Meta Platforms reported better than expected quarterly results, with revenue hitting the high end of guidance due to a 22% increase in advertising dollars. Despite concerns about aggressive AI spending, investments in AI, the metaverse, and virtual reality are expected to pay off in the long term.
Shares of Meta Platforms rose 7% in after-hours trading following the quarterly results. Zuckerberg explained the benefits of AI investments in improving recommendation systems and monetization efficiency, showcasing positive returns on core AI investments despite concerns.
[
Collection
]
[
|
...
]