At the White House dinner, Zuckerberg said Meta plans to spend “something like at least $600B” through 2028 on data centers and other infrastructure in the US
but good: if he wants to waste this much money on AI this will probably bankrupt his wretched company. time it went away, anyway. — just a pity about the pollution it will cause... [embedded post]
Mark Zuckerberg says spending heavily on AI infrastructure is a “strategic advantage” and vows Meta will invest “hundreds of billions” in AI over the long term
Wall Street breathes a sigh of relief X: Tae Kim / @firstadopter : For Zuckerberg to come out guns ablazing saying he expects Llama 4 to be the best AI model in the world when it comes out, if true, m...
Mark Zuckerberg says Meta is planning to invest $60B to $65B in capex in 2025, will end the year with 1.3M+ GPUs, and plans to grow its AI teams “significantly”
Market: WE LOVE AI, DO AI THING — META: Sure thing, ploughing $40bn into capex this year — Market: wait not like that — First time we've seen a negative market reaction to the reality of AI unit...
Meta says Facebook surpassed 3B MAUs for the first time, increasing 3% YoY as of June 30, 2023, while family monthly active people grew 6% YoY to 3.88B
IG, WA, FB, Mssgr — every month literally, not figuratively Sar Haribhakti / @sarthakgh : “There are now more than 3.8 billion people who use at least one of our apps every month.” - Zuck About time t...
Meta says time spent on Instagram grew 24%+ since Reels launched thanks to AI recommendations, and expects Reels to be revenue-neutral by year end or early 2024
> stories —> reels (Currently we are in reels engaging like crazy but making less $$$) Mike Swift / @swiftstories : Reels #AI recommendations have driven a more than 24% increase in time spent on Inst...