Meta's impressive $13.5 billion profit sparks a 7% surge in shares. CEO Zuckerberg outlines plans for Meta AI as a top assistant by 2023. Despite disappointing results from other tech giants, Meta's strategic focus on data centers and open-source AI accelerates research progress.
The company's positive earnings report, coupled with warnings of significant spending expansion, reflect a complex financial outlook. Wall Street closely monitors Meta's AI investments and promotion of open-source models.
Analysts raise price targets, citing massive AI investments and growth in global active users. However, Bitcoin Miner Marathon faces challenges as its revenue misses estimates.
Zuckerberg highlights Meta's future roadmap, including Threads social app and upcoming AI products. Meta's ambitious plans for its next-generation Llama 4 AI model involve significant compute resources and partnerships with key tech firms.
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