![Meta Enormous AI Spending Overshadows Solid Q1 Earnings](https://metanews.com/wp-content/uploads/2024/04/Image-381-4-300x169.jpeg)
Meta Enormous AI Spending Overshadows Solid Q1 Earnings
Despite impressive quarterly results, Meta’s AI spending binge has hurt investor sentiment. After reporting a solid result, the company’s shares started to decline. According to the Financial Times, investor sentiment suffered when the company increased its capital expenditure guidance. Also