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.

heise online
1. August 2024 um 02:31

Meta Platforms benefits from more and more expensive advertising, exceeds expectations | heise online

Economy
Technology
Meta Platforms is seeing significant increases in sales and profits due to more and more expensive advertising. However, the Metaverse and AI functions are consuming high costs for servers and infrastructure. Despite moderate user growth, Meta exceeds expectations and provides a positive outlook.
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.
Tagesschau - Wirtschaft und Börsen-Nachrichten
1. August 2024 um 07:30

Facebook Group Zuckerberg Raves About AI Future at Meta

Economy
Technology
Finance
Meta generates billions in revenue through its advertising business; invests in AI infrastructure and chatbots; the European Commission opens proceedings due to the addictive potential; the North Rhine-Westphalia Consumer Advice Center warns Meta; Threads reaches 200 million users; Qualcomm also focuses on AI in smartphones.
TechCrunch
1. August 2024 um 07:53

Zuckerberg dice que Meta necesitará 10 veces más capacidad de cómputo para entrenar a Llama 4 que a Llama 3

Tecnología
Finanzas
Finanzas
Mark Zuckerberg declaró que Meta requerirá 10 veces más capacidad de cómputo para entrenar a Llama 4 en comparación con Llama 3, enfatizando la necesidad de mejorar la capacidad de entrenamiento de modelos. Meta tiene como objetivo mantenerse a la vanguardia de sus competidores al invertir en recursos informáticos para modelos futuros.
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