Even Mark Zuckerberg seems surprised by Meta's pace of spending on AI
Publishing timestamp: 2024-10-30 20:12:12
Summary
Meta has been rapidly building out its data center and computing infrastructure for AI projects, leading to higher expenses and capital expenditures. Despite beating earnings and revenue expectations, Meta's stock slid after hours due to concerns about weaker-than-expected user growth and rising costs. CEO Mark Zuckerberg remains optimistic about the company's ability to continue building out its infrastructure for AI projects.
Sentiment: MIXED
Keywords: breaking news: technology, internet, mobile, business news, meta platforms inc, alphabet inc, technology, mark zuckerberg, social media,
Source: https://www.cnbc.com/2024/10/30/metas-mark-zuckerberg-seems-surprised-by-pace-of-spending-on-ai.html