Meta’s Profits More Than Double, While Spending on A.I. Rises

Meta’s Profits More Than Double, While Spending on A.I. Rises

The New York Times-Tech·2024-04-25 06:02

Meta on Wednesday reported a 27 percent increase in revenue and profit that more than doubled in the first quarter, as the company said it planned to spend billions of dollars more than expected on infrastructure to support its artificial intelligence efforts.

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