Meta shares sink after weak forecast and $130B-$145B AI spend
What's new: Free cash flow fell to $784 million from $8.55 billion a year earlier as Meta kept pouring money into AI infrastructure.
Bloomberg, CNBC +1
Subject
#Alexandr Wang
Meta launches Muse Image AI tool for ads, Instagram and WhatsApp
What's new: The model is free up to a usage limit, then shifts creators and power users to Meta's monthly subscriptions.
CNBC, Antara News +1