Fung Kong CEO Mark Zuckerberg delivered a keynote speech at the Meta Connect annual event for the Meta Connect annual event on September 25, 2024, in Menlo Park, California.
Orbegozo Manuel | Reuters
Yuan CEO Mark Zuckerberg plans to continue his company’s AI continues to blitz next year as rival tech giants do the same.
Zuckerberg is on Wednesday Second quarter revenue Calling for rapid advancement of AI provides a lot of information for Meta’s recent business decisions, including the company’s $14.3 billion in June invest Enter the data storage startup scale AI as part of Modified AI strategy Involved a wave of highly-watched employees.
The rapid advancement of AI ensures that Meta has the “absolute and most elite talent group” to get the resources needed from the leading “leading” calculate Zuckerberg said of the AI superintelligence team he assembled for the company this summer.
“When we adopt a technology, we are good at driving this through all the apps and advertising systems,” Zuckerberg said. “No other company does something like we do and bring it to billions of people.”
However, these AI efforts come at a price.
Meta said on Wednesday it expects its total expenses in 2025 to be in the range of $114 billion and $118 billion, with the low end of its outlook between $113 billion and $118 billion. While Meta is still planning next year, the company said its AI plan will “result in 2026 year-on-year growth than in 2025 expense growth.”
Other tech giants are also spending a lot of money on AI projects and talents.
letter Said last week Income Report It is raising its 2025 capital expenditure forecast to $85 billion, $10 billion higher than previous forecasts. Microsoft Wednesday said it was the fourth meeting Capital expenditure to be $30 billionBefore analysts expect $24.23 billion.
Currently, investors can accept large AI investments from Meta, and the company’s stock has grown nearly 12% in after-hours trading on Wednesday. It helps Report Strong second-quarter earnings were successful at the top and bottom, while providing sales guidance for the third quarter, the highest expectations Wall Street expected.
Zuckerberg said AI has improved efficiency and improvements in our advertising system, which may also reassure worried investors that Meta’s large AI spending is leading to some direct results.
Although the company’s real laboratory unit continued to bleed, it posted operational losses $4.53 billion in the second quarter,surprise Ray Yuanyuan Smart Glasses It seems that investors’ dissatisfaction has been temporarily calmed.
“I continue to think glasses will basically be the ideal form of AI because you can let AI see what you see throughout the day, hear your voice, talk to you,” Zuckerberg said. “Once you show a display in it, whether it’s a wide holographic field of view like the kind of we showed together at Orion, or just a smaller display, which may be beneficial for displaying some information, they can unlock a lot of value that you can interact with the AI system throughout the day.”
watch: I like Meta as stock, don’t like it, I like Google more.
