Social media giant Meta announced its earnings for the first quarter of the fiscal year 2025 today (1st), surpassing both revenue and profit expectations. Following the report, Meta's stock price soared by more than 5%. CEO Mark Zuckerberg participated in a conference call, revealing the latest developments of their proprietary large language model (LLM) Llama 4 Behemoth and announcing the upcoming release of a standalone Meta AI application, declaring they will no longer rely on OpenAI and Google in the AI battlefield.

For the first quarter, Meta reported revenues of $42.314 billion, a 16% year-over-year increase; net income reached $16.644 billion, up 35%; and earnings per share were $6.43, up 37%, all exceeding Wall Street’s expectations. During the subsequent conference call, Zuckerberg emphasized the necessity of controlling AI capabilities, stating, "We must grasp the essence of AI; we cannot rely on others."

The next-generation Llama 4 Behemoth features 17 billion parameters and 16 expert models, specifically designed for Meta's infrastructure. It is aimed at providing low latency and long context memory capabilities, enabling personalized AI conversations based on more background information provided by users. Zuckerberg acknowledged, "We do not plan to deploy these massive models on a large scale but will extract core technologies from them to enhance efficiency."

Notably, Meta AI's user base is nearing one billion, and the independent Meta AI app is set to compete directly with ChatGPT and Gemini in the market, expected to ignite a new wave of AI application competition. CFO Susan Li added that Meta AI's user growth in the U.S. has been rapid, with voice assistants, personalized recommendations, and image generation becoming popular features. As OpenAI, Google, and Anthropic compete to release massive language models, Meta opts for in-house development, emphasizing an open strategy and plans to share some models with the industry in the future.