Meta reports 27% boost in revenue to 36.5 billion, CEO Zuckerberg highlights AI and AR investments

Meta, the parent company of Facebook, has reported a 27% increase in total revenue in the first quarter, reaching 36.5 billion dollars. CEO Mark Zuckerberg emphasized Meta's commitment to long-term investments in artificial intelligence (AI) and augmented reality during the company's earnings call. The cost of revenue increased by 9% due to higher infrastructure costs related to AI investments, but Meta's augmented reality initiative, Reality Lab, reported a revenue increase of 30%. Meta is also investing in advanced recommendation systems …

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