Meta CEO Zuckerberg Commits to Massive AI Spending Through 2026 as Shares Surge 12%
Summary
Meta CEO Mark Zuckerberg announces massive AI spending will continue through 2026 with expenses exceeding 2025 levels, raising total expense forecast to $114-118 billion and investing $14.3 billion in AI startup Scale AI, sending shares soaring 12% after strong quarterly earnings beat expectations.
Key Points
- Meta CEO Mark Zuckerberg announces the company will continue its massive AI spending through 2026, with expense growth rates exceeding 2025 levels as the company competes with other tech giants
- Meta raises its 2025 total expense forecast to $114-118 billion and invests $14.3 billion in AI startup Scale AI while assembling an elite AI Superintelligence team
- Investors respond positively with Meta shares rising nearly 12% in after-hours trading following strong second-quarter earnings that beat expectations on both revenue and profit