Meta's profits soar 59pc as AI investment plans drive market optimism

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Meta's profits soar 59pc as AI investment plans drive market optimism - Malay Mail

Quick Summary:

SAN FRANCISCO, Jan 30 — Social media giant Meta yesterday reported surging profits and revenue for 2024, announcing ambi...

CEO Mark Zuckerberg said he believed that Meta's AI powers would make it a world leader on the technology, even if he warned that delivering on the hefty investments needed would "take time".

The solid performance comes amid significant shifts in Meta's content policies intended to endear the company to US President Donald Trump.