In the midst of an artificial intelligence spending spree, Meta posted stronger-than-expected results for the second quarter, buoyed by growing ad revenue even as its expenses increased.

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 credited artificial intelligence for boosting its results. “The strong performance this quarter is largely thanks to AI unlocking greater efficiency and gains across our ad system,” said CEO Mark Zuckerberg on the company’s second-quarter earnings call.

If Meta investors had concerns about the company’s huge spending on artificial intelligence infrastructure and talent, they’re likely to be assuaged by its blockbuster earnings report on Wednesday. The results,

Meta CEO Mark Zuckerberg shared his vision on Wednesday for “personal superintelligence,” the idea that people should be able to use AI to achieve their personal goals, create, connect, and lead fulfilling lives.

Meta CEO Mark Zuckerberg revealed plans for a personal AI superintelligence that will help individuals achieve goals and pursue creative endeavors over productivity tools.