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Meta Q2 2024 earnings call highlights AI successes and a $50 billion problem

Meta AI is on pace to become the most popular AI assistant, the youths like Facebook again, and Reality Labs continues to burn money.

Li repeated the same warning from past earnings calls on Wednesday: "We continue to expect 2024 operating losses to increase meaningfully year-over-year due to our ongoing product development efforts." We expect Meta to unveil its(intentionally) leaked AR glasses at the event, but industry reports suggest they will be a proof of concept, not a consumer-ready product. Channeling his love of running, he established himself as an expert on fitness watches, testing and reviewing models from Garmin, Fitbit, Samsung, Apple, COROS, Polar, Amazfit, Suunto, and more.

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