The demand for artificial intelligence (AI) infrastructure is booming as cloud service providers, hyperscalers, and countries across the world are spending aggressively on this technology to develop large language models (LLMs) and deploy them to increase productivity for themselves and their customers.

The start of the artificial intelligence (AI) boom lifted the broader stock market out of a slump in late 2022. It's been a mostly fun ride since then, and the reality is that AI is only getting started.

Meta is a social media giant, owning brands including Facebook, Instagram, and WhatsApp. It uses AI in many important ways to drive business, from feeding users content they're looking for to keep them scrolling (and viewing ads) to providing a chatbot fueled by its own powerful large-language model.