Meta has launched a stand-alone AI assistant app, leveraging user data to provide personalized responses, distinguishing itself from competitors like ChatGPT. Snap has decided not to issue its second quarter forecast due to economic uncertainty, which contributed to a 13% drop in its share price despite a strong first quarter. Meanwhile, WPP reported a 5% decline in revenue, noting that economic challenges and timing of new business affected its results, although performance aligned with expectations overall.
Meta's new AI app stands out by using user data from Facebook and Instagram to provide personalized responses, setting it apart from other AI tools like ChatGPT.
Snap's decision to suspend its second quarter forecast amid economic uncertainty caused a 13% drop in share price, indicating investor concerns about future visibility.
WPP's revenue dipped 5% year-over-year, attributed to macroeconomic challenges and the timing of new business opportunities, but was still consistent with market expectations.
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