Meta And IBM Launch AI Alliance Amid OpenAI ChallengesMeta and IBM formed an AI alliance to counter OpenAI dominance, reshaping AI's future with success hinging on execution and safety commitment.
In a strategic move to reshape the AI landscape, Meta Platforms and IBM have spearheaded the formation of the AI Alliance, a coalition comprising over 50 leading artificial intelligence (AI) companies and research institutions. Notably, this alliance, born out of dissatisfaction with the one-sided discourse dominated by entities like OpenAI, is geared towards promoting open innovation and open science in the rapidly expanding AI domain.
Unlocking the Power of Collective Innovation
In a joint effort, Meta Platforms and IBM have orchestrated the birth of the AI Alliance, a collaborative force of over 50 influential players in the field of artificial intelligence, according to a WSJ report. Notably, this alliance, which boasts prominent members such as Intel, Oracle, Cornell University, and the National Science Foundation, aims to champion “open innovation and open science” in the realm of AI.
Meanwhile, Dario Gil, IBM’s Senior Vice President and Director of IBM Research, voiced dissatisfaction with ongoing AI discussions, emphasizing the need for a more inclusive representation of the diverse ecosystem driving the current AI advancements.
Gil acknowledged the overshadowing narrative led by generative AI since the advent of OpenAI’s ChatGPT a year ago. Unlike closed systems maintained by their creators, the AI Alliance is championing the cause of open-source technology, fostering collaboration among industry giants, academia, and independent programmers.
Notably, many members of the alliance already possess their AI products but are striving to keep pace with the attention garnered by OpenAI and its partner, Microsoft.
Shifting Tides in the AI Market
As enterprises globally are projected to spend nearly $16 billion on generative AI solutions in 2023, the AI Alliance is strategically positioning itself to offer a more distributed and resilient alternative. Notably, the recent upheaval at OpenAI has prompted businesses to seek diversified providers, minimizing the risk associated with relying on a single vendor.
Meanwhile, Meta’s foray into the open-source AI market through its Llama 2 AI model and IBM’s introduction of the Watsonx system underscore the alliance’s commitment to driving innovation. In addition, IBM’s Gil expressed the significance of adopting a decentralized approach, asserting that it enhances resilience by preventing any single institution from obstructing the success of the open engine. He stated, “This alternative method is more decentralized and robust.”
The AI Alliance’s launch signifies a pivotal moment in the AI landscape. As businesses explore alternatives to mitigate risk, the alliance, with its emphasis on open innovation, stands as a compelling option. Meanwhile, Ritu Jyoti, Group Vice President of Worldwide AI at IDC, notes, “It will all depend on how well they execute it.”
Meanwhile, the alliance’s focus on areas like regulation and safety, with plans to release a benchmarking tool for AI safety and model validation, further solidifies its commitment to reshaping the future of AI through collective effort.
Meta
🔴 META PLATFORM: Daily Technical Analysis & SetupHi Traders!
From a technical point of view, NASDAQ:META is very interesting for Day Traders, but at the same time it could also give some opportunities to Aggressive Traders (Intraday) in short term. Having said that, if we look at Daily Chart the trend is bullish in mid-long term, but in the short term we do not exclude a bearish consolidation before another rally. For Day Traders Setup is very simple, wait for pullback to take long position as shown on the chart. Money Management also seems interesting, with a risk of 2% we get a Risk/Return Ratio > 1:8 (not bad).
🔴 INTRADAY ANALYSIS
How can we get to our Setup Area?
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Now we need to understand how META could reach our Setup Area, and it could do so simply in two ways: with a bullish scenario (Top and Impulsive Structure still in play) or with a bearish scenario (ABC Pattern in play), as shown on two chart below. Both of these two scenarios should be able to reach our setup area on the daily chart:
Trade with care
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META ( FACEBOOK) Rebound - Can the METAVERSE Follow?Facebook parent Meta’s first quarter profit and its count of daily users jumped past Wall Street’s expectations despite the company’s slowest revenue growth since going public a decade ago. Shares were up sharply in after-hours trading.
Meta cut a sharp contrast with Google parent Alphabet, which on Monday reported what analysts called disappointing earnings, with profit below Wall Street’s expectations. Google also reported a revenue growth slowdown, but for Meta this appeared to have been mitigated by an increase in daily active users that “was enough to send the shorts covering and the stock surging,”
so, good news from META, could the Real Metaverse be next?
One Love,
the FXPROFESSOR
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Wave of the day:META
Possible false breakout in NASDAQ:META .It is not quite in place because the price is not below the top price from summer.
But if we get there below the dotted line on my graph we have a false breakout in Meta.
3 reasons why:
RSI Divergence
MACD Lines Divergence
MACD Histogram Divergence. Even though is not a pure divergence yet, we can compare the power of the bulls in summer with the power of the bulls now. Not a great sight!
What stock caught your eyes? Please leave a comment below and I will take a look next time.
Legal Disclaimer: The information presented in this analysis is solely for informational and educational purposes and does not serve as financial advice.
🚨♾Meta Platforms(META)♾ will Go Down at least ➖20%🚨🏃♂️♾ Meta Platforms(META) ♾ is moving near the 🔴 Resistance zone($332-$315) 🔴.
💡Also, we can see Regular Divergence (RD-) between two consecutive peaks .
In terms of Elliott wave theory , the Meta Platforms(META) seem to have completed the main wave 3 at the 🔴 Resistance zone($332-$315) 🔴 with the help of the Expanding Ending Diagonal Pattern .
🌊It is interesting to note that in the middle of main wave 3 , the main Bullish Long Island Pattern can be seen, which confirms our wave count.
🔔I expect the Meta Platforms(META) to lose at least ➖20% of its value after breaking the lower line of the Expanding Ending Diagonal and reaching the 🟡 Price Reversal Zones(PRZ) 🟡, Support line(1) and 🔵 200_SMA(Weekly) 🔵.
📚If you want to know about the types of Gaps , you can read the following article.👇
Meta Platforms( METAUSD) Analyze, Daily time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
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META BUYHello, according to my analysis of Facebook stock. There is a good opportunity to buy. We note that the stock has penetrated the ascending channel. Strong resistance at 330 level has been broken. All these indicators point to buyers taking control. Inventory is for purchase only. Good luck everyone.
A Positive View on META Platforms Inc. Meta Platforms (NASDAQ:META) and has recently revised the price target from $380 to $435, highlighting its innovative approach, integration of artificial intelligence, and strong financial standing as key drivers of growth.
One of the factors contributing to this positive sentiment is Meta Platforms’ recent initiatives, such as the launch of the Threads app, which is viewed as a catalyst for future growth. These developments have further solidified financial institutions that Meta Platforms is a strong buy, with a promising outlook for its future performance.
META's Positive Outlook
META’s market capitalization stands at an impressive $858.8 billion, highlighting its prominence in the technology services sector. Despite a challenging year for the company, with a negative earnings growth of -38.26% in the previous year, META has shown resilience and is projected to experience a positive earnings growth of +40.43% this year. Looking ahead, the company is expected to maintain a steady earnings growth of +20.88% over the next five years.
In terms of revenue growth, META experienced a decline of -1.12% in the previous year. However, the company’s strong market position and potential for growth are evident from its financial indicators. META’s price-to-earnings (P/E) ratio stands at 30.1, indicating that investors are willing to pay a premium for the company’s future earnings. The price-to-sales ratio of 2.79 and price-to-book ratio of 6.95 further reflect the market’s positive sentiment towards META’s prospects.
Taking a broader perspective, META operates in the technology services sector, specifically in the internet software/services industry. As a leader in this industry, META has established its corporate headquarters in Menlo Park, California, a hub for technological innovation.
Despite challenges in the past, META is expected to experience significant earnings growth this year and maintain a steady growth trajectory over the next five years. As a prominent player in the technology services sector, META’s stock performance is influenced by broader market movements and sentiment. Investors and analysts will eagerly await the next reporting date to gain further insights into META’s financial performance and growth potential.
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META Buy only if this trend-line breaks.Meta Platforms (META) hit last week the top (Higher Highs trend-line) of the Ascending Triangle pattern after breaking the previous High (Resistance 1 at 330.00). This is so far the peak of the technical rally and we will buy only after 1D MA50 (blue trend-line) pull-back (1D RSI ideally on the Support Zone) or if the price closes a 1D candle above the Higher Highs trend-line first. In both cases, the bullish target will be 384.50. Until though the Higher Highs trend-line breaks, we will be selling, targeting 320.00.
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🤖 Meta's Latest Reveal: Advanced Generative AI
Meta has recently introduced two artificial intelligence models, Emu Video and Emu Edit. Emu Video specializes in generating brief 4-second videos from textual descriptions or initial images, while Emu Edit focuses on detailed image editing capabilities.
Meta explains that Emu Video uses a bifurcated approach, initially generating images from text, followed by stitching these into a seamless video.
Emu Edit, with its capabilities to modify backgrounds, change object colors, and introduce new elements, was developed using a specially created dataset of 10 million synthesized images.
"Unlike many generative AI models today, Emu Edit precisely follows instructions, ensuring that pixels in the input image unrelated to the instructions remain untouched," the company stated.
These new models are envisioned by developers as versatile tools for creativity, useful for artists, animators, and everyday users alike. However, at this stage, they represent an exploration of the possibilities in machine learning.
Price Momentum
META is trading near the top of its 52-week range and above its 200-day simple moving average.
What does this mean?
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
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Meta Stocks on the Rise! A Golden Opportunity for Traders!
As many of you may have already noticed, there has been a significant surge in Meta stock prices as Wall Street continues to invest more in this promising asset. In fact, Meta's stock price is approaching the impressive $340 mark, proving its momentum and potential for substantial growth.
Considering the present market conditions and the analysis of seasoned experts, it seems like there has never been a better time to long Meta stocks. The impressive rise and consistent bullish trend indicate that Meta stocks are poised for substantial gains in the foreseeable future.
By investing in Meta stocks now, you are positioning yourself to benefit from the tremendous growth opportunities that lie ahead. With Wall Street's increasing confidence in Meta stocks, it's crucial to seize this golden opportunity before it passes by.
I invite each one of you to carefully consider adding Meta stocks to your portfolio and capitalize on the remarkable financial prospects it offers. Remember, fortune favors the bold and those who dare to seize incredible opportunities.
Join the ranks of smart traders who have already recognized Meta stocks' value and growth potential.
In conclusion, Meta stocks have proven to be a powerful force in the financial market, with Wall Street's increasing investment further attesting to its potential. Don't miss out on this lucrative chance to grow your portfolio and achieve financial success.
Should you have any questions, or require further data regarding Meta stocks, please do not hesitate to comment below.
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META ~ Snapshot TA (Daily / Nov 2023)NASDAQ:META chart mapping/analysis.
Bullish consolidation higher within an ascending parallel channel (white).
Bull target(s)
Breakout above descending trend-line resistance (white dotted)
Overhead gap fill (~361.59)
Prev ATH + upper range of parallel channel (light blue) confluence resistance zone
Bear target(s)
Ascending trend-line support (green dotted)
Golden Fib Pocket
Lower range of ascending parallel channel (white)
50% Fib
Underlying gap fills (~214.11 / ~201.03 / ~183.78)
38.2% + gap fill (~201.03) confluence support zone
Amazon Partners With Meta For Shopping Via Instagram & Facebook.The initiative, which involves asking consumers to link their Amazon accounts to their social-media profiles, could make Meta more attractive to advertisers and let Amazon attract more shoppers from outside its web store.
The unprecedented partnership between the two companies also could help them fend off challenges from TikTok, which has launched a US e-commerce marketplace, as well as such Chinese upstarts and Temu and Shein.
US shoppers will see real-time pricing, delivery estimates and product details on select Amazon ads running on Facebook and Instagram, according to an Amazon spokesperson.
Amazon has been working to better target customers outside of its main app and marketplace. The company rolled out “Buy with Prime” last year as a way to generate logistics revenue from transactions made on other websites and enhance the value of Prime memberships.
Meta has struggled to make inroads in e-commerce. The company abandoned its Instagram shop tab, which let users find shoppable content on their feeds, and shut down live shopping features for Facebook and Instagram.
Technical Analysis
Price Momentum
META is trading near the top of its 52-week range and above its 200-day simple moving average.
What does this mean?
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
𝗔𝗺𝗮𝘇𝗼𝗻 𝗨𝗽𝗱𝗮𝘁𝗲: $AMZN Weekly. Huge bull setupOver 145 and should see a nice run to 170 resistance. Large accumulation pattern (inverse H&S) with an implied target ~$200 🤯
NASDAQ:QQQ $NQ_F TVC:NDQ NASDAQ:AAPL NASDAQ:MSFT NASDAQ:META NASDAQ:GOOG NASDAQ:TSLA NASDAQ:NVDA NASDAQ:SOX $ES_F AMEX:SPY SP:SPX TVC:DXY NASDAQ:TLT TVC:TNX CBOE:VIX #Stocks
𝗡𝗮𝘀𝗱𝗮𝗾 𝗨𝗽𝗱𝗮𝘁𝗲: $QQQ Daily. Bulls have the ball ... 4th test of the top TL. At some point will breakout and they just trapped a ton of bears and stopped out longs on false breakdown below 352. 200dma held nicely and nearly hit major support area at 338-40 📈
$NQ_F TVC:NDQ NASDAQ:AAPL NASDAQ:MSFT NASDAQ:AMZN NASDAQ:META NASDAQ:GOOG NASDAQ:TSLA NASDAQ:NVDA NASDAQ:SOX $ES_F AMEX:SPY SP:SPX TVC:DXY NASDAQ:TLT TVC:TNX CBOE:VIX #Stocks
buy meta in range of 315-325Meta was strong in last month correction, stock trading around lifetime high is considered as strong momentum stock.
higher high and higher low can be seen on daily chart , which makes it strong momentum stock.
Good to buy META at 315-325 range .
target expected 700-1000. in 1-2 year.
short term target 600
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