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Meta is ‘throwing spaghetti at the wall’ with its AI strategy, one analyst warns

Meta’s AI strategy is, once again, worrying investors.The social media giant’s stock tumbled 10% on Wednesday after it disclosed that its capital expenditure growth far outpaced revenue growth.Meta has a core problem: much of this spending doesn’t yet have a financial return. About 98% of Meta’s revenue still comes from its traditional ads business, according to its second-quarter results.Meta has been trying lots of new things lately, like rolling out new subscriptions, smart glasses, and…

Finance news

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Business

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How Aeras Aviation Keeps Global Aircraft Fleets Flying

Commercial aviation is running two clocks at once. On one hand, Boeing and Airbus are effectively sold out for the better part of a decade. On the other hand, airlines need to put passengers in seats this summer. The gap between the two — between the planes the world has…

Investing

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