French advertising firm Publicis on Thursday raised its full-year organic growth forecast following stronger-than-expected second-quarter results, as CEO Arthur Sadoun dismissed concerns over Meta's AI-powered ad creation system.

Aravind Srinivas said a few stand-out AI stars will likely have "so much leverage."

Game of Kings. Hi everyone. Thanks to Meta Platforms CEO Mark Zuckerberg, the price to compete in the AI arms race has just gone up this week. Way up.

Mark Zuckerberg on Monday said he plans to invest “hundreds of billions of dollars” into artificial intelligence infrastructure.

(Reuters) -Meta CEO Mark Zuckerberg has pledged hundreds of billions of dollars towards building massive data centers, days after ratcheting up the AI race with the launch of a division made up of engineers poached from rivals he hopes to challenge.

Meta Platforms is shifting its focus and riding a powerful, bullish trend. Investors should consider the wide range of Meta stock price targets and formulate a strategy for all possible outcomes.

Scale is cutting 200 full-time staffers, or 14% of the workforce, and around 500 contractors, spokesperson Natalia Montalvo told SFGATE on Wednesday, confirming a report from Bloomberg. Employees learned that they were going to be laid off before a morning memo from Scale’s CEO, Jason Droege, delivered the news to the wider staff.

Zuckerberg has pushed back against reports of compensation packages being the primary reason for top AI researchers joining the tech giant.