Meta Plans $65B Investment in AI Expansion by 2028
Meta Plans $65B Investment in AI Expansion by 2028

Meta Plans $65B Investment in AI Expansion by 2028

News summary

Meta Platforms is positioning itself for significant growth by heavily investing in artificial intelligence (AI), potentially allowing it to join the exclusive $3 trillion club by 2028. The company plans to allocate up to $65 billion this year to enhance its AI capabilities, which are already improving user engagement on platforms like Facebook and Instagram. Analysts forecast that Meta's business messaging services could generate up to $40 billion, driven by AI-powered automation, especially in emerging markets. Additionally, Meta's open-source AI model, Llama, has gained traction with over a billion downloads, further solidifying its competitive edge. Meanwhile, advancements in multimodal AI, including DeepMind's Gemma 3 and Meta's Multimodal Iterative LLM Solver, are reshaping the AI landscape by integrating diverse data types for richer contextual understanding. These developments signify a broader shift in AI towards more versatile and adaptive systems that can operate across multiple modalities.

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