Meta platforms reach three billion daily users combined for the first time. The company announces this when announcing its quarterly numbers. Meta revenue is up 3 percent year-over-year, but earnings are down 24 percent.

Facebook has broken the 2 billion daily users mark in the past three months, Let Mita know. In total, all Meta platforms collectively achieved a record 3.02 billion users, up five percent from last year.

The total turnover amounted to 25.9 billion euros, compared to 25.3 billion in the first quarter of 2022. The profit decreased from the equivalent of 6.7 billion euros to 5.2 billion euros. The Meta Reality Labs division in particular suffered significant losses; Almost 4 billion dollars. The company expects its augmented reality and virtual reality division to post more losses during the year. On the other hand, advertising revenue has grown; It turned out to be 25.4 million euros compared to 24.4 million euros in the first three months of 2022.

Although Meta says its financial situation is “improving,” the company plans to launch another large-scale round of layoffs next month. This should “enhance the quality and speed of our work,” Meta CEO Mark Zuckerberg teased in a conversation with analysts. Engadget said.

In addition, Zuckerberg asserts that the company will invest heavily in artificial intelligence in the near future. In a conversation with investors, he said that “artificial intelligence agents wants to define billions of people, Edge writes. It’s not clear exactly what Meta plans to do with AI, but Zuckerberg says he wants to use generative AI for “chat experiences” in WhatsApp and Messenger, for “visual creation tools” in Facebook and Instagram and for ads.

Generative AI should be used for “literally every one of our products,” Zuckerberg says, and the first integrations should be available “in the coming months.” For example, it offers WhatsApp customer service, which should run faster with the help of “tens of millions of AI agents,” though no further details were given. He also says that the company hasn’t projected the vision onto the metaverse, but that the focus on AI and the metaverse are both important spearheads. Ultimately, Zuckerberg wants to use AI to “create avatars, objects, and worlds in the metaverse, and the symbol to tie them together.”