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Meta Platforms (META.O) announced plans to raise up to $30 billion through a six-part bond offering as it ramps up investment in artificial intelligence and data-centre infrastructure. The bonds will carry maturities ranging from five to 40 years, giving Meta flexibility on timing and cost of funding. Meta also flagged that its capital spending in…
Meta Platforms (META) shares experienced volatility following its latest earnings report, not over revenue figures, but due to a massive increase in its AI spending guidance. CEO Mark Zuckerberg’s commitment to building the Artificial Intelligence infrastructure of the future is translating into a sharp rise in Capital Expenditures (CapEx), a move that has deeply unsettled…
Meta Platforms has announced a new round of job cuts. These layoffs are part of a broader company restructuring driven by Artificial Intelligence (AI). The company is aggressively shifting its focus toward generative AI development. This strategic move means certain teams are no longer seen as essential. The layoffs appear concentrated in non-engineering roles. Areas…
