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Meta Boosts Bet on AI With New Spending Outlook, Stock Offering
Source: Bloomberg
Artificial IntelligenceCorporate Guidance & OutlookCompany FundamentalsManagement & Governance
Meta raised its capital spending outlook as it steps up investment in artificial intelligence, but the article gives no revised spending figure. The company also announced plans to create a new class of nonvoting stock; no further details or market reaction were reported.
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