The social media giant Meta plans to inject large sums from its booming advertising revenue into artificial intelligence (AI) and virtual worlds, according to its financial report published on Wednesday. The report states that the company plans to allocate at least $38 billion to long-term investments in AI this year, including for the expansion of data centres – $1 billion more than previously expected. Spending on AI projects is then set to increase further next year. Meta is gradually integrating AI software, which can create text or images, into its apps, including Facebook and Instagram. …