Meta's top AI scientist, Yann LeCun, said there was a "major misunderstanding" about how billions in AI investment will be used.
Revenue grows to $48.4 billion, helping fuel the chief executive’s bets on augmented reality and artificial intelligence.
Meta Platforms shares posted their longest streak of daily gains in almost a decade, with its latest earnings report adding to investor confidence about its strategy with artificial intelligence (AI).
Meta reported record quarterly revenue and net profit for Q4 2024 as it looks to massively boost spending on AI in 2025.
Meta Platforms (NASDAQ: META) stock rose as firms raised price targets & company reported strong Q4 sales. Analysts see potential in AI & new services.
Privacy experts note that Meta ‘s approach to AI memory includes robust security measures to protect user data. The company has implemented encryption protocols and data retention policies that comply with global privacy regulations, including GDPR and CCPA.
Meta's earnings call is today at 5 pm ET. META stock heads into the report up 15% YTD. Analysts are focused on AI monetization efforts and DeepSeek.
Microsoft alone is projecting $80 billion of infrastructure spend for data centers in 2025; meanwhile, OpenAI, Oracle and SoftBank are leading the newly announced Stargate initiative under President Trump — a project aiming to invest $500 billion into AI frameworks over the coming years.
The tech giants are keeping capital spending plans in line as DeepSeek raises questions about future computing needs.