Facebook owner Meta warns of worsening AI losses after sales narrowly beat

Quick Summary:

Its Reality Labs unit, which develops augmented and virtual reality technologies, posts US$4.4 billion in third quarter.

But it has also come with a steep cost.“Our AI investments continue to require serious infrastructure and I expect to continue investing significantly there,” Mr Zuckerberg said.

The company also recently unveiled its first pair of augmented reality glasses, which can project images onto the physical world.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Core Labs Glasses Billion Reality Continue Zuckerberg 2024 Meta Augmented Technologies

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 09:50:00 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 561 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 23344617

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