00:00Wall Street gave Mark Zuckerberg the green light to spend even more on AI.
00:05He says it plans to pour between $115 and $135 billion into AI infrastructure.
00:10This year alone, that's nearly double what it spent last year.
00:14Normally that kind of...
00:15Spending would scare investors, but this time it didn't.
00:18Meta just posted 24% revenue.
00:20Revenue growth driven almost entirely by advertising.
00:23And the stock jumped as much as...
00:2510% after hours.
00:26Zuckerberg told analysts Meta is investing heavily to train...
00:30leading AI models and deliver what he calls personal superintelligence to billions of people.
00:35The company says it's still capacity constrained.
00:37In other words, demand for computing power...
00:40is growing faster than Meta can build it.
00:42A big reason investors are still comfortable...
00:45ads are still printing cash.
00:46As long as Meta's ad machine keeps delivering billions each...
00:50quarter, Wall Street seems willing to let Zuckerberg swing big on AI.
00:54The question now isn't...
00:55whether Meta can afford this, it's whether these massive AI bets turned into real products...
01:00before the patient runs out.
Comments