Meta shows strong growth as AI spending surges
Thursday, 31 October 2024
San Francisco (AFP) Oct 30, 2024Facebook owner Meta saw net income and revenues top expectations on Wednesday as the company said it would expand investments into artificial intelligence, drawing nervousness from investors. The social media behemoth, which is also the parent company of Instagram and WhatsApp, said net profit in the third quarter was $15.7 billion - up 35 percent on the same period last year. Revenues
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