Meta Platforms makes most of its money from advertising to its massive user base. As of the end of the first quarter, Meta boasted 3.43 billion daily active users across its websites and apps, which include Facebook, Instagram, Messenger, and WhatsApp.

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Mark Zuckerberg says the golden age of social media is over as platforms shift from personal connections to mass entertainment and AI-driven content.

Meta Platforms (NasdaqGS:META) has announced significant developments, including a $14 billion investment in Scale AI to enhance artificial intelligence capabilities, alongside a strategic partnership with XGS Energy for geothermal energy projects.

Meta Platforms (META), the social media giant formerly known as Facebook, has seen incredible profit growth in recent years as the company’s high-margin business model continues to spit off excess cash flow the company has used to reinvest in growth.

Meta Platforms Inc. has finalized a multibillion-dollar investment in Scale AI and recruited the startup’s chief executive officer to join its artificial intelligence efforts — an unusual deal that signals a heightened push by the social media giant to catch up on AI development.

Mark Zuckerberg is said to be hiring about 50 members for a new team working on AI-driven projects including artificial general intelligence.

SINGAPORE: Social media company Meta is aiming to roll out a shared intelligence platform with local banks in Singapore to combat the scam scourge.