Reported 1 day ago
Meta is scheduled to announce its second-quarter earnings, revealing an EPS of $5.89 on $44.83 billion in revenue, reflecting significant investments in artificial intelligence. The company has been ramping up AI-related hires and expenditures, including a $14.3 billion investment in Scale AI and the establishment of a Superintelligence Lab, led by former OpenAI researcher Shengjia Zhao. Additionally, Meta is exploring the smart glasses market as a potential revenue source, all while enhancing its advertising effectiveness through AI technologies.
Source: YAHOO