Thu, 31 Jul 2025

Thu, 31 Jul 2025 Meta profits surge helps drive Zuckerberg’s AI ambitions

The Facebook, Instagram and WhatsApp-owner is pumping billions of dollars into artificial intelligence projects.
- Meta's revenue rose by 22% to $47.5 billion in the quarter ending June. - Profits jumped by 36% to $18.3 billion, while expenses increased by 12% to $27 billion. - The company is investing heavily in artificial intelligence (AI) projects, with Mark Zuckerberg aiming for "AI Superintelligence" and "personal superintelligence". - Meta has offered $100 million pay packages to top AI talent and spent over $14 billion on a stake in AI firm ScaleAI. - The company's spending on AI projects has raised concerns among some analysts who are eager to see returns.
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