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Big Tech's AI spending spree worries investors

The biggest technology companies are doubling down on AI, pouring billions into research, development and infrastructure, but investors are growing restless as financial returns remain elusive.

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Meta Platforms, Inc. (NASDAQ:META) Q1 2024 Earnings Call Transcript

Meta Platforms, Inc. (NASDAQ:META) Q1 2024 Earnings Call Transcript April 24, 2024 Meta Platforms, Inc. beats earnings expectations. Reported EPS is $4.71, expectations were $4.32. Operator: Good afternoon. My name is Krista and I will be your conference operator today. At this time, I would like to welcome everyone to the Meta First Quarter Earnings […]

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Meta Wants to Keep Investing in AI

Meta Wants to Keep Investing in AI
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Meta Platforms Bought Some Time With Long-Term AI Potential - Meta Platforms (NASDAQ:META)

On Wednesday, Meta Platforms Inc (NASDAQ: META) topped Wall Street estimates with its first quarter results. But, stock plunged 16% due to a light revenue guidance that overshadowed the fact its revenue grew at a fastest quarterly rate since 2021 and net income more than doubled.

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Facebook owner Meta loses a billion per month on its AR/VR division, but believes it will be worth it

Facebook owner Meta loses a billion per month on its AR/VR division, but believes it will be worth it
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Facebook Has Lost $1 Billion Every Month On VR Since June 2022

Meta has lost over $45 billion on virtual reality and the metaverse since 2020

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Meta Stock: Should Investors Worry About AI Spending Offensive?

Meta Stock: Should Investors Worry About AI Spending Offensive?
investors.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investors.com Daily Mail and Mail on Sunday newspapers.

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Meta's $35 Billion Bet on AI Fuels the Tech Arms Race

Meta announced a $35 billion investment in artificial intelligence (AI), marking a significant escalation in the tech arms race.

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Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash

Meta CEO Mark Zuckerberg spooked investors on the company’s quarterly earnings call Wednesday.

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Meta loses $200 billion in value, Zuckerberg focuses on AI, metaverse

Meta CEO Mark Zuckerberg spooked investors on the company's quarterly earnings call Wednesday.

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