Mark Zuckerberg doubles down on Meta's $14.3B AI bet
Mark Zuckerberg is standing by Meta's massive $14.3 billion investment in Scale AI, telling investors it's "better to invest too much than too little" in artificial intelligence.
The company is all-in on building its Superintelligence Labs and keeping pace with tech giants, even as some investors worry about the price tag.
Meta's AI infrastructure expansion and financial forecast
Meta is ramping up its AI infrastructure—expanding data centers and teaming up with cloud providers like Oracle, Google, and CoreWeave.
They've bumped their spending forecast to $70-72 billion, following similar moves from Microsoft and Alphabet.
Despite a 26% jump in quarterly revenue (now at $51.24 billion), Meta's stock dropped 8% after the announcement—while Alphabet's shares actually rose 6%.
Zuckerberg says any extra computing power could boost Meta's ad and recommendation systems or even be rented out to others down the line.