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Originally published by Capital Businessbusiness
July 31, 2025
1mo ago
Meta profits surge helps drive Zuckerberg’s AI ambitions

JULY 31 - Social media giant Meta Platforms says its profits soared and it is pumping billions of dollars more into artificial intelligence (AI) Kenya breaking news | Kenya news today |..
✨ Key Highlights
Meta Platforms announced a significant surge in profits, largely driven by its intensified investment in ambitious AI projects, signaling a new strategic direction for the social media giant. This financial boost is enabling Meta to pump billions more into artificial intelligence development.
- Meta's profits jumped by 36% to $18.3 billion, with revenue rising 22% to $47.5 billion for Q2 2024.
- Mark Zuckerberg, chief executive of Meta, is spearheading the company's aggressive push into AI, including plans for "AI Superintelligence."
- Expenses are up 12% to $27 billion as Meta invests heavily in AI infrastructure and talent, reportedly offering $100 million pay packages to top AI professionals.
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