But despite bringing in record revenue bolstered by its core ad business, the tech giant’s ambitious plans to significantly ramp up its spending on A.I. bets—many of which have yet to directly pay off ...
The social media giant Meta plans to inject large sums from its booming advertising revenue into artificial intelligence (AI) and virtual worlds, according to its financial report published on ...
Facebook owner Meta Platforms on Wednesday warned of "significant acceleration" in artificial intelligence-related infrastructure expenses next year, while beating analysts' estimates for ...
Meta said it expects to see greater operating losses in its Reality Labs business for 2024, due to ongoing product development and investments to further grow its ecosystem. "We continue to expect ...