Facebook, Inc. (NASDAQ:FB) Testing Artificial Intelligence-Powered Service; To Deliver Users A …

Shares of Facebook, Inc. (NASDAQ:FB) [Detail Analytic Report] increased over 2.45% in early trading session on Thursday as Facebook is the latest firm to deliver users a virtual assistant service. Facebook is testing the artificial intelligence-powered service, named simply M, inside its messaging app, Messenger, with some users. David Marcus, the head of messaging products of the firm stated in a Facebook post that M can do things like purchase items for you, get gifts provided and book restaurant reservations or appointments. Marcus stated that M aims to do more than further digital assistants on the market by completing tasks on behalf of the user. With over 700 million users, Messenger is one of the most popular messaging apps in the world.

On the other hand, Facebook unveiled that it was launching a new standalone app called Moments which would allow users to share photos privately. Syncing photos with the Moments app is a private technique to give photos to friends and get the photos you want. Facebook reported in a release that Moments group the photos on your phone based on when they were taken and, using facial recognition technology, which friends are in them. The app also has the capability to create beautiful movie compilations of best photos, synchronized to music that the user can quickly customize and share with friends. The app was developed in the Facebook Creative Labs and is accessible for download on iOS and Android platforms.

Workday, Inc. (NYSE:WDAY) [Detail Analytic Report] declared its fiscal Q2 loss of $69.4 million. On a per-share basis, the firm announced that it had a loss of 37 cents a share. Earnings, revised for stock option expenditure and amortization costs, came in 2 cents a share. The results surpassed Wall Street outlooks. The average estimate of experts polled by Zacks Investment Research was for a loss of 6 cents a share. The firm reported its revenue of $282.7 million in the quarter, also beating Street predictions. According to analysts polled by Zacks anticipated $274 million. Shares of Workday have plunged 12% since the starting of the year. Aneel Bhusri, co-founder and CEO of Workday stated that they had a great Q2, and they’re proud to share that they’ve crossed the 1,000-customer landmark. They saw strong sales traction for growth initiatives including financial management, education and government industry solutions, and European extension. They also sustained their rapid product innovation with the declaration of Workday Planning, a new application that will round out their financial suite and bring budgeting, planning, and forecasting capabilities into the firm.

21Vianet Group, Inc. (NASDAQ:VNET) [Detail Analytic Report] proclaimed that BOD of the firm has appointed Sean Shao as an independent director, effective on August 24, 2015. Shao will also work as a member and the chairman of the Audit Committee of the Board. Josh Chen, Founder, Chairman and CEO of the firm stated that they are pleased to enhance their Board with the selection of Shao, a highly seasoned finance veteran with wide board level experience. The selection of Shao adds substantial financial expertise to the board and reflects their ongoing commitment to strengthen their corporate governance practice. Terry Wang, the chief financial officer of the Firm, has resigned as a director of the board, a member of the Compensation Committee and chair of the Audit Committee. Kenneth Chung-Hou Tai, who has worked as an independent director since October 2012, will replace Wang as a member of the Compensation Committee.

Source: Facebook, Inc. (NASDAQ:FB) Testing Artificial Intelligence-Powered Service; To Deliver Users A …

Via: Google Alerts for AI

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