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3 Reasons to Buy This Artificial Intelligence (AI) Stock Like There Is No Tomorrow
The Motley Fool· 2025-05-24 10:45
Artificial intelligence (AI) isn't new, but novel applications of the technology have become extremely popular in the past few years. Demand for AI-based services is already high, but according to some experts, we're arguably still in the early innings of this revolution.Though many corporations are cashing in on this and are attractive from an investment viewpoint, one of my favorites is Meta Platforms (META -1.39%), the parent company of Facebook. Here are three reasons it is a top AI stock to buy.1. 3.4 ...
German court says Meta can use user data to train AI
TechXplore· 2025-05-23 20:20
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: The court ruled Meta is 'pursuing a legitimate end' by training AI with Facebook and Instagram user data. A German court on Friday dismissed an injunction request brought by consumer protection groups to prevent US tech giant Meta from using user data from Facebook and Instagram to train artificial intelligence systems. The hi ...
Ohio Schools & Municipalities Can Now Procure Solar Easily Through META and Veregy
GlobeNewswire News Room· 2025-05-22 17:02
Core Insights - META Solutions has awarded a Master Contract to Veregy for solar infrastructure projects, enhancing access to sustainable energy solutions for public entities in Ohio [1][5] - The selection process adhered to Ohio Revised Code, ensuring compliance and enabling cooperative purchasing for public entities [2][4] - Veregy will provide design-assist services and support the implementation of cost-effective solar energy projects, streamlining procurement for K-12 school districts and local governments [3][4] Company Overview - META Solutions is a not-for-profit regional council serving over 600 school districts and public entities in Ohio, focusing on technology services and cooperative purchasing [5][6] - Veregy is a NAESCO-accredited decarbonization company with a strong presence in Ohio, specializing in energy efficiency, solar energy, and sustainability solutions [7]
Meta adds another 650 MW of solar power to its AI push
TechCrunch· 2025-05-22 16:49
Meta signed another big solar deal on Thursday, securing 650 megawatts across projects in Kansas and Texas.American utility and power generation company AES is currently developing the solar-only projects, with 400 megawatts to be deployed in Texas and 250 megawatts in Kansas, the company told TechCrunch. Meta said it signed the deal to power its data centers, which have been expanding to support its growing AI operations. The company already has more than 12 gigawatts of capacity in its renewable power po ...
Meta to label more workers as ‘low performers' — months after sweeping layoffs
New York Post· 2025-05-22 15:25
Mark Zuckerberg’s Meta has reportedly expanded the number of employees who will be labeled as “low performers” in midyear performance reviews – just months after it slashed about 4,000 workers who it claimed fell short of expectations.The company has told managers on teams consisting of 150 employees or higher to classify more workers as having performed “below expectations,” according to a May 14 memo obtained by Business Insider.The designation is expected to apply to 15% to 20% of employees on those team ...
$30B AI Opportunity: Will It Power Meta's Next Surge?
MarketBeat· 2025-05-21 21:51
Core Viewpoint - Meta Platforms is experiencing a positive trend in analyst upgrades, with nearly 20 analysts raising their price targets following the latest earnings report, indicating strong market confidence in the company's growth potential [1] Group 1: Analyst Ratings and Price Targets - Wolfe Research has set a new price target of $750 for Meta, suggesting an upside of nearly 18% from its May 20 closing price [2] - The average price target for Meta is currently $701.05, with a high forecast of $935.00 and a low forecast of $525.00, reflecting a moderate buy rating based on 44 analyst ratings [9] Group 2: Business Messaging Opportunities - Mark Zuckerberg highlighted business messaging as a key growth opportunity, with Wolfe estimating it could represent a $30–$40 billion market for Meta [3][8] - Currently, Meta generates approximately $1.5 billion to $2 billion in annual revenue from WhatsApp, which is part of the Other Family of Apps Revenue that totaled around $1.8 billion over the last 12 months [7] Group 3: User Engagement and Market Potential - WhatsApp boasts over 3 billion monthly active users, equating to about 38% of the global population, while Facebook Messenger has over one billion monthly users [5] - The potential for business messaging could lead to a 20x increase in revenue, with $35 billion in business messaging revenue representing over 20% of Meta's total revenue of $170 billion in the last 12 months [8] Group 4: AI Integration and Monetization Strategy - Meta plans to leverage AI to enhance the monetization of business messaging, envisioning an "AI business agent" for customer service and sales campaigns [9] - The company is currently testing AI features for business messaging, which could improve profitability in developed markets despite the low labor costs in emerging economies [11][12]
Award-Winning Designer Maryna Karpenko Honored for Shaping Consumer and B2B Experiences at Meta, Mattermost, Hily, and Wavechat
GlobeNewswire News Room· 2025-05-21 21:19
Image Courtesy of Maryna Karpenko SAN FRANCISCO, May 21, 2025 (GLOBE NEWSWIRE) -- Maryna Karpenko, an award-winning product designer and digital product leader whose previous work has reached millions of people worldwide, has joined Meta, where she helps shape the future of digital communication on a global scale. Some of Maryna’s top honors include the MUSE Creative Award, the Vega Digital Award, and the Davey Award. Previously, Maryna led the mobile messaging experience at Mattermost, an open-source plat ...
Meta targets more 'underperformers' in mid-year reviews, internal memo shows
Business Insider· 2025-05-21 15:03
Core Insights - Meta is increasing the number of employees rated as "Below Expectations" in mid-year performance reviews, aiming for 15-20% of employees in this category for larger teams, up from 12-15% last year [2][6] - The mid-year performance review process is seen as an opportunity for potential exit decisions, with no company-wide terminations planned, unlike earlier this year [4][6] - This change follows a recent layoff of nearly 4,000 employees, about 5% of its workforce, indicating a trend towards more performance-based cuts [6][9] Performance Review Changes - Managers are instructed to classify up to 20% of employees as underperformers, a significant increase from previous years [2][7] - The review process will begin on June 16, with discussions between managers and employees occurring from July to August [5] - The criteria for performance-based cuts include a "Below Expectations" rating or recent formal disciplinary actions [4] Historical Context - The current changes echo a similar adjustment made at the end of 2022, where the share of employees classified as underperformers was roughly doubled [7][8] - Meta's tightening of performance review criteria reflects its strategy to reshape the workforce after years of overhiring [9] Industry Trends - Meta's approach aligns with broader trends in the tech industry, where companies are focusing on performance management and efficiency, as seen with recent layoffs at Microsoft and Google [10]
WEBRIS Launches Fully Managed Facebook Ads Program Built Exclusively for Law Firms
GlobeNewswire News Room· 2025-05-21 04:38
Miami, FL, May 21, 2025 (GLOBE NEWSWIRE) -- WEBRIS, a performance-driven lawyer marketing agency, has officially launched a fully-managed Facebook Ads service built exclusively for law firms. This new program is designed to help attorneys attract high-quality case leads through targeted social advertising, offering a strategic and results-focused alternative to generalized ad services. This new offering was created to fill a gap in the legal marketing space. Many law firms are investing in advertising but ...
Meta's Community Notes program is promising, but needs to prioritize transparency
TechXplore· 2025-05-20 17:41
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Pixabay/CC0 Public Domain Meta, the parent company of Facebook, Instagram and WhatsApp, has more than 3.35 billion combined monthly active users. Recently, Meta has changed its approach to fact-checking in response to criticisms of its role in circulating fake news and disinformation. The company frames its Community Not ...