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 is shifting how it plans to ensure widespread access to superintelligence, a suggestion that the company’s most advanced AI may remain closed so that Meta can stay in the driver’s seat.

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.

Meta Platforms shares surged after the social-media company blew out second-quarter earnings expectations Wednesday afternoon.Along with Alphabet’s second-quarter earnings report last week, Meta’s release reveals a lot of strength in digital advertising,

The company reported earnings before certain costs such as stock compensation of $7.14 per share, while revenue for the period rose 22%, to $47.52 billion. Those numbers shattered expectations, with Wall Street looking for a mere $5.

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.