Meta is now firmly focused on artificial intelligence, but its core business is still booming.

Meta Platforms reported a surge in profit, with revenue rising 22% year-over-year to $47.5 billion, and net income exceeding $18.3 billion in the second quarter of 2024.The social media giant

Meta’s Mark Zuckerberg posted a letter yesterday focused mostly on the potential for so-called “personal superintelligence.” He said that while AI will inevitably cause societal change akin to the agricultural revolution, allowing for discoveries that “aren’t imaginable today,” the real frontier will be at an individual level.