San Francisco, Jan 29, 2025 (AFP) - Meta beats estimates as AI investments surge

NAMPA / AFP

2025-01-30

Social media giant Meta on Wednesday reported surging profits and revenue for 2024, confirming plans for substantial investments in artificial intelligence infrastructure for the year ahead. The parent company of Facebook, Instagram, and WhatsApp saw its net income soar 59 percent to $62.36 billion for the full year 2024, while fourth-quarter profits jumped 49 percent to $20.84 billion, a statement said. arp/bjt ...

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