"Mita" expects higher spending and weaker revenue in the group of artificial intelligence

The company “Meta Platfarms” has raised its estimates for spending this year and expects sales of the second quarter to be less than Wall Street, which is new, which raises questions about whether the future technological bets will eventually come to investors. Facebook’s parent company informed an income of $ 36.5 billion in the first quarter, an increase of 27% compared to the same period last year. This was a minor superiority, as analysts suggested that revenue reached an average of $ 36.1 billion, according to estimates that Bloomberg collected. But the social media business – based in Menlo Park, California, also expected the second sales between $ 36.5 billion and $ 39 billion. In exchange for expectations of $ 38.2 billion analysts. Meanwhile, Mita has raised its costs for this year and now believes that capital expenditure spans between $ 35 billion and $ 40 billion. Earlier this year, the company estimated the expenses associated with things such as servers, artificial intelligence devices and data centers at about $ 30 billion to $ 37 billion. The price of “Meta” fell 11% with extra transactions after the market closed. The stock gain during the current year has reached 39% to the market closure, and it was traded near the highest levels ever during the past month, which partially reflects the excitement of artificial intelligence. A major spending on artificial intelligence spent ‘dead’ strong to compete with artificial intelligence against its counterparts from other technology companies, such as ‘Microsoft’ and ‘Alphabet’, leading to an increase in spending. In January, the company announced plans to set up a new $ 800 million data center, and it is working to develop its own chips for artificial intelligence services. “Mita” is also working on many new versions of his great linguistic model, known as “Llama”, to perform chat substances and other artificial intelligence services. In the previous quarter, Zuckerberg announced the process of buying $ 50 billion shares, in addition to the first quarterly profit distribution of the company ever, in an effort to calm the frustrated investors due to the company’s major spending on the technologies that were not yet fertile. Zuckerberg has spent years pumping money in the efforts to build the so -called “metaphors”, a virtual world that hopes that people will one day spend time and work in it. The losses of “Realty Labs”, which are attached to “Meta”, which focuses on its future bets, announced a $ 3.85 billion loss in the first quarter, which is almost the same amount it incurred last year. This division, which also oversees the virtual reality of reality and ‘Ray Ban’, announced an annual loss of more than $ 16 billion in 2023. The company reaffirmed the broader spending plans for 2024, saying it would spend between $ 96 billion to $ 99 billion for the year. She previously said that many of these will be used in infrastructure costs, as well as long -term betting on a greater and virtual reality. The mixed “Mita” report comes on the same day that President Joe Biden signed a draft law that forced “byte -dance” the mother enterprise “Tech talk” to sell the famous video service, or prohibit it in the United States. The potential removal of this main competitor will improve the advertising industry “Mita”, especially that the short videos known as “Rales” will be cloned from “Tik Tuk”. ‘Mita’ recorded a net revenue of $ 12.37 billion for the first quarter, which produced the profitability of one share at $ 4.71, more than twice the profits of the previous year.