Meta Could Spend $145 Billion This Year Due to AI

Wednesday was a big day for the tech industry with Meta, Google, Amazon and Microsoft all reporting earnings at the same time in the afternoon. Out of the four, though, Meta was the clear loser with its shares down more than 7% even though revenue increased 33% this past quarter, the company’s fastest since 2021.cnx.cmd.push(function(){cnx({"playerId":"92b7b46b-43ed-4e0e-b21b-2c999302d9d7","settings":{"advertising":{"macros":{"AD_UNIT":"/23178111854/od.gizmodo.com/article","CHILD_UNIT":"article","POST_ID":"2000752323","POST_TYPE":"post","CHANNEL":"tech","SECTION":"social-media","SUBSECTION":"","CATEGORIES":"artificial-intelligence,social-media","TAGS":"artificial-intelligence,mark-zuckerberg,meta","NOP":"0"},"timeBeforeFirstAd":0}}}).render("cnx-player-main")}); It’s probably because the…

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