Meta underestimated the cost of AI
Business Insider -

Meta's first-quarter earnings report reveals the company's AI plans are costing more than anticipated.The tech giant is upping their estimate of capital expenses and expects the increase to continueas it invests "aggressively" in "AI research and product development efforts."The expenses are expected to be roughly $5 billion more than the original estimate, reaching between $35 and $40 billion. The original prediction was between $30 billion and $37 billion.Meta's minimum estimate for full-year...

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