Jan 28 (Reuters) - Instagram-owner Meta on Wednesday boosted its capital spending plans for this year by 73% in the pursuit of "superintelligence," an effort to offer deeply personalized artificial intelligence to its large social media user base.
Shareholders backed CEO Mark Zuckerberg's ambitious capital outlay, boosting Meta stock 10% in extended trading, as the company posted a 24% surge in advertising revenue - its mainstay - for the quarter ended December 31. It alsoforecast first-quarter revenue above Wall Street expectations.
