Overview
Mark Zuckerberg is talking up artificial superintelligence, and investors are loving it. According to one of Wall Street’s most influential analysts, the quarterly earnings calls of Meta and Microsoft will go down in history as the moment AI went from pipe dream to money spinner for investors.
Shares in the parent company of Facebook and Instagram, and the software giant that has become a major backer of OpenAI, soared in after hours trading, as the two companies released figures showing eye-watering investment in talent and infrastructure seems to be paying off already.
Source: https://www.afr.com/technology/meta-shares-jump-after-strong-third-quarter-sales-forecast-20250731-p5mj50