SlashdotIs Meta's Huge Spending on AI Actually Paying Off?
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Meta is increasing its AI spending, but investors are pleased with the growth trajectory of advertising revenue.
Instagram-owner Meta on Wednesday boosted its capital spending plans for this year by 73% in the pursuit of "superintelligence," an effort to offer deeply personalized artificial intelligence to its large social media user base.
Meta wowed Wall Street with improvements in ad targeting fueled by AI alongside huge investment. Microsoft had less to show for its billions spent