Meta Reports Strong Growth, Expands Gigawatt Data Centres for AI Superintelligence

Meta Platforms is aggressively expanding its infrastructure and investment to develop AI superintelligence, with CEO Mark Zuckerberg emphasizing the potential for AI to deeply understand users and assist in achieving their goals. The company reported strong financial results, including a 22% revenue increase to $47.5 billion and a 36% rise in net profit, driven largely by advertising and bolstered by AI advancements. Meta is building substantial data center capacity, including the upcoming Prometheus cluster, expected to be the world's first gigawatt-plus AI cluster, and plans to scale up to 5 gigawatts with its Hyperion project. The launch of new AI-powered products such as Meta and Oakley performance glasses aims to make AI a pervasive part of daily life, while Instagram's video engagement continues to grow significantly. Meta has raised its capital expenditure forecast to between $66 billion and $72 billion to support these developments, including talent acquisition and AI research following challenges with previous AI models. The company is also monetizing its social platforms further by integrating AI-driven ad tools and expanding advertising opportunities on WhatsApp and Threads.