Meta Platforms Inc. posted sharply higher profit and revenue for its fourth quarter on Wednesday, thanks to higher ad revenue on its social media properties.

Mark Zuckerberg says Meta is targeting $60 billion to $65 billion in capital expenditures this year. That’s well above Wall Street’s $51 billion forecast.

Meta (META) stock climbed by around 4% in after-hours trading after chief executive Mark Zuckerberg said on the company’s earnings call that itplans to invest “hundreds of billions of dollars” in artificial intelligence infrastructure in the longterm.

Meta Platforms (NASDAQ:META) is gearing up for its latest quarterly readout with the social media giant slated to release Q4 earnings today

CEO Mark Zuckerberg addressed the pressing issues of massive AI (artificial intelligence) expenditure and DeepSeek’s AI

Welcome to Tech In Depth, our revamped daily newsletter with reporting and analysis about the business of tech from Bloomberg’s journalists around the world. Today, Kurt Wagner writes that the emergence of an AI model developed at a lower cost by a Chinese startup might prove beneficial to Meta Platforms Inc.

Meta overhauled its approach to US moderation on Tuesday, ditching fact-checking, announcing a plan to move its trust and safety teams, and perhaps most impactfully, updating its Hateful Conduct policy. As reported by Wired, a lot of text has been updated, added, or removed, but here are some of the changes that jumped out at us.

Facebook CEO Mark Zuckerberg complained about his internal remarks being leaked on Thursday during a meeting which was quickly leaked to the press.

In a town hall, Meta CEO Mark Zuckerberg said the company remains committed to diversity and free expression after unwinding DEI programs

Meta said earnings per share were up annually by 50% to $8.02, versus Wall Street’s consensus estimate of $6.76.

Washington: Meta Platforms Inc posted sharply higher profit and revenue for its fourth quarter on Wednesday January 30, thanks to higher ad revenue on its social media properties, sending its shares up in after-hours trading even as it forecast increasing expenses on its artificial intelligence efforts.