Meta anticipates rapid increase in AI expenses following surpassing Wall Street expectations, says Reuters.

Meta anticipates rapid increase in AI expenses following surpassing Wall Street expectations, says Reuters.

Meta Platforms, the parent company of Facebook, has issued a warning about the significant increase in expenses related to artificial intelligence infrastructure next year. Despite this, the company managed to surpass analysts’ expectations for both revenue and profit in the third quarter. The results have left investors unsure about whether the revenue generated from digital … Read more

Decreasing demand dashes expectations for enrollment increase in the UK.

Decreasing demand dashes expectations for enrollment increase in the UK.

An unexpected drop in demand for higher education in England could pose significant challenges for universities, as predictions of enrollment growth in the coming years appear overly optimistic while a demographic decline is on the horizon. A report by Higher Education Policy Institute president Bahram Bekhradnia suggests that previous estimates of 350,000 more students by … Read more

Central bank of Russia increases key interest rate to 21% in effort to control inflation exceeding expectations

Central bank of Russia increases key interest rate to 21% in effort to control inflation exceeding expectations

Russia raised its key interest rate by 200 basis points to 21% on Friday, citing consumer price increases considerably above its forecast and warning of ongoing high inflation risks in the medium term. This move exceeded the 100 basis-point hike that analysts had expected, bringing the institution’s benchmark rate to its highest level since February … Read more

AI Generation Enters the Height of Overblown Expectations, The Unsettling Valley and Beyond

AI Generation Enters the Height of Overblown Expectations, The Unsettling Valley and Beyond

In this episode of Trending in Education, Mike Palmer and his AI co-host Nancy explore whether generative AI in education has reached the peak of inflated expectations or even the trough of disillusionment on the Gartner Hype Cycle. The discussion delves into the origins of the Hype Cycle and its relevance to current AI trends. … Read more

IBM Stock Drops Despite Beating Q3 Earnings Expectations with Lower Revenue.

IBM Stock Drops Despite Beating Q3 Earnings Expectations with Lower Revenue.

IBM (IBM) stock saw a decline late on Wednesday despite reporting better-than-expected third-quarter earnings. Although IBM’s revenue missed expectations, the company experienced strong growth in software sales, which was partially offset by weaknesses in consulting and infrastructure operations. IBM reported adjusted earnings of $2.30 per share on sales of $14.97 billion for the quarter ending … Read more

Vertiv Stock Exceeds Q3 Expectations, Falls Short on Sales Forecast

Vertiv Stock Exceeds Q3 Expectations, Falls Short on Sales Forecast

Vertiv (VRT), a company that specializes in digital infrastructure technology for data centers and communication networks, exceeded Wall Street’s expectations for the third quarter but provided mixed guidance for the current period, causing VRT stock to fall in early trading. The Westerville, Ohio-based company reported an adjusted earnings of 76 cents per share on sales … Read more

Investing.com: Kimberly-Clark exceeds Q3 earnings expectations but falls short on revenue

Investing.com: Kimberly-Clark exceeds Q3 earnings expectations but falls short on revenue

Kimberly-Clark Corporation (NYSE: KMB) announced its third-quarter 2024 results on Thursday, exceeding earnings expectations but falling short on revenue projections. The company also adjusted its full-year forecast for organic sales growth. The consumer goods company reported adjusted earnings per share of $1.83, beating the analyst consensus of $1.70. However, revenue for the quarter came in … Read more

Volvo’s Q3 adjusted profit declines beyond expectations, says Reuters

Volvo’s Q3 adjusted profit declines beyond expectations, says Reuters

Swedish truck maker AB Volvo reported a larger than expected decrease in third-quarter adjusted operating profit, citing continued normalization of demand in most of its markets. Adjusted operating profit for the quarter was 14.1 billion crowns, down from 19.3 billion in the same period last year and below the average analyst forecast of 15.6 billion. … Read more

China announces retail sales and industrial production data exceeding expectations.

China announces retail sales and industrial production data exceeding expectations.

Customers are shopping at the new Costco store in Nanjing, Jiangsu Province, China on May 28, 2024. The National Bureau of Statistics reported better-than-expected retail sales and industrial production for September in China. Retail sales grew by 3.2% from a year ago, surpassing analysts’ expectations of 2.5% growth. This growth rate was higher than the … Read more