Southeast Asia, home to young, digitally-savvy populations and a rising middle class, offers fertile ground for leapfrogging.
Meta’s quarterly results showcased the strength of its core social media business, as well as the gap in its business model in the AI arms race.
Robinhood beat analyst expectations on several fronts though crypto revenue fell significantly.
Microsoft’s fiscal Q4 revenue of $90 billion topped Wall Street targets, while Copilot reached 30 million paid seats, and an investment in Anthropic delivered a $3.2 billion windfall.
The statement, signed by senior executives at competing companies, calls on the government to help build the tools needed to pace frontier AI development.
Social media chief defends strategy based on personalised bots as costs rise and revenue projections disappoint