Comment on Mark Zuckerberg explains why he's happy to keep spending boatloads on AI

Mark Zuckerberg explains why he's happy to keep spending boatloads on AI

Meta's Mark Zuckerberg flagged to investors that the company would keep pouring money into AI development.MetaMeta will continue to spend big on artificial intelligence, executives said in an earnings call.The company outperformed Q3 expectations with Mark Zuckerberg citing AI progress as a factor.Meta spent the year pouring money into AI research and development and doesn't expect to stop soon.Mark Zuckerberg is staying the course with Meta's heavy AI spending.The company reported its third-quarter earnings on Wednesday, outlining how its $40.59 billion quarterly revenue beat expectations of $40.25 billion.Zuckerberg attributed the "good quarter" to AI progress across Meta's apps and business, saying the company has no plans to slow down its investments in the technology.AI has had "a positive impact on nearly all aspects of our work," he said.

 

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