Reported about 20 hours ago
Meta Platforms Inc. is committing significant funds to its artificial intelligence strategy, resulting in a stock surge of approximately 45% since April. Recently, the company announced a $14.3 billion investment in Scale AI and projected capital spending of up to $72 billion for 2025. Analysts express bullish outlooks, believing that AI will drive revenue growth, despite concerns about high spending levels. Meta aims to enhance ad targeting and engagement across its platforms, with expectations that generative AI tools could increase annual ad revenue growth by up to 4% by decade's end.
Source: YAHOO