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The numbers
$42 billion: Meta’s Q1 revenue, up 16% YoY
$41.4 billion: Meta’s ad revenue, up 13% YoY
$16.6 billion: Net income for January-to-March period
3.4 billion: People now using at least one of Meta’s apps each day
The water cooler talk
Meta CEO Mark Zuckerberg, on a call with investors, touted the company’s ambitious AI investments, with a focus on deploying AI agents—technology that performs tasks on behalf of humans—in the coming years. He envisions this technology playing a crucial role in making advertising a significantly larger contributor to global GDP.
“AI is generating better creative options for many businesses.
