Meta Increases AI Spending to $72B, Posts 22% Revenue Growth

Meta Platforms, led by CEO Mark Zuckerberg, is aggressively investing in artificial intelligence with ambitions to develop "personal superintelligence for everyone." The company plans to spend up to $72 billion on AI infrastructure by 2025, focusing heavily on data centers, compute resources, and talent acquisition, including the formation of a Superintelligence Lab led by Alexandr Wang. Despite these massive expenditures, Meta reported strong Q2 financials with revenue increasing 22% to $47.5 billion and net income rising 36%, while daily active users grew to 3.5 billion. However, rising operating costs and a slower profit growth rate have raised investor concerns about the short-term financial impact of Zuckerberg's AI ambitions. Meta's strategy includes recruiting top AI talent from rivals such as OpenAI and Google DeepMind, emphasizing the importance of compute power per researcher to accelerate breakthroughs. Zuckerberg envisions superintelligence as a transformative technology that will improve many aspects of life and democratize AI access globally.