Meta on Wednesday forecast its annual capital expenditure to increase sharply, as the social media giant builds artificial intelligence infrastructure in the pursuit of superintelligence. The Facebook and Instagram parent expects annual capital expenditure to be between $115 billion and $135 billion, compared with $72.22 billion a year earlier. Meta's ad platform has remained its growth engine, allowing advertisers to automate and personalize their campaigns and help the company support its investments in AI infrastructure to achieve superingelligence - a theoretical milestone where machines could surpass human performance.
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