Zuckerberg
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Mark Zuckerberg Defends Meta’s AI Investment: “We’re Seeing the Returns”
Meta CEO Mark Zuckerberg is doubling down on AI, allocating $14.3 billion to Scale AI and restructuring Superintelligence Labs. This significant capital expenditure fuels Meta’s AI capabilities and data center expansion, partnering with Oracle, Google, and CoreWeave. While Meta projects long-term returns, analysts express concerns about escalating AI spending and a potential valuation bubble. Despite increased capital expenditure guidance, market reaction was mixed, with some uncertainty about profitability and returns. Meta’s revenue growth, driven by AI, supports its confident investment strategy.
