2024-08-01 09:00:08
Artificial Intelligence
Technology
Social Media

Meta's AI Future: Zuckerberg's Vision and Investment

Meta, the parent company of Facebook, Instagram, and WhatsApp, achieved billions in revenue through its advertising business and is investing in AI infrastructure and chatbots. The European Commission has opened proceedings due to addiction potential, while the NRW consumer advice center has issued a warning.

Threads has reached 200 million users, and Qualcomm is also focusing on AI in smartphones. Meta plans to increase computing power for its next AI model, Llama-4, by ten times and is a major customer of Nvidia.

The AI infrastructure will be used for personalization of video selection and improvement over TikTok. With 3.2 billion daily users and an operating profit of $19.3 billion, Meta's stock rose by over 7% after the quarterly figures were released.

Despite high expenses for AI applications and losses in Reality Labs, Meta achieved a profit of $13.5 billion in the second quarter. Mark Zuckerberg aims to make Meta the most used AI assistant in the world by the end of the year.

Meta's CFO, Susan Li, discussed plans to expand data center projects and boost AI model training capabilities, anticipating increased capital expenditures.

Tagesschau - Wirtschaft und Börsen-Nachrichten
1. August 2024 um 07:30

Facebook Group Zuckerberg raves about AI future at Meta

Economy
Technology
Finance
Meta achieves billions in revenue through its advertising business; invests in AI infrastructure and chatbot that is expected to be leading by the end of 2024; the European Commission opens proceedings due to addiction potential; the NRW consumer advice center issues a warning; Threads reaches 200 million users; Qualcomm also focuses on AI in smartphones; Meta plans ten times more computing power for its next AI model Llama-4 and is a major customer of Nvidia; the AI infrastructure is also to..
AFP
1. August 2024 um 06:29

Meta significantly increases quarterly profit despite spending on AI

Economy
Technology
Finance
Meta, the parent company of Facebook, Instagram and Whatsapp, achieved a high profit of $13.5 billion in the 2nd quarter despite high expenses for AI applications and losses in the Reality Labs division.
TechCrunch
1. August 2024 um 07:53

Zuckerberg says Meta will need 10x more computing power to train Llama 4 than Llama 3

Technology
Economy
Finance
Mark Zuckerberg stated that Meta will require 10x more compute power to train Llama 4 compared to Llama 3, emphasizing the need to enhance model training capacity. Meta aims to stay ahead of competitors by investing in computing resources for future models. The company recently launched Llama 3.1 405B with 405 billion parameters, its largest open-source model. Meta's CFO, Susan Li, discussed plans to expand data center projects and boost AI model training capabilities, anticipating increased c..
heise online
1. August 2024 um 02:31

Meta Platforms se beneficia de más y más cara publicidad, supera las expectativas | heise online

Finanzas
Tecnología
Meta Platforms registra un aumento significativo de los ingresos y las ganancias gracias a una mayor y más costosa publicidad. Sin embargo, el Metaverso y las funciones de IA consumen altos costos de servidores e infraestructura. A pesar de un crecimiento moderado de los usuarios, Meta supera las expectativas y ofrece una perspectiva positiva.
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