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Industry News: Meta Value Falls $190B as Investors React to Increase Spending on AI

By David Schonauer   Friday April 26, 2024

On Wednesday, Meta projected that revenue for the current quarter would be lower than what Wall Street anticipated, and, noted The New York Times, said it would spend billions of dollars more on its artificial intelligence efforts, even as it reported robust revenue and profits for the first three …

Read the whole story at The Guardian.


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