Meta's Reality Labs unit grew revenue by 29% in the third quarter to 270 million US dollars, driven by sales of its mixed reality headsets and smart glasses. Reality Labs' expenses were 4.7 billion dollars, up 19% year-over-year driven primarily by higher headcount and infrastructure costs.
Mark Zukerberg, CEO of Meta, said "demand for [Ray Ban Meta smart] glasses continues to be very strong. The new clear edition that we released at Connect sold out almost immediately and has been trading online for over a thousand dollars. We've deepened our partnership with EssilorLuxottica to build future generations of smart eyewear that deliver both cutting-edge technology and style."
Meta also said Reality Labs has "evolved [its] roadmaps to respond to the earlier-than expected success of smart glasses," which now support AI functionality. The company plans to significantly scale up its generative AI infrastructure capacity, "while also prioritising its fungibility." It anticipates full year 2024 capex will be in the range of 38-40 billion dollars, updated from the prior range of 37-40 billion dollars. Meta also expects significant capex growth in 2025.
Meta said its Llama large language model (LLM) is seeing strong momentum, with Llama token usage growing exponentially this year (LLMs decompose text into tokens - words, character sets or combinations of words and punctuation). It has just released Llama 3.2 and is developing Llama 4.
"We're training the Llama 4 models on a cluster that is bigger than 100,000 H100s or bigger than anything that I've seen reported for what others are doing," Zuckerberg claimed. "I expect that the smaller Llama 4 models will be ready first, and they’ll be ready, we expect sometime early next year, and I think that they're going to be a big deal on several fronts -- new modalities, capabilities, stronger reasoning, and much faster." Source: Meta
No comments:
Post a Comment