Mark Zuckerberg’s Meta has once again made global headlines, expanding its global presence by investing in Vietnam. The AI company revealed on Tuesday that it will inject investment into AI innovation in the Asian country, while also increasing production of its latest mixed reality headsets by 2025. The revelation quickly attracted considerable attention, as even the company’s stock price saw an increase of almost 1%. win recently.
Meta revolutionizes AI innovation in Vietnam
According to a manager Reuters report dated October 1, Meta Platforms continues its investments in Vietnam, focusing on AI innovation and its latest mixed reality headsets by 2025. The announcement was revealed by the President of Business of the company, Nick Clegg, during a visit to the country a few days ago. week after his meeting with the Vietnamese president at Lam in New York.
Nick Clegg said: “Starting in 2025, Meta will expand manufacturing of its latest Quest 3S mixed reality device to Vietnam. » However, Meta did not reveal the scale of the planned investment, nor the current size of its operations in the country. Vietnam is becoming a critical player for the AI business as millions of small businesses and consumers rely on the platform, Nick added.
At the same time, the company also revealed that it would consider testing its platform in Vietnamese, as it had already started testing “Business AI for Messenger” in June. All in all, the AI company is expanding its services to Vietnam, marking a monumental step.
Mark Zuckerberg’s office moves forward with AI Vision
Interestingly, along with expansion plans in Vietnam, Meta’s share price today climbed almost 1% to $572.44. This recovery has brought additional attention to the company as it continues to move forward.
CoinGape Media reported earlier that the company’s stock price was even targeting a target of $811 as CEO. Mark Zuckerberg shared his ideas on AI. This bullish projection also aligns with the company’s current expansion plans, reinforcing optimism about its long-term prospects. The company’s monthly stock price chart showed gains of almost 11%, while the 6-month chart highlighted gains of over 16%. Overall, the Mark Zuckerberg-led AI company is setting off waves across the entire industry with the recent developments.
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