Meta Platforms Inc. shares increased after the company reported $42.3 billion in first-quarter sales, beating analysts' estimates, and announced it will spend $64 billion to $72 billion this year. The company's advertising business, which makes up 98% of its revenue, is growing, and its investments in artificial intelligence are helping improve ad targeting and personalization. Meta's stock rose as much as 8% after the earnings report, and the company's quarterly results and increased capital expenditures are seen as a positive sign for the broader AI sector. David Kirkpatrick Founder of Techonomy breaks down how Meta's earnings is reflecting the state of the digital economy.