Even Mark Zuckerberg Seems Surprised By Metas Pace Of Spending On AI
“i think there’s a lot of upside” to improving. Zuckerberg has bet big on a. i. Before raising the annual spending forecast on wednesday, his company had already upped it in april to $35 billion to $40 billion,. Zuckerberg, meta’s chief executive and founder, was eager to show that investments in ai were bearing fruit during an earnings call with analysts on wednesday,. In the third quarter of 2024, meta’s revenue climbed to $40. 59 billion, exceeding analyst expectations of $40. 25 billion.
“we had a strong quarter, and meta ai is on track to be the most used ai assistant in the world by the end of the year,” said ceo mark zuckerberg in a statement. Mark zuckerberg, meta’s chief executive, started 2023 by declaring it the “year of efficiency. ” like several of its big tech peers, meta cut jobs and mothballed expansion plans.