{"id":14231,"date":"2024-04-25T14:37:46","date_gmt":"2024-04-25T12:37:46","guid":{"rendered":"http:\/\/costops.com\/index.php\/2024\/04\/25\/meta-value-falls-190bn-as-investors-react-to-plan-to-increase-spending-on-ai\/"},"modified":"2024-04-25T14:37:46","modified_gmt":"2024-04-25T12:37:46","slug":"meta-value-falls-190bn-as-investors-react-to-plan-to-increase-spending-on-ai","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2024\/04\/25\/meta-value-falls-190bn-as-investors-react-to-plan-to-increase-spending-on-ai\/","title":{"rendered":"Meta value falls $190bn as investors react to plan to increase spending on AI"},"content":{"rendered":"<p>Shares slumped 15% after Mark Zuckerberg said AI spending would have to grow before Meta could make much revenue from products<\/p>\n<ul>\n<li><a href=\"https:\/\/viewer.gutools.co.uk\/business\/live\/2024\/apr\/25\/bhp-proposes-takeover-anglo-american-mining-us-gdp-ftse-100-business-live\">Business live \u2013 latest updates<\/a><\/li>\n<\/ul>\n<p>Shares in Meta slumped 15% when Wall Street opened on Thursday, wiping about $190bn off the value of the Facebook and Instagram parent company, as investors reacted to a <a href=\"https:\/\/www.theguardian.com\/technology\/2024\/apr\/24\/meta-earnings\">pledge to ramp up spending<\/a> on artificial intelligence.<\/p>\n<p>Mark Zuckerberg, Meta\u2019s founder and chief executive, said on a conference call on Wednesday that spending on the technology would have to grow \u201cmeaningfully\u201d before the company could make \u201cmuch revenue\u201d from new AI products.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2024\/apr\/25\/meta-value-falls-190bn-as-investors-react-to-plan-to-increase-spending-on-ai\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/79aed281da40e10e8a18c13f23b3e55115e2198d\/0_163_4896_2938\/master\/4896.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=2c1fabc2bb0fbba4509ecd36ecffc8be\" title=\"Meta value falls $190bn as investors react to plan to increase spending on AI\" \/>Shares slumped 15% after Mark Zuckerberg said AI spending would have to grow before Meta could make much revenue from products<br \/>\nBusiness live \u2013 latest updates<br \/>\nShares in Meta slumped 15% when Wall Street opened on Thursday, wiping about $190bn off the value of the Facebook and Instagram parent company, as investors reacted to a pledge to ramp up spending on artificial intelligence.<br \/>\nMark Zuckerberg, Meta\u2019s founder and chief executive, said on a conference call on Wednesday that spending on the technology would have to grow \u201cmeaningfully\u201d before the company could make \u201cmuch revenue\u201d from new AI products. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares slumped 15% after Mark Zuckerberg said AI spending would have to grow before Meta could make much revenue from products Business live \u2013 latest updates Shares in Meta slumped 15% when Wall Street opened on Thursday, wiping about $190bn off the value of the Facebook and Instagram parent company, as investors reacted to a &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2024\/04\/25\/meta-value-falls-190bn-as-investors-react-to-plan-to-increase-spending-on-ai\/\"> <span class=\"screen-reader-text\">Meta value falls $190bn as investors react to plan to increase spending on AI<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":14232,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/14231"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=14231"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/14231\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/14232"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=14231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=14231"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=14231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}