Mark Zuckerberg Warns Investors that Profits from Generative AI Still Years Away
by Tech Times
Tech Times— Despite Meta's investments, Zuckerberg tempered expectations by indicating that profits from generative AI initiatives may not materialize in the near future.
Benzinga—Mark Zuckerberg-Led Meta's 'Set It And Forget It' AI Tools Misfire, Wasting Ad Budgets And Driving Away Businesses: Report. Meta is dealing with significant issues as its AI-driven advertising tools are malfunctioning, causing increased costs and decreased sales effectiveness. read more
Yahoo Finance—GM boosts full-year guidance after strong Q1 beat; still sees 'variable profit' in EV unit by year end. GM kept the earnings momentum going with strong first quarter results, resulting in the automaker upping its full-year guidance. GM also still sees "positive variable profit" in its EV business in the back half of 2024 as well.
@cityam—‘Green shoots of recovery’ emerge as FTSE profit warnings fall on last year. "Whilst the green shoots of recovery can be seen, companies cannot afford to ignore the warning signs and rely on economic resurgence," Jo Robinson, EY-Parthenon Partner and UK&I turnaround and restructuring strategy leader said.