Meta boosts annual capex sharply on superintelligence push, shares surge
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Jan 28 : Instagram-owner Meta on Wednesday boosted its capital spending plans for the new year by 73 per cent in the pursuit of "superintelligence," an effort to offer deeply personalized artificial intelligence to its large social media user base. Shareholders backed CEO Mark Zuckerberg's ambitious capital outlay, boosting Meta stock 10 per cent in extended trading, as the company posted a 24 per cent surge in advertising revenue - its mainstay - for the quarter ended December 31. It also
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