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Meta shares fall as frustration grows over AI spending plans
By GhanaSummary Newsroom1 min read
Microsoft's chief financial officer Amy Hood said its capital spending for the whole of the next year would be $175bn, mostly related to AI and AI infrastructure.
Susan Li, Meta's chief financial officer, told financial analysts that selling its tech to other companies would help it drive returns on its AI spending.
Chief executive Mark Zuckerberg said the company's AI spending was "accelerating every part of our core business" and that it planned to start selling the technology to other businesses.
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