Billie Eilish, Mark Zuckerberg
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Meta plans to spend up to $72 billion on AI infrastructure this year, with CEO Mark Zuckerberg defending the long-term strategy.
Investors recoiled from Meta’s plan to issue $30 billion in new debt to fund artificial intelligence spending.
Meta CEO Mark Zuckerberg recently attended the Wall Street Journal Innovator Awards in New York City with his wife Dr. Priscilla Chan. During the ceremony, Billie Eilish, who received the award for 2025 Music Innovator,
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Futurism on MSN
Meta Stock Plummets as Investors Horrified at How Much Zuckerberg Is Spending on Misfired AI
Mark Zuckerberg's Meta is spending untold billions on infrastructure and top talent for its AI ambitions. Investors are rattled.
Meta's $70B AI gamble sparks investor panic as shares plunge 11%, wiping $29B from Mark Zuckerberg's fortune overnight amid Wall Street shock.
Meta CEO Mark Zuckerberg doesn't want investors to worry about how much his company is spending on artificial intelligence, which is set to ramp up. "We keep on seeing this pattern where we build some amount of infrastructure to what we think is an aggressive assumption,
The Facebook and Instagram parent also said capital expenditure next year would be “notably larger” than in 2025.
Meanwhile, other reports indicate that Meta Superintelligence Lab employees are assigned to an employee badge-restricted zone near Zuckerberg’s desk at the company’s Menlo Park, Calif., campus, and that their names are hidden from the Meta internal directory.
If strong demand for Meta's Oakley and Ray-Ban smart glasses continues, they could turn out to be a "very profitable investment," according to Meta CEO Mark Zuckerberg. Glasses from both of Meta's collaborations are selling well,
The Facebook parent launches one of 2025's biggest debt deals to supercharge its AI push as investors weigh the cost.