Meta introduces Meta Business Agent globally which can respond to customers 24x7.
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<body><p>STORY: Shares of Meta rose more than 3% in morning trading on Wednesday, after the social media giant unveiled an AI agent designed to help businesses carry out day-to-day operations.</p><p>The move marks Meta's latest push into the fast-growing enterprise AI market.</p><p>Mark Zuckerberg's company said the new product expands on existing business messaging services by enabling "agentic" capabilities in which the assistant can, for example, book calendar appointments and close sales on behalf of businesses.</p><p>It said more than 1 million businesses were already using earlier chatbot versions of such agents on WhatsApp and Messenger. The new version will be added to Instagram as well.</p><p>The move hints at Meta's ambitions to compete with rivals like OpenAI, Anthropic and Google in the market for enterprise applications of its AI tools, leveraging the reach of its WhatsApp, Instagram and Facebook apps.</p><p>The company is also launching a broader "Business Agent Platform" aimed at giving businesses the tools to build custom AI agents to help them manage their operations elsewhere.</p><p>That platform is connected to hundreds of non-Meta systems, including Shopify.</p></body>
RDDT benefits from ad revenue, ARPU and advertiser growth as Shopify integration expands, but valuation, competition and macro headwinds cloud upside.

Broadcom shares sank in pre-market following the chipmaker's quarterly results.

Broadcom shares sank in pre-market following the chipmaker's quarterly results.

Broadcom shares sank in pre-market following the chipmaker's quarterly results.

Broadcom shares sank in after-hours following the chipmaker's quarterly results.

Broadcom shares edged higher ahead of the company's earnings on Wednesday.
Meta Platforms is spending heavily on artificial intelligence, weighing on investor sentiment. Morgan Stanley argues the company’s AI investments could unlock billions in new revenue and earnings growth.
The size of the AI boom has been well demonstrated by hyperscalers like Alphabet and Nvidia, but when stocks like Dell Technologies and Hewlett Packard transform into AI players, you know the cycle has taken on a new dimension.
Megacap stocks are behemoths that set the tone for their industries, and their massive scale typically leads to wide moats. However, the downside is that most have already exploited their existing market opportunities and must invest heavily to expand further, a risky proposition.
Nvidia is preparing to launch Nemo Claw, an open-source agent platform designed to dispatch AI agents and route work across companies. This strategy aims to create a new coordination layer above existing chip infrastructure, potentially shifting Nvidia's focus from hardware to software control. The discussion also covers Anthropic's Claude and internal drama at Meta's AI division.
Hidden inside Meta's (META) massive advertising machine is a product suite already at a $20 billion annual revenue run rate. This value optimization suite, adopted by businesses for its performance, has more than doubled in the last year. It represents a powerful new layer of monetization, scaling quietly beneath the surface of the core social apps.
More than 1 million businesses are already using the tool, which Meta plans to move behind a paid subscription in the coming months
On June 1, CNBC reported that Berkshire Hathaway (NYSE:BRK-B) invested an additional $10 billion in Alphabet (NASDAQ:GOOGL) through a private stock purchase, deepening its bet on artificial intelligence. The move makes Berkshire Hathaway a meaningful participant in Alphabet’s larger $80 billion equity raise aimed at funding AI infrastructure and global computing capacity expansion. This is Berkshire’s ... Buffett’s Berkshire Hathaway Just Made its First Major AI Investment: Here’s the Next AI Bu
The new agent is part of the company’s effort to broaden beyond its core consumer business as it spends aggressively on artificial intelligence.
Broadcom has beaten the Zacks Consensus EPS estimate in each of the trailing four quarters.
By Katie Paul LONDON, June 3 (Reuters) - Meta Platforms on Wednesday unveiled an artificial intelligence agent aimed at helping businesses carry out day-to-day operations, positioning the social media
Meta Platforms on Wednesday unveiled an artificial intelligence agent aimed at helping businesses carry out day-to-day operations, positioning the social media giant as a player in the enterprise AI market. Announced at the company's WhatsApp-focused Conversations conference in London, the new product expands on existing business messaging services by enabling "agentic" capabilities in which the assistant can take actions like booking calendar appointments and closing sales on behalf of businesses. The company said more than 1 million businesses were already using earlier chatbot versions of such agents on WhatsApp and Messenger.
With shares down about 10% year-to-date, Meta Platforms stock has been left out from the recent market rally. Meta stock rose in morning trades. "Meta investor sentiment continues to lag megacap peers due to lower visibility and confidence in GenAI return-on-invested-capital and/or concerns that Meta's $380 billion+ of capital expenditures (2027+2028) and roughly $25 billion of annual hyperscaler investment will not generate return," Morgan Stanley analyst Brian Nowak said in a Wednesday client note.
If you have retirement capital to allocate today and you’re staring at Meta Platforms (NASDAQ:META) and Netflix (NASDAQ:NFLX), the question is simple: Which one belongs in a portfolio built to fund the next 20 years of withdrawals? Both are mega-cap communication services names, both are profitable, and both are buying back stock. But the underlying ... Meta vs. Netflix: Which One Deserves Your Retirement Capital Today?
AMD believes the fastest-growing AI infrastructure opportunity may sit between traditional servers and GPUs.
Prosecutors say the activist author of Citron Research manipulated stocks to pocket $21 million.
Meta Platforms (NASDAQ:META) has lost its bid to challenge the European Union’s decision to classify its Messenger service as a gatekeeper under the Digital Markets Act (DMA), after a ruling by the EU’s General Court in Luxembourg. The judgment reinforces regulatory obligations imposed on the messaging platform and marks another setback for Meta in its efforts to contest the EU’s stricter oversight of large technology companies.
The metaverse comparisons are missing the big picture.
By Karen Brettell June 3 (Reuters) - The artificial-intelligence boom already has fueled a record stock-market surge. Now it's driving up long-term Treasury yields too.
Two shareholder proposals request independent reports on whether Palantir’s software contributes to human rights abuses by government clients.
