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Zuckerberg Shrugs Off Wall Street Fears and Pledges Up to $135B for AI
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PYMNTS.com
“Meta to Report Q4 Earnings Amid AI Spending Concerns” was typical.
In the meantime, Meta, is planning a huge jump in spending to build out its AI muscle.
Meta also says it plans to hire more researchers as it works on what it calls a “superintelligent” AI model.
He said sales of Meta’s glasses “more than tripled” last year and likened the moment to the industry shift from flip phones to smartphones.
In the quarter, Meta reported $59.9 billion in total revenue, including $58.9 billion from its Family of Apps business.