Meta Boosts Bet on AI With Spending Outlook, New Stock Class
The Takeaways From Meta's Earnings and AI Spending PlansTakeaways by Bloomberg AIMeta Platforms Inc. boosted its capital spending outlook and announced plans for a new class of nonvoting stock, escalating its already-stratospheric bet on artificial intelligence. Capital expenditures will be $135 billion to $145 billion in 2026, the social-media giant said during its quarterly earnings reportBloomberg Terminal Wednesday, raising the bottom end of the range from $130 billion....
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