Quarterly figures: Meta invests at least $135 billion in AI
Facebook founder Mark Zuckerberg is having the Meta group invest huge sums in AI infrastructure. The money for this is supposed to come from the booming advertising business.
Meta will invest at least $135 billion this year to expand its AI infrastructure, an increase of $5 billion from its previous forecast. The company, led by Mark Zuckerberg, is aggressively building out its data centers in competition with leaders like OpenAI, developer of ChatGPT. Meta's revenue rose 26% to $64.6 billion in the last quarter, driven by its strong advertising business, and the company reported a profit of $9.86 billion.
At least 3.64 billion users accessed a Meta app in the period, up from 3.6 billion three months earlier.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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- Facebook: Meta invests at least $135 billion in AI handelsblatt.com
