In the midst of an artificial intelligence spending spree, Meta posted stronger-than-expected results for the second quarter, buoyed by growing ad revenue even as its expenses increased

The Secret to Meta’s AI “Superintelligence” Vision Meta Platforms (NASDAQ:META) delivered a stellar second-quarter earnings report showing the social media platform is financing its artificial intelligence (AI) dreams.

Meta Platforms, parent of Facebook and Instagra, stock surged after the social-media company blew out second-quarter earnings expectations.