Welcome to the Tech Meme Right Home for Thursday, April 25th,

2024, I'm Brian McCullough today.

Meta's earnings were fine, but it's what Zuck warned about spending that has Wall Street nervous.

Sub-2 nanometer chips are on their way.

An AI startup has a big new raise after its big raise just a month ago.

Google Meat lets you jump devices and the first reviews are out for

that Rabbit R1. Here's what you miss today in the world of Tech.

Earning season is upon us again.

Meta's stock opened down almost 15% this morning after Meta reported revenue up, 27% year

over year to 36.46 billion dollars and that income was up

a hundred and 17% to 12.37 billion and its family daily active people number was up 7% year over year to 3.24 billion.

But what doesn't the street like about this news?

quoting Bloomberg, Mark Zuckerberg is asking investors for patients again.

Instead, they're alarmed. After Meta platforms revealed that it will spend billions of

dollars more than expected this year,ed by investments in artificial intelligence,

the company's chief executive officer did his best to soothe Wall Street. But the

spending forecast, coupled with slower sales growth than anticipated, sent the shares

tumbling as much as 15% in pre-market

trading on Thursday. It was a familiar pitch for Zuckerberg who has said before that

the company's futuristic technology bets will eventually pay off and that savvy

shareholders should stick around.

The Facebook parent is now plowing ever more resources into artificial intelligence which requires

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