Mark Zuckerberg has pledged to spend “hundreds of billions” on artificial intelligence as he seeks to propel Meta to a dominant position in the industry this year, brushing off concerns about Chinese upstart DeepSeek.
“This is going to be a really big year,” Zuckerberg said in a call with investors after the group reported earnings late on Wednesday, adding that he had told staff: “This is going to be intense because we have about 48 weeks to get on the trajectory that we want to be on in AI.”
Meta’s shares rose more than 2 per cent in extended trading in a sign of Wall Street’s confidence in the social media group’s robust advertising business, in spite of Zuckerberg’s plans to continue a spending spree on AI infrastructure.
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