AI & Enterprise
Meta to double infrastructure investment this year, unveil next-generation AI model \'Avocado\' in first half
Meta shares are rising after the company reported fourth-quarter results that beat market forecasts. Earnings per share came in at $8.88 and revenue at $59.89 billion, up 24 percent from a year earlier. Meta guided first-quarter revenue at $53.5 billion to $56.5 billion. It projected 2026 total costs of up to $169 billion and capital spending of up to $135 billion, nearly double 2025. Meta plans to unveil its next AI model, \'Avocado\', in the first half.
