The future of Meta, Zuckerberg’s billion-dollar company, boils down to artificial intelligence, artificial intelligence, and more artificial intelligence
According to Meta’s financial report for the second quarter of 2024, the company earned a revenue of 39.07 billion dollars, which has increased by 22% compared to last year. Also, the net profit of this company reached 13.47 billion dollars, which shows a 73% increase compared to last year. Also, the average number of daily active users (DAP) of Meta has reached 3.27 billion people, which has increased by 7% compared to last year.
Susan LeeMeta’s CFO, emphasized in a call with investors that the financial return on recent investments in artificial intelligence will be achieved over a longer period of time. Mark ZuckerbergMeta’s CEO was forthright about why Nvidia is investing billions of dollars in hardware and other infrastructure to produce the company’s various kinds of artificial intelligence: “It’s hard to predict what’s going to happen over the next several generations, but right now, I’d rather take the risk of building capacity before it’s needed than too much.” Be late.”
Zuckerberg once again announced that the artificial intelligence assistant Meta will become the most used artificial intelligence assistant in the world by the end of the year. He describes generative AI as an important factor driving engagement across all Meta products, and believes the company’s AI revenue will come from its commercial use to create ads and allow businesses to use AI on its platforms.
Meta is preparing its infrastructure to train Llama 4, which Zuckerberg wants to be the most advanced in the industry when it launches next year. This model requires almost 10 times more calculations than the Llama 3.1 model. After the initial success of the Meta Ray-Bans smart glasses, Zuckerberg is excited to build future generations of AI glasses.
Meta’s business continues to print money even with heavy investment in AI, which is good news for Meta; Because unlike almost all companies and startups in the field of artificial intelligence, this company earns a lot of income from its other activities; Therefore, it can gamble more than others on the future of this industry.
