Reported 2 days ago
In a recent tech market downturn, Meta Platforms Inc. defied the trend with a record stock high due to its successful AI investments, contrasting with Microsoft Corp.'s struggles amid skepticism over heavy AI spending. Analysts suggest Meta's open-source strategy and focus on engagement improvements position it better than Microsoft, which faces scrutiny over its AI initiatives and profitability. Despite previous setbacks, Meta's recent cost-cutting and commitment to AI are being positively received by investors, while Microsoft’s future with AI remains uncertain.
Source: YAHOO