Mark Zuckerberg’s wealth increased by $26.8 billion in a single day following the announcement of Meta Platforms’ second-quarter earnings, which drove the company’s stock to an all-time high. According to the Bloomberg Billionaires Index, his total net worth now stands at $271 billion, making him the third richest person in the world, behind Elon Musk and Larry Ellison.
Mark Zuckerberg is currently the third richest person in the world according to Bloomberg’s index, behind Tesla CEO Elon Musk and Oracle founder Larry Ellison.
Meta stock surges 12% – Zuckerberg’s vision of “personal super-intelligence“
Meta shares surged more than 12% in after-hours trading on Wednesday, reaching an all-time high of $780. This occurred after Meta exceeded expectations for both revenue and earnings per share.
The earnings announcement focused heavily on the company’s artificial intelligence ambitions. Zuckerberg shared his vision of building “personal super-intelligence” for everyone, which he had outlined in a letter published hours before the results announcement.
During the conference call, he discussed Meta’s multi-year hiring efforts and the development of the newly formed Superintelligence Labs team, saying that “small teams with dense talent” represent the “optimal configuration for advancing pioneering research” in artificial intelligence.
He also praised glasses as “the ideal form factor for artificial intelligence” and went so far as to say it would be a “significant cognitive disadvantage” not to wear AI-enabled glasses in the future.
The company sells Meta Ray-Ban glasses and unveiled Oakley Meta glasses in June. It also introduced a prototype of Orion augmented reality glasses in September.
When asked whether Meta would continue using open artificial intelligence, Zuckerberg said the company would likely do so, but might change this approach.
“We’re wrestling with whether what we’re doing is productive or useful or whether it primarily helps competitors or something like that,” he explained.
