Meta’s Profits Triple and Company Declares Inaugural Dividend

Meta saw a 25 percent increase in revenue for the last quarter, with profits more than tripling. This was largely due to the success of its ads business despite a challenging period marked by layoffs and a sluggish digital advertising market. The Silicon Valley company, which owns Facebook, Instagram, and WhatsApp, also announced its first-ever dividend of 50 cents per share, a move typically associated with slower-growth companies. Despite heavy spending on capital investments, such as data centers and infrastructure, the company still reported strong financial results. Mark Zuckerberg, Meta’s CEO, expressed optimism about the growth of the company and its progress in advancing A.I. and the metaverse. Meta’s revenue for the quarter ending Dec. 31 was $40.1 billion, beating Wall Street estimates, while profit reached $14 billion. The company capitalized on the rebound in digital ads, even amid lingering caution among marketers regarding ad spending. However, Meta’s continued growth has not come without challenges, as it grapples with privacy issues and the spread of misinformation and toxic content on its platforms. Mark Zuckerberg has outlined a shift towards the metaverse and a strong focus on cost-cutting initiatives, including significant layoffs. Despite this, Meta’s platforms continue to see regular use from more than four billion people. The company is also investing heavily in artificial intelligence and data center redesign to stay competitive in the technology industry.

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Unlikely Industry Player Anguilla Profits Big from A.I. Boom

Artificial intelligence’s integration into everyday life has stirred up doubts and unsettling questions for many about humanity’s path forward. But in Anguilla, a tiny Caribbean island to the east of Puerto Rico, the A.I. boom has made the country a fortune. The British territory collects a fee from every registration for internet addresses that end […]

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China Surpasses U.S. in A.I. Talent: A Key Metric

China lags behind the United States in artificial intelligence that powers chatbots like ChatGPT but excels in producing scientists behind new humanoid technologies. New research reveals that China has surpassed the United States as the biggest producer of A.I. talent. The country generates almost half the world’s top A.I. researchers, compared to 18 percent from […]

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Brands Brace for Impact as TikTok Faces Criticism

Amid debate in Washington over whether TikTok should be banned if its Chinese owner doesn’t sell it, one group is watching with particular interest: the many brands — particularly in the beauty, skin care, fashion, and health and wellness industries — that have used the video app to boost their sales. Youthforia, a makeup brand […]

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