Meta plans to increase spending on AI data centers to embed the technology in its family of apps, with a capital expenditure of $64 billion to $72 billion.
Meta's CEO, Mark Zuckerberg, highlighted the transformative power of AI and the company's focus on improving ads, enhancing business messaging, and developing AI chatbots.
Meta reported an increase in net income, revenue, and active users, with its Reality Labs division experiencing operating losses despite growth in sales of smart glasses.
Meta faces challenges in Europe due to the Digital Markets Act violations, expecting significant impacts on its European business and revenue by the third quarter of 2025.