Meta profits soar but costs of AI cause worry
The company founded by Mark Zuckerberg said that net profit in the January to March period rose to $12.4 billion with total revenue, mainly from selling ads, up an impressive 27 percent, at $36.5 billion. "We estimate that more than 3.2 billion people use at least one of our apps each day and we're seeing healthy growth in the US," Zuckerberg, who is also CEO, told analysts on an investor call. According to analyst Debra Williamson of Sonata Insights, Meta's growth is due in particular to its sophisticated... Читать дальше...