so i just found out that meta is still going all in on ai, and i'm not sure how to feel about it. they just reported a record-breaking revenue of $60.80 billion, which is a 28% increase from last year, but their shares are actually down by 10%. it's pretty weird to see them bragging about their ai investments when it seems like their spending is getting a bit out of control.



apparently, meta's free cash flow has decreased by 91% compared to last year, which is a huge drop. they had $784 million left over at the end of the quarter, but that's nothing compared to the $8.55 billion they had last year. it seems like most of that money went into building out their ai infrastructure and reality labs, which is their vr and ar division. i'm not sure what to make of it, but it's definitely interesting to see them pouring so much money into these areas.



meta's ceo, mark zuckerberg, is still super optimistic about their ai investments, though. he claims that they're using ai to improve their advertising systems, which is apparently working really well. they made $59 billion in revenue from advertising this quarter, which is a huge chunk of their total revenue. zuckerberg thinks that their ai investments are paying off, and he's even talking about selling compute services to businesses, which could be a big opportunity for them.



one thing that's kinda crazy is that meta is predicting they'll spend between $130 billion and $145 billion on ai infrastructure this year alone. that's an insane amount of money, and i'm not sure if it's sustainable in the long term. zuckerberg says they're going to keep investing aggressively in ai infrastructure to meet theRead more: Full article on www.pcgamer.com

What do you think about this?