TechMeta cash flow plunges as Zuckerberg accelerates AI spending
Meta Platforms said its second-quarter free cash flow fell 91% on Wednesday. The sharp decline highlights the financial pressure created by the social media company’s expensive expansion of artificial intelligence capabilities. Meta is accelerating that buildout even though the eventual payoff remains uncertain. The figures point to the strain caused by the company’s elevated AI spending.
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Meta cash flow plunges as Zuckerberg accelerates AI spending
Tech