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Originally published by Capital Business
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business
July 31, 2025
1mo ago

Meta profits surge helps drive Zuckerberg’s AI ambitions

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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Meta profits surge helps drive Zuckerberg’s AI ambitions