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Meta’s future is AI, AI, and more AI
Zuckerberg: ‘At this point, I’d rather risk building capacity before it is needed rather than too late.’
That kind of scale and money buys the ability to make big bets, which Zuckerberg is famous for doing. On Meta’s Wednesday earnings call, CFO Susan Li reiterated to investors that financial returns from its recent AI investments will “come in over a longer period of time.” Zuckerberg was direct about why Meta is spending billions on Nvidia hardware and the other infrastructure ahead of these future returns: “It’s hard to predict how this will trend multiple generations into the future, but at this point, I’d rather risk building capacity before it is needed rather than too late.” While the metaverse seems to have taken a backseat to AI at Meta in recent quarters, Zuckerberg did mention that sales of the Quest 3 are exceeding the company’s expectations, though he didn’t specify what those expecations were.
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