Meta conveniently trump Wall Street estimates in Q2 2024, but it notified financiers that it remains to shed billions on its own “Reality Labs” department, and also included that the business assumes to invest much more upcoming year as it creates out its own expert system department.
“We currently expect significant capital expenditures growth in 2025 as we invest to support our artificial intelligence research and product development efforts,” the business recorded its own incomes record. It likewise portended “an active regulatory landscape, including the increasing legal and regulatory headwinds in the EU and the U.S. that could significantly impact our business and our financial results.”
“We had a strong quarter, and Meta AI is on track to be the most used AI assistant in the world by the end of the year,” claimed Sign Zuckerberg, Meta owner and also chief executive officer.“We’ve released the first frontier-level open source AI model, we continue to see good traction with our Ray-Ban Meta AI glasses, and we’re driving good growth across our apps.”
The business disclosed income $39.1 billion and also income of $13.5 billion in Q2, both up dual fingers coming from a year earlier.
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