Meta Platforms profits surge helps fuel Zuckerberg’s AI ambitions
Source: BBC
Social media giant Meta Platforms has says its have profits soared and is pumping billions of dollars more into artificial intelligence (AI) projects.The firm - which owns Facebook, Instagram and WhatsApp - says revenue for the three months to the end of June rose 22% from the same period last year to $47.5bn (£35.86bn), while profits jumped by 36% to $18.3bn.At the same time expenses are also rising - up 12% to…
This is aggregated or syndicated coverage. Reporting and media belong to the original publisher.
Read the original source at BBC