Bank of America revamps Meta stock forecast before earnings

Meta's been trying hard to position itself as an AI leader this year. Part of this was a hiring/poaching spree of AI experts. And the other part was planned AI infrastructure build-outs that didn't sound realistic, until OpenAI outdid them with even bigger and even less realistic plans. Despite throwing a lot of money around, it appears the company is slowly coming to terms with reality. According to Reuters, sources speaking to the Information, which first reported the deal, revealed that Meta had talks ...