
During a third-quarter earnings call, Mark Zuckerberg, CEO and co-founder of Meta Platforms, defended the size of his company’s massive investments in artificial intelligence. He reiterated his previous statement that “over-investing is better than under-investing.”
Zuckerberg pointed out that positive results have begun to appear. It is reported that Meta has invested approximately $14.3 billion in Scale AI as part of a plan to reorganize its AI unit, now known as Superintelligence Labs.
Despite growing concerns that this massive spending could lead to a technology bubble, especially with the entry of major competitors such as OpenAI, Zuckerberg believes that intensive investment in artificial intelligence is the best option for achieving significant long-term profits.