Reported about 19 hours ago
Meta is heavily investing in AI infrastructure, spending billions on data centers and talent. However, recent earnings showed increased operating expenses and little revenue growth from these investments, causing investor concern. CEO Mark Zuckerberg emphasized the potential future benefits of their AI projects, but uncertainty looms as Meta has yet to unveil a competitive AI product, unlike rivals such as Google and Nvidia. The company's current AI offerings, while having a sizable user base, do not yet translate into significant revenue opportunities.
Source: YAHOO