Ad revenue reached $39.9 billion, increasing 19% YoY, boosted by AI-driven ad targeting and improved ad impressions.

Meta, the company behind social media platforms Facebook and Instagram, announced on Monday the launch of the first digital ...

This increase was mainly driven by the Family of Apps segment, which greatly contributed to Meta's advertising revenue, ...

The metaverse, a virtual universe merging reality with the internet, is no longer just a sci-fi concept—it’s unfolding right ...

The opportunity remains vast with metaverse having the potential to generate up to $5 trillion in value by 2030. When the ...

Meta's growing money pit is notable because a key rival has essentially thrown in the towel on its own version of Reality Labs. Zuckerberg has called out Apple ( AAPL -0.40%) as its primary rival in ...

Facebook (META) began as a digital college yearbook ... we are a company that builds technology to connect people, and the metaverse is the next frontier just like social networking was when ...

The company posted $40.59 billion in sales, an all-time high that slightly beat Wall Street's view. Higher AI capex could ...

Llama has seen adoption as the building block of internal AI models for AT&T, Goldman Sachs, and Shopify. From January 2024 ...

Chatter about the metaverse peaked in late 2021, almost three decades after Stephenson’s novel was published, when Mark Zuckerberg announced he would build the virtual world and change his company’s ...

The Chinese e-commerce giant is reportedly cutting staff at its metaverse unit, Yuanjing, as it focuses on the latest big ...

Its Reality Labs unit posted a US$4.4 billion (S$5.8 billion) operating loss in the quarter. Read more at straitstimes.com.