Metastock reached records after reporting quarter income

Method Reported $ 47.52 billion income for its second quarter ending on Wednesday, which is 22 % and more than the year .8 44.8 billion Analysts expected. On Thursday, Meta Stock reached one Record high Of $ 784.75, leaving the previous record behind 8 738.09 Arrived on June 30.

Mark Zuckerberg, CEO of Meta described on one Call on Wednesday with analysts In the quarter, this growth was due to the use of meta -AI technology, which could lead to maximum advertising revenue to the company.

Nicola Mandelson, head of the Global Business Group in Meta, echoed Zuckerberg’s remarks. A Post LinkedIn On Wednesday, Mandelson wrote that the quarter’s “strong performance was widely operated by AI, which unloaded maximum performance and benefits to our ADS system.”

Related: Mark Zuckerberg uses an easy but powerful formula to keep Facebook related – how it works

At the time of writing, Meta’s Market Value was 9 1.96 trillionAbout 11.5 % of Thursday morning.

There were auxiliary glasses in the increase in meta. Meta released the Ray Ben Meta Frames in October 2023 in partnership with the IWare Company Eselurloxotica. This device allows users to take photos, interact with Meta AI and call. Glasses have been sold More than 20 million pairs since the launchWith, with asylorloxotica Revealed in his income report Earlier this week, the sales of more than three times the first half of the year increased threefold in the first half of the year compared to the same time last year.

The unexpected success of Ray Ben Metas indicated Meta this time to launch another pair, this time Contribute with OkleyThe previous month

Related: Mark Zuckerberg revealed his vision for smart glasses at Meta Connect – and includes hologram: ‘a big thing start’

During the second quarter income call of Meta, Zuckerberg predicts that smart glasses will replace other gadgets as a “primary computing device”, which interacts with consumers.

“I keep thinking that glasses are basically the ideal form factor for AI,” Zuckerberg Said on the call.

^{Mark Zuckerberg, CEO of Meta, is wearing ray meta glasses. Gilbert Flores/Different types of photo by getting out of getty images}

While Meta has brought more income than expected last quarter, Tech Dev is also predicting to spend. More on AI’s expenses.

Meta said on Wednesday that investment costs, including AI -related costs and payments on financial lease, would cost at least $ 66 billion this year, which is more than a minimum forecast of $ 64 billion. The quarter cost was $ 17 billion.

Related: According to Mark Zuckerberg’s new blog post, Meta’s AI Superintendees efforts are different from ‘others in the industry’.

Zuckerberg recorded before the income report was disclosed A blog post About its vision for AI – bringing sprintiluses, or AI, which goes beyond the human intellect, in the hands of each individual. The CEO of Meta said that its purpose is to give people a “maximum agency” to create the world, and contrary to its point of view with “others in the industry”, which believes that AI should automate all tasks before the life of humanity on a measure of humanity.

Meta has invested a lot in Superintendees, which offers up to $ 200 million in compensation packages. Last month, Meta announced a new sprinty labs team, which collected skills from AI companies like Open AI, Google, and Entropic to work on this effort.

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