Social media giant Meta on Wednesday reported surging profits and revenue for 2024, announcing ambitious plans to expand its artificial intelligence infrastructure in the year ahead.
DeepSeek just shook up the artificial intelligence (AI) world in the biggest way since OpenAI launched ChatGPT in late 2022. The Chinese company's new R1 large language model (LLM) reportedly matches or beats OpenAI's o1 model on some benchmarks.
Meta announced on Wednesday that it had agreed to pay former President Donald Trump $25 million to settle a lawsuit over the suspension of his Facebook and Instagram accounts following the January 6 Capitol riot.
Settlement originates from lawsuit by president against the platform, one of several filed after 6 January violence
Meta Platforms, Inc. (NASDAQ:META ) Q4 2024 Earnings Conference Call January 29, 2025 5:00 PM ET Company Participants Kenneth Dorell - Director, Investor Relations Mark Zuckerberg - Founder, Chairman and Chief Executive Officer Susan Li - Chief Financial Officer Conference Call Participants Brian Nowak - Morgan Stanley Eric Sheridan - Goldman Sachs Mark Shmulik - Bernstein Justin Post - Bank of America Douglas Anmuth - JPMorgan Ron Josey - Citigroup Ken Gawrelski - Wells Fargo Ross Sandler - Barclays Operator Good afternoon. My name is Krista and I will be your conference operator today.
Meta CEO Mark Zuckerberg on Wednesday said it's too early to tell what impact DeepSeek's breakthrough AI model will have on his company and the broader tech industry. Zuckerberg dismissed the notion that Meta's overall AI spending will drop now that DeepSeek has allegedly proven cutting-edge AI requires less money and computing than previously thought.
The headline numbers for Meta Platforms (META) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Meta says its controversial decision to put an end to its fact-checking program hasn't impacted advertiser spend. On its Q4 2024 call, Meta CFO Susan Li assured investors that advertiser demand remains strong and the company's commitment to brand safety remains unchanged, despite the new measures.
Meta Platforms (META) came out with quarterly earnings of $8.02 per share, beating the Zacks Consensus Estimate of $6.68 per share. This compares to earnings of $5.33 per share a year ago.
Facebook parent company Meta will fork over $25 million to settle a lawsuit from President Donald Trump, according to multiple outlets, ending the dispute triggered after the president was suspended from Meta platforms following the Jan. 6 Capitol attack—a move that comes as Meta eases tensions with Trump.
Meta has agreed to pay $25 million to settle a lawsuit filed by President Donald Trump against the company after it suspended his accounts.
Meta CEO Mark Zuckerberg praised the Trump administration during a call with investors on Wednesday. Zuckerberg said the administration "prioritizes American technology winning," and that he is optimistic about the "innovation that this can unlock.