Meta Platforms beat Wall Street expectations for fourth-quarter revenue on Wednesday but predicted sales in the current first quarter may not meet forecasts, sending mixed signals about how its bets on pricey artificial intelligence-powered tools are paying off.

Social network operator Meta Platforms (NASDAQ:META) in Q4 CY2024, with sales up 20.6% year on year to $48.39 billion. On the other hand, next quarter’s revenue guidance of $40.65 billion was less impressive,

By Aditya Soni and Deborah Mary Sophia (Reuters) -Days after Chinese upstart DeepSeek revealed a breakthrough in cheap AI computing that shook the U.S. technology industry, the chief executives of Microsoft and Meta defended massive spending that they said was key to staying competitive in the new field.

Meta has defended its $65bn (£52bn) investment in artificial intelligence (AI) days after US tech stocks wobbled in the wake of Chinese AI app DeepSeek's sudden rise. Chief executive Mark Zuckerberg said to investors on Wednesday there was a lot to learn from DeepSeek,

Key Takeaways Meta CEO Mark Zuckerberg said Wednesday’s that the rapid rise of competitors from China has only strengthened the tech giant’s commitment to its AI ambitions. The CEO said it’s too early to know how growing competition from China could impact its future investments.

On Meta's earnings call, Mark Zuckerberg said this will be a "big year" for redefining the company's relationship with the federal government.

Mark Zuckerberg is exploring buying a property in Washington DC, according to two people familiar with the matter, as Meta’s billionaire founder steps up his efforts to shape US President Donald Trump’s approach to the tech sector.

Meta CEO Mark Zuckerberg praised the Trump administration during a call with investors on Wednesday. Zuckerberg said the administration "prioritizes American technology winning," and that he is optimistic about the "innovation that this can unlock.