Meta Shares Jump 5% as AI Boosts Growth
The tech giant's revenue grew 26% to $64.6 billion
Artificial intelligence Editor: Fabricio Marcilio 1 min read
Meta shares rose 5% in after-hours trading on Wednesday. The move followed the company reporting strong growth.
Total revenue reached $64.6 billion. This result represents a 26% increase and reflects the strong performance of the social network's digital advertising business.
The company credited the growth to investments in artificial intelligence. The use of recommendations based on advanced algorithms increased ad views and raised prices charged to advertisers.
The market is also monitoring the development of new technology-related businesses. Among the new features is the personal artificial intelligence agent launched by the company in September.
The progress of tech companies in AI reinforces the appetite for risk assets. This trend may influence the global liquidity available for the crypto market.
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