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Meta’s AI Bet Pays Off Big | Durham News
Meta’s AI gamble is paying off big time—stock surges 21%, adding $270B to market cap and vaulting Zuckerberg to 5 on the world’s richest list. The turnaround? A surprise cloud business plan to lease AI computing power, plus a custom “Iris” chip set to launch in September. While analysts eye whether AI can turn from cost center to cash cow, Meta’s ad engine keeps roaring, driving $56B in Q1 revenue—up 33%—proving the core business still powers the future. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This is an…
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