Meta now reaches nearly 3.5 billion users across Facebook, Instagram and other apps. And Mark Zuckerberg says the company's mission is to bring AI "personal superintelligence" to all of them.

Meta CEO Mark Zuckerberg told investors that his new research lab will focus on building AI models that can learn with minimal human input.

Meta posted a second-quarter profit that beat expectations by a wide margin, and revenue that topped forecasts for a 12th-straight quarter, as active users, ad impressions and ad prices all rose. The company also provided a revenue outlook for the current quarter that was better than forecast.

Good morning. Record artificial intelligence spending isn't holding tech shares back. Job seekers are competing with AI platforms. And a full battery comes with fries at the Tesla Diner. Listen to the day’s top stories.

Futures tied to the S&P 500 and Nasdaq surged to record highs on Thursday after strong earnings from tech giants Meta and Microsoft reinforced investor confidence that artificial intelligence investments are paying off.