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Meta fears nothing, DeepSeek shines in financial reports, and stock prices continue to hit new highs.
Social networking giant Meta announced its fourth-quarter financial results, with profits and revenue exceeding expectations. Zuckerberg discussed DeepSeek at the meeting, emphasizing the importance of AI Open Source, which must be the American standard. Meta is incorporating the advantages of DeepSeek into its considerations. Meta will also continue to increase capital expenditures as the AI craze cannot be missed. Encouraged by the impressive financial results, Meta's stock price rose to $687.99 after hours, reaching a new all-time high.
Meta revenue and profits exceed expectations
Meta's sales increased by 21% to reach 483.9 billion US dollars, exceeding Wall Street's expectations. CEO Mark Zuckerberg is confident about 2025, expecting the AI assistant Meta AI to help the company grow from the current 700 million users to 1 billion.
Zuckerberg talks about DeepSeek: AI Open Source is very important, it must be the American standard
During the financial conference, Zuckerberg mentioned DeepSeek and stated that it is too early to determine the impact of this groundbreaking artificial intelligence model on his company and the broader tech industry.
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However, Zuckerberg still believes that overall AI spending at Meta will soon decrease.