Meta Needs to Stop Spending as If It’s a Cloud Giant
That spending is in the same arena as the other cloud businesses. Except, Meta isn’t a cloud business. So when it breaks the news that it’s going to need to spend even more, it can’t point to healthy growth in cloud sales from AI — because obviously there aren’t any. Investors are right to question what Meta will get in return for all that AI investment when ultimately its only client is itself.
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