Meta Stock Slides as AI Spending Ramps Up: What To Know
by Kiplinger
Kiplinger— Meta stock plunged after the Facebook parent increased spending on artificial intelligence and the metaverse.
Fortune—Meta’s stock sags under the weight of aggressive AI spending. Meta has been spending insistently to compete on AI against other tech peers like Microsoft and Alphabet.
@cityam—Meta's stock tanks 15 per cent as AI spending rises, revenue outlook fails to impress. Shares of Meta, the parent company of Facebook and Instagram, experienced a significant drop of more than 15 per cent during after-hours trading.
NextBigFuture.com—Meta Free AI Models and Integrating AI Ask Meta Query Into Facebook and Instagram. Meta has put Meta AI front and center in the search bars for Facebook and Instagram that have served as key tools to find content from particular friends or creators. This is what the All-in-Podcast guys called scorched Earth for AI. This means almost no one will pay the $20 per month or other subscriptions