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Marc Allington
Marc Allington
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Bloomberg reports Meta raised its AI spending outlook after its third-quarter results, with Mark Zuckerberg saying the company's AI investments are paying off. Other outlets report Meta shares rose as much as 5% in after-hours trading, though some of the gain later faded. Analysts say investors still want clarity on returns from the heavy capex, which signals continued heavy AI investment from one of the largest AI spenders.