The remarks sent Meta shares up as much as 4.5%. Earlier, a disappointing sales forecast had weighed on the stock.
Meta Platforms Inc CEO Mark Zuckerberg defended the company’s ambitious spending plans, predicting a “really big year” in which its artificial intelligence assistant will become the most widely used in the industry.
“In AI, I expect that this is going to be the year when a highly intelligent and personalized AI assistant reaches more than 1 billion people,” Zuckerberg said on a call with investors following the company’s fourth-quarter earnings report. “And I expect Meta AI to be that leading AI assistant.”
