AI is the word as Alphabet and Meta get ready for earnings

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 73 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 97%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

While Google reportedly races to develop a new AI-powered search engine, Meta is shifting its ad-sales pitch from a focus on the metaverse to artificial...

AI is the dominant storyline — make that only storyline — as two of Big Tech’s biggest players prepare to announce quarterly results next week.

While Alphabet Inc.’s GOOGL GOOG Google reportedly races to develop a new search engine powered by AI, Meta Platforms Inc. META is changing its sales pitch to advertisers from a focus on the metaverse to artificial intelligence to drum up short-term revenue. Meta is expected to make an announcement around its plans next month.

Google, by comparison, is expected to haul in $71.5 billion in 2023, up 2.9% from $69.5 billion in 2022. Ad sales are expected to increase 6.2% to $75.92 billion in 2024. Like Meta, Google is rumored to be planning more layoffs soon. “AI is the most profound technology we are working on today,” Alphabet Chief Executive Sundar Pichai said during the company’s last earnings call in January, according to a transcript provided by AlphaSense/Sentieo.Google’s AI pivot is primarily motivated by the potential loss of Samsung Electronics Co. 005930 as a default-search-engine customer to rival Microsoft Corp.’s MSFT Bing.

Cowen analyst John Blackledge says a first-quarter call with digital ad experts this month suggests continued pricing weakness for Meta, with Google in better shape on the strength of its dominant search engine. He expects Meta to report ad revenue of $27.3 billion for the quarter, up 1% from the year-ago quarter and up 4.2% from the previous quarter. Snap, which is forecast to report a revenue drop of 6% when it reports next week, recently launched an AI chatbot as well.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 3. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Stocks making the biggest moves midday: Alphabet, Charles Schwab, State Street, Moderna and moreThese are the stocks posting the largest moves in midday trading. Moderna can go to zero please. Pfizer too.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »