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Forget the metaverse, AI is the money-spinner at Meta: Reality Labs lost $4.4 billion this quarter, but Mark Zuckerberg’s sharpened AI focus is delivering results – and there’s more to come with Llama 4 on the horizon
Meta posted strong financial results for the third quarter, indicating AI continues to be the company’s north star and driving significant revenue growth. The social media giant reported it generated $40.6 billion in sales, marking 19% year-on-year growth and outpaced analyst expectations that projected the company would only muster $40.19 billion in the quarter. Meta saw growth in user engagement,…
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Blog
Why agentic AI will be a huge money-spinner for big tech providers
The multi-trillion-dollar global services market is ripe for change, according to new analysis from venture capital firm Sequoia Capital, and enterprises driving agentic AI are perfectly poised to capitalize on this opportunity. With the rise of agentic AI gathering pace and pushing automation capabilities, the VC firm suggests the technology could have a transformative impact on the highly lucrative market.…
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