Meta forecasts bigger capital costs next year as Zuckerberg lays out aggressive AI buildout
Meta on Wednesday forecast "notably larger" capital expenses next year thanks to investments in artificial intelligence, including aggressively building data centers to power its AI push. The Facebook and Instagram parent reported third-quarter revenue growth of 26 per cent that beat market estimates, but that jump was outpaced by a 32 per cent increase in costs. Shares of the company - that have risen 28 per cent so far this year - fell 8 per cent after the bell, as Wall Street digested
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