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Meta leans on improved ad business to fuel massive AI spending
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The Business Times
PHOTO: BLOOMBERG[SAN FRANCISCO] Meta Platforms’ better-than-expected sales outlook helped ease Wall Street concerns about plans for unprecedented spending on artificial intelligence (AI) this year.
Speaking on a call with investors, Zuckerberg said to look forward to “a major AI acceleration” that’s been brewing within the tech industry for over a year.
AI investmentMeta’s AI investment strategy has not always been well-received.
The concern remains that Meta’s spending may not lead to a meaningful new business line.
Though Meta’s advertising business will help it weather some of the AI uncertainties, a separate unit continued its considerable losses.