Meta's Reality Labs has reported a 10% increase in operating losses for 2024, reaching $17.7 billion, bringing total losses since 2020 to over $60 billion. For the fourth quarter alone, operating losses were approximately $4.97 billion, against just over $1 billion in revenue. Despite these deficits, CEO Mark Zuckerberg remains optimistic, declaring 2025 a pivotal year for the metaverse, emphasizing user growth in augmented reality and the significance of long-term investments expected to bring visually appealing advancements. Furthermore, Zuckerberg revealed plans to invest $60-$65 billion in AI technology aimed at enhancing its AI assistant services, projected to reach over a billion users this year. Meta's overall revenues surged by 22% to $164.5 billion in 2024, primarily driven by advertising, resulting in a positive market reaction with stock gains following the earnings announcement.

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