Meta's Q2 Earnings: Record Revenue and Ambitious KI Investments
Meta Reports Strong Financial Performance
Meta, the parent company of Facebook, Instagram, and WhatsApp, has reported a strong second quarter of 2024. The company's revenue reached a record high of $135 billion, with earnings per share doubling year-over-year.
AI Ambitions Fuel Investment
Meta is planning to invest up to $45 billion in artificial intelligence (AI) over the next year, as part of its strategy to become a leader in the field.
Zuckerberg's Optimism
Meta CEO Mark Zuckerberg has expressed optimism about the company's future in AI. He believes that Meta can utilize its vast data and technological resources to develop cutting-edge AI applications.
Higher Costs Ahead
While Meta has reported strong financial results, the company has also acknowledged that it expects higher operating expenses in the future, primarily driven by its AI investments.
Quarterly Highlights
According to Meta, its quarterly investment expenditures are projected to increase significantly in 2024. Meta AI, a company-owned research laboratory, is aiming to create the world's most advanced AI platform.
Komentar