India is the largest market for Meta AI usage; company sees profits soar 73%
By
Biju Kumar
India has become the largest market in terms of usage for Meta AI, the artificial intelligence (AI) chatbot from Facebook parent Meta, chief financial officer Susan Li told analysts Thursday.
The company’s commitment to AI came as it saw its net profit soar by around 73% to touch about $13.46 billion from the same period last year while its revenue spiked 22% to touch $39.1 billion for the April to June period. The company said that around 3.27 billion people use at least one of Meta’s apps every day.