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International Business Times
International Business Times
Business
AFP News

Meta Shows Strong Growth As AI Spending Surges

Meta's founder and chief executive Mark Zuckerberg has put most of his attention on the company's AI innovations (Credit: AFP)

Facebook owner Meta saw net income and revenues top expectations on Wednesday as the company said it would expand investments into artificial intelligence, drawing nervousness from investors.

The social media behemoth, which is also the parent company of Instagram and WhatsApp, said net profit in the third quarter was $15.7 billion -- up 35 percent on the same period last year.

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