2024-10-31 09:37:59.AIbase.12.9k
Zuckerberg Reveals Meta's Increased Investment in AI, Revenue Exceeds Expectations
During the recent earnings report, Meta CEO Mark Zuckerberg stated that the company's investment in artificial intelligence (AI) is showing 'strong momentum.' Despite Meta's quarterly revenue and profit exceeding Wall Street's expectations, Zuckerberg anticipates that the company's AI spending will increase further next year. Although Meta's stock has risen over 70% in 2024, reaching a new high, the stock price fell about 3% in after-hours trading following the earnings report.
