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- “Shares of the social media juggernaut are already up 36% so far in 2018 — albeit after plunging 26% last year as it traversed a difficult combination of data-privacy scandals, the spread of misinformation on its platforms, and concerns over decelerating top-line growth as Facebook builds on a larger base. With the help of AI, Facebook is striving to address those concerns.
- “The services that we offer that are extremely high value-added and in many ways have economics that are very similar to our core business and very much leverage of core business or things like risks services, fraud management and all that, authentication services, data analytics where we continue to add to our capabilities with AI,” said CFO Vasant Prabhu, according to a transcript compiled by Seeking Alpha. “We’ve always been doing machine learning, especially on fraud.”
- Without AI, Waymo’s vehicles wouldn’t be able to navigate traffic, avoid pedestrians, or learn from past driving experiences. The company stands to benefit from this AI pursuit by licensing some of its tech to other companies and selling its own services, all of which could help Waymo generate nearly $100 billion in sales over the next decade.”