The article discusses Facebook’s (now Meta) plans to increase spending on artificial intelligence (AI) through 2024. Mark Zuckerberg, the CEO of Meta, has emphasized the importance of AI for the company’s future, particularly in areas like the metaverse and content moderation. Meta plans to allocate a significant portion of its capital expenditures towards AI investments, including hiring more AI researchers and engineers. The article highlights Meta’s efforts to catch up with competitors like Google and Microsoft in the AI race. It also mentions concerns from investors about the potential impact of increased AI spending on Meta’s profitability in the short term. However, Zuckerberg believes that AI will be a key driver of Meta’s long-term success and is willing to make the necessary investments.