Meta sounds profit warning as AI spending soars
Briefly

Meta CEO Mark Zuckerberg warns investors about the extended timeline required for significant AI returns, intensifying spending for AI infrastructure and new products.
Zuckerberg stresses the necessity of increased investments in AI to establish more advanced models and extensive AI services before substantial revenue is generated.
Meta faces investor concerns over heightened spending forecasts for AI, with revenue falling below analysts' projections leading to a notable decrease in share prices.
Read at ReadWrite
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