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Meta shares fall as frustration grows over AI spending plans
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NEWSDECK ANALYSIS
Meta, the parent company of Facebook and Instagram, has been investing heavily in artificial intelligence technology in recent years, with a focus on integrating AI into its various platforms. The company's plans to sell AI tools to other companies marks a significant shift in its business strategy, potentially opening up new revenue streams. This move may be seen as an effort to justify the significant spending on AI research and development, which has been a subject of scrutiny among investors.
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BBC Technology
Meta shares fall as frustration grows over AI spending plans
Mark Zuckerberg said Meta intends to sell for the first time AI tools to other companies
29 Jul, 21:29
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