Meta’s Twitter/X rival Threads is growing at a stable pace. The social network now has more than 150 million monthly active users — up from 130 million in February — Mark Zuckerberg mentioned during the company’s Q1 2024 earnings call. Since the last quarterly earnings call, Threads has notably taken steps towards integrating with ActivityPub, [...]read moreMark Zuckerberg says Threads has 150 million monthly active users
The generative AI gold rush is underway — just don’t expect it to create profits anytime soon. The company is already quite profitable, having grown net income to more than $12 billion on $36.5 billion in revenue in the last quarter alone. But its revenue growth is expected to slow going forward. At the same [...]read moreZuckerberg: It will take Meta years to make money from generative AI
Meta CEO Mark Zuckerberg, who is touring Asia countries this week, said in a meeting with South Korean President Yoon Suk Yeol on Thursday that Meta wants to beef up its cooperation with Samsung Electronics for AI chips to offset geopolitical risk issue in Taiwan, where TSMC, the world’s biggest contract chip manufacturer, is headquartered. [...]read moreMeta’s Zuckerberg woos big tech in Asia to double down on AI chips