Meta's strong earnings report sent its stock soaring after hours. The company also made it clear that the AI talent wars come with a hefty price tag.

Meta’s artificial intelligence spending spree appears to be paying off with investors, who sent the company’s stock soaring after hours on Wednesday following a blowout quarterly earnings report. The Menlo Park,

Meta Platforms Inc (NASDAQ:META) surged over 8% in after-hours trading Wednesday following stronger-than-expected second-quarter earnings and optimistic guidance, fueled by its expanding artificial

The Secret to Meta’s AI “Superintelligence” Vision Meta Platforms (NASDAQ:META) delivered a stellar second-quarter earnings report showing the social media platform is financing its artificial intelligence (AI) dreams.

Despite high costs, the company is full-steam ahead on AI and believes a version of the tech that surpasses human intelligence is now in sight.

Meta Platforms CEO Mark Zuckerberg expects to deliver “personal superintelligence for everyone” but his ambitious bets on AI are impacting the company’s cash flows and are likely to hit expenses even harder as Meta soups up its AI capabilities and continues its hiring spree .