Zuckerberg goes all in on AI | Best Generative ai Certification Microsoft | Generative ai Google | Microsoft Generative ai Tools | Turtles AI

 Meta: Second Quarter Results and Bets on Artificial Intelligence

 Key Points
- Revenue growth: Meta reported revenues of $39 billion, up 22% from the previous year.
- Profit growth: Profits increased 73% to $13.5 billion.
- Investment in AI: Significant investment in Nvidia hardware and infrastructure for the development of artificial intelligence.
- Future innovations: Preparations for the launch of Llama 4, a next-generation AI model that will require 10 times the computing power of its predecessor.

In the second quarter of 2024, Meta continued to demonstrate solid growth, with revenues surpassing $39 billion, up 22 percent from the same period in the previous year. This success was accompanied by a significant increase in profits, which reached $13.5 billion, up 73 percent from the previous year.

One of Meta’s main strategies is massive investment in AI. During the recent conference call, CFO Susan Li reiterated that the financial benefits of these investments will materialize in the long run. Mark Zuckerberg stressed the importance of anticipating future needs by investing in advanced hardware such as Nvidia chips, and announced that the Meta AI assistant could become the most widely used in the world by the end of the year.

Meta is already working on Llama 4, an AI model that is expected to become the most advanced in the industry when it is launched next year. This new model will require significantly more computing power than Llama 3.1, a sign of the company’s continued technological evolution.

On the product front, Zuckerberg expressed enthusiasm for the development of new generations of AI glasses, in collaboration with EssilorLuxottica, although he did not provide specific details on any investments. In addition, sales of the Quest 3 visor are exceeding expectations, with a cheaper version expected to be announced at the upcoming Connect conference in September.

Meta also reported that Threads, the new social media platform, is about to reach 200 million monthly users, showing rapid growth after hitting 175 million in early July. Facebook is also seeing a resurgence in popularity among young adults in the United States, challenging public perceptions about the use of the platform.

In summary, Meta continues to make great strides in both revenue and technological innovation, with a particular focus on AI and its practical application in enterprise products. As the company navigates the challenges and opportunities of the future, investors and market observers remain alert to the progress and new initiatives Meta will introduce in the coming quarters.