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Meta Gains After Zuckerberg Predicts 'Really Big Year' in AI

Jan 29, 2025 - financialpost.com
Meta Platforms Inc. CEO Mark Zuckerberg has projected a significant year for the company, emphasizing the development of its AI assistant, which he expects to reach over 1 billion users. Despite a disappointing sales forecast, Meta shares rose by 4.5% following Zuckerberg's remarks. The company reported better-than-expected fourth-quarter sales of $48.4 billion, driven primarily by advertising on its social networks like Facebook and Instagram. Meta plans to invest heavily in AI and hardware projects, with a focus on virtual and augmented reality, and expects to spend up to $65 billion on AI-related projects in 2025.

Zuckerberg also announced plans to cut 5% of Meta's workforce, targeting low performers to make room for new hires. The company is aligning itself with the Trump administration, making several strategic changes, including ending US-based fact-checking and altering its hateful conduct policy. Meta's AI technology, Llama, remains open source, and the company is looking to learn from competitors like DeepSeek to potentially reduce AI costs. Despite market challenges, Meta's AI initiatives and strategic shifts are aimed at maintaining its leadership in the tech industry.

Key takeaways:

  • Meta Platforms Inc. CEO Mark Zuckerberg predicts a significant year for AI, aiming for Meta's AI assistant to reach over 1 billion users.
  • Meta's fourth-quarter sales exceeded expectations, but the first-quarter sales forecast missed analyst estimates.
  • Meta plans to invest heavily in AI and hardware, with a $65 billion investment in AI-related projects in 2025.
  • Meta is undergoing organizational changes, including a 5% staff reduction targeting low performers, and aligning with the Trump administration's policies.
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