That could bring Meta’s total expenses to around $150 billion in 2026—nearly triple what the company spent just five years ago. With his controlling share, Zuckerberg has the luxury of fully calling the company’s shots. He still can’t afford to miss.

The S&P 500 and the Nasdaq opened at record highs on Thursday, as blockbuster earnings from Meta and Microsoft signaled Big Tech's hefty artificial intelligence bets were paying off.

Meta is shifting how it plans to ensure widespread access to superintelligence, a suggestion that the company’s most advanced AI may remain closed so that Meta can stay in the driver’s seat.

Meta CEO Mark Zuckerberg told investors that his new research lab will focus on building AI models that can learn with minimal human input.

Earlier this week, Mark Zuckerberg published a memo outlining his vision to build AI "superintelligence." Citing "safety concerns," he wrote that Meta would need to be "rigorous" about what it open sources and what it doesn't.