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00:02Meta reported fourth quarter results on Wednesday that
00:05beat on the top and bottom lines and outlined a major increase in artificial intelligence.
00:10Spending for 2026, according to CNBC.
00:13The company said AI-related
00:15capital expenditures this year will range between $115 billion and $100.
00:20$335 billion, nearly double last year's spending.
00:23Revenue rose $25.
00:25The company said AI-related
00:26sales were a 24% year-over-year, driven by online advertising, and Meta shares climbed as much
00:29as the market.
00:30It was 10% in After Hours trading on Wednesday.
00:32CEO Mark Zuckerberg said the spending
00:35will support large-scale data center build-outs and the development of advanced AI models.
00:40Zuckerberg said Meta's initial AI models are expected to be strong and demonstrate rapid
00:45progress, with continued releases pushing the technology forward over the course of the year.
00:50He said Meta needs to control its own foundation model because it is a deep technology company that
00:55cannot risk being constrained by what others in the ecosystem choose to build.
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