"Meta Platforms is one of my top picks for investors seeking exposure to artificial intelligence (AI) without chasing speculation. The company already embeds AI in safety, ads, and even the user experience across Facebook, Instagram, WhatsApp, and Messenger. But there's another Meta app that has largely gone under the radar (for now) -- and it's a pureplay in the AI space: the standalone Meta AI app."
"Unlike some more speculative AI stocks, one of the great things about choosing Meta as a way to get exposure to AI in your portfolio is that it's a great business, even if some of its more speculative bets on AI don't convert into meaningful new streams of revenue. That's because the company's advertising business, which targets users across its various social networks, is already firing on all cylinders."
Meta Platforms embeds artificial intelligence across safety systems, advertising, and user experiences on Facebook, Instagram, WhatsApp, and Messenger. A standalone Meta AI app provides a pure-play AI product that can be integrated across Meta's social networks and monetized with ads. The core advertising business remains robust, supplying stable revenue even if some AI initiatives do not produce immediate new income streams. Second-quarter revenue rose 22% to $47.5 billion and EPS increased 38% to $7.14. Ad impressions grew 11%, average price per ad rose 9%, and daily active users reached 3.48 billion, up 6%.
Read at The Motley Fool
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