Meta Platforms sales soar to record, bolstering Zuckerberg’s AI spending spree

By Meghan BobrowskyMeta Platforms posted record revenue in the fourth quarter, aided by artificial intelligence improvements to its ads business.The Facebook and Instagram parent reported a 21% increase in sales and US$20.8 billion (NZ$36.74b) in net income, both ahead of analyst expectations.Meta estimated that revenue growth would slow in the January-to-March quarter, reaching 8% to 15%, a level that would represent the lowest increase in two years.The company’s shares rose by about 5% in after-hours trading Wednesday, following a rally...