The world's biggest social media company has announced plans to lead the world in artificial intelligence, with Meta revealing it will launch several AI products in Australia this year.
The tech giant made the announcement during its quarterly earnings call on Friday, in which chief executive Mark Zuckerberg discussed plans to deliver "a world-class AI assistant" and take on competitors such as Microsoft and Google.
But its AI ambitions will cost the company behind Facebook a substantial sum, with Meta revealing it expected higher expenses for infrastructure and bigger losses for its augmented and virtual reality services.
