AI Newswire (Page 154)

MENLO PARK, Calif., Feb. 1, 2024 /PRNewswire/ -- Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter and full year ended December 31, 2023. "We had a good quarter as our community and business continue to grow," said Mark Zuckerberg, Meta founder and CEO. "We've made a lot of progress on our vision for advancing AI and the metaverse." Fourth Quarter and Full Year 2023 Financial Highlights Three Months Ended December 31, % Change Twelve Months Ended December 31, % Change In millions, except percentages and per share amounts 2023 2022 2023 2022 Revenue $ 40,111 $ 32,165 25 % $ 134,902 $ 116,609 16 % Costs and expenses 23,727 25,766 (8) % 88,151 87,665 1 % Income from operations $ 16,384 $ 6,399 156 % $ 46,751 $ 28,944 62 % Operating margin 41 % 20 % 35 % 25 % Provision for income taxes $ 2,791 $ 1,497 86 % $ 8,330 $ 5,619 48 % Effective tax rate 17 % 24 % 18 % 19 % Net income $ 14,017 $ 4,652 201 % $ 39,098 $ 23,200 69 % Diluted earnings per share (EPS) $ 5.33 $ 1.76 203 % $ 14.87 $ 8.59 73 % Fourth Quarter and Full Year 2023 Operational and Other Financial Highlights Family daily active people (DAP) – DAP was 3.19 billion on average for December 2023, an increase of 8% year-over-year. Family monthly active people (MAP) – MAP was 3.98 billion as of December 31, 2023, an increase of 6% year-over-year.

Forming a joint fund with the globally renowned VC, Bow Capital Focusing on early-stage tech startups in the field of AI, Web3, Digital Transformation (DT), healthcare Holds significance in attracting external LPs... leaping into an independent VC and enhancing investment expertise SEOUL, South Korea, Feb. 1, 2024 /PRNewswire/ -- SK Networks, through its US affiliate, which has expanded direct and indirect investments in early-stage companies home and abroad, harnessing its global network and investment management processes, has successfully attracted external limited partners (LPs), a rare move in the world of corporate venture capital (CVC). This was done through a joint fund formed in partnership with Bow Capital, a globally influential venture investment firm.

New funding propels Cohere's expansion of intelligent prior authorization platform to drive better payer-provider collaboration, following CMS Interoperability and Prior Authorization Final Rule BOSTON, Feb. 1, 2024 /PRNewswire/ -- Cohere Health, a recognized leader in clinical intelligence and prior authorization automation, announced it has closed $50 million in additional equity funding. The funding was led by Deerfield Management, with participation from Define Ventures, Flare Capital Partners, Longitude Capital, and Polaris Partners, and brings the total raised by Cohere to $106 million.

NEW YORK, Feb. 1, 2024 /PRNewswire/ -- Established technology awards body The Cloud Awards has launched two more awards programs this week: The A.I. Awards and The FinTech Awards.

Her New Company Will Help Organizations Navigate the Era of Spatial Computing & AI With Custom Solutions and Proprietary Tech Offerings NEW YORK, Feb. 1, 2024 /PRNewswire/ -- On the eve of the launch of the Apple Vision Pro, tech & gaming executive Cathy Hackl is set to launch her new company, Spatial Dynamics. Spatial Dynamics is a spatial computing and AI solutions company launching in February 2024.

Group announces inaugural session as well as its charter -- to advance the use of GenAI in life sciences R&D BOSTON, Feb. 1, 2024 /PRNewswire/ -- ArisGlobal, a leading innovative life sciences technology company and creator of LifeSphere®, today announced the formal charter for the new GenAI Council, which will sit for the first time this month. The global Council is a small and exclusive top-tier group of AI tech, academia, regulatory agency leaders, and life sciences (pharma) industry, including Microsoft.

The migration enabled CHS to bring its data into one centralized view and apply Google Cloud gen AI capabilities to help drive administrative efficiencies and improve patient experiences SUNNYVALE, Calif. and FRANKLIN, Tenn., Jan. 31, 2024 /PRNewswire/ -- Community Health Systems, Inc. (NYSE: CYH), one of the nation's leading healthcare companies, and Google Cloud today announced that CHS has completed migration to a Fast Healthcare Interoperability Resources 1 (FHIR)-based clinical data platform and is now implementing new generative AI (gen AI) innovations using Google Cloud technologies. Community Health Systems centralized its data and is using Google Cloud AI to drive efficiencies and improve experiences The FHIR standard defines how healthcare information can be exchanged between different computer systems regardless of how it is stored in those systems.

ICF to Deliver Cloud Modernized Kidney Data Reporting System RESTON, Va., Jan. 30, 2024 /PRNewswire/ -- The U.S. Department of Health and Human Services (HHS) recently awarded global consulting and technology services provider ICF (NASDAQ:ICFI) a $33 million recompete contract to continue the modernization of the Centers for Medicare and Medicaid (CMS) system for kidney dialysis data.

DUBLIN, Jan. 30, 2024 /PRNewswire/ -- The "Edge Analytics Market - Global Industry Size, Share, Trends, Opportunities and Forecast, 2018-2028" report has been added to ResearchAndMarkets.com's offering. The Edge Analytics Market is thriving on account of the increasing need for real-time insights with growing surge for network devices in private sector.

DUBLIN, Jan. 30, 2024 /PRNewswire/ -- The "United Arab Emirates Conversational Commerce Market Intelligence and Future Growth Dynamics Databook - 75+ KPIs on Conversational Commerce Trends by End-Use Sectors, Operational KPIs, Product Offering, and Spend By Application - Q2 2023 Update" report has been added to ResearchAndMarkets.com's offering. Conversational commerce industry in United Arab Emirates is expected to grow by 23.0% on annual basis to reach US$7.2 billion in 2023.