Meta Profits Soar as Focus Shifts to AI Investment
- Meta's profits tripled year-over-year to $14 billion due to cost-cutting and a rebound in ads
- Meta plans to invest heavily in its virtual reality and AI products
- Meta has billions of users' data from Facebook and Instagram posts to train its AI models
- Meta's data hoard gives it an advantage over AI rivals like OpenAI and Google
- Meta is betting its user data will help it compete with other companies on AI