Tech Bosses Preach Patience As They Spend And Spend On Ai

The New York Times News Service Syndicate, Denver Post: Business
Sat, 08/10/2024 - 5:00am

SEATTLE — Mark Zuckerberg, Meta’s CEO, started 2023 by declaring it the “year of efficiency.” Like several of its big tech peers, Meta cut jobs and mothballed expansion plans. Then came AI. Zuckerberg started this year saying his company would spend more than $30 billion on new tech infrastructure in 2024. In April, he raised that to $35 billion.

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Tech Bosses Preach Patience As They Spend And Spend On Ai

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