Meta's AI spending spree is Wall Street's focus in second-quarter earnings
Summary
On Meta's upcoming earnings call, investors will be listening to what CEO Mark Zuckerberg has to say about his company's...
On Meta's upcoming earnings call, investors will be listening to what CEO Mark Zuckerberg has to say about his company's recent AI hiring blitz and strategy shift. A decision by Meta to copy a technique by Chinese AI lap DeepSeek backfired, resulting in the company's decision to launch a new AI unit and bring in a team of high-profile AI researchers.