In this Nov. 19, 2016, file photo, Mark Zuckerberg, chairman and CEO of Facebook, speaks at the CEO summit during the annual Asia Pacific Economic Cooperation (APEC) forum in Lima, Peru. (AP Photo/Esteban Felix, File)
PALO ALTO, Calif. (AP) --
Mark Zuckerberg has enlisted the help of Morgan Freeman and taken a shot at Nickelback while unveiling his new artificial intelligence assistant.
The Facebook founder and CEO showed off "Jarvis" with a post on the project and videos on his Facebook page.
The voice interactive assistant takes its name from a similar AI device in the "Iron Man" films. Freeman provides its voice.
Zuckerberg can be seen in the videos using Jarvis to control lights, the thermostat and even make toast. It also plays music, but when asked by Zuckerberg to play some good songs by the much derided Canadian band, Nickelback, Jarvis replies: "There are no good Nickelback songs."
The videos feature his wife Priscilla Chan and their toddler daughter, Max.
Mark Zuckerberg talks about the Orion AR glasses during the Meta Connect conference on Sept. 25, 2024, in Menlo Park, Calif. (AP Photo/Godofredo A. Vásquez, File)
Meta Platforms Inc. posted sharply higher profit and revenue for its fourth quarter on Wednesday, thanks to higher ad revenue on its social media properties, sending its shares up in after-hours trading even as it forecast increasing expenses on its artificial intelligence efforts.
CEO Mark Zuckerberg said he expects 2025 to "be the year when a highly intelligent and personalized AI assistant reaches more than 1 billion people, and I expect Meta AI to be that leading AI assistant."
The Menlo Park, California-based company earned $20.83 billion, or $8.02 per share, in the October-December quarter. That's up 49% from $14.02 billion, or $5.33 per share, in the same period a year earlier.
Revenue grew 21% to $48.39 billion from $40.11 billion.
Analysts, on average, were expecting earnings of $6.76 per share on revenue of $47 billion, according to a poll by FactSet.
"We continue to make good progress on AI, glasses, and the future of social media," Zuckerberg said in a statement.
For the current quarter, Meta said expects revenue of $39.5 billion to $41.8 billion. Analysts are expecting revenue at the high end of that range — $41.68 billion.
The company also said it expects expenses in the range of $114 billion to $119 billion, driven by infrastructure costs and employee compensation. Meta had 74,067 employees as of Dec. 31, up 10% from a year earlier.
"Meta's Q4 performance underscores the company's resilience in a still-uncertain digital ad market. By beating both earnings and revenue estimates, they've demonstrated that cost discipline and efficiency gains are paying dividends," said Jesse Cohen, an analyst with Investing.com. "However, the real headline is their commitment to aggressive capital expenditures.... Read More
