Meta’s Mark Zuckerberg laid out his AI vision that outperformed Q2 expectations and sent shares soaring

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 25, 2024. (Credit: David Paul Morris/Bloomberg via Getty Images)

• Meta Platforms CEO Mark Zuckerberg spent a lot of time during the past few months building his news superintelligence AI team. 

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.