Meta's AI Spending Plans Leave Investors Unnerved

Wall Street investors are reportedly uneasy about Meta’s multi-billion-dollar artificial intelligence (AI) plans.The company’s stock fell 15% in early trading Thursday (April 25), Bloomberg News reported, despite CEO Mark Zuckerberg’s efforts to reassure investors as the tech giant released its quarterly earnings.“For all Meta’s bold AI plans, it can’t afford to take its eye off the nucleus of the business — its core advertising activities,” Sophie Lund-Yates, an analyst at Hargreaves Lansdown, said in a no ...