Meta Doubles Down on A.I. Spending as Zuckerberg Defends New Investments

Meta CEO Mark Zuckerberg defended the company’s heavy A.I. spending, saying it’s better to invest “too much than too little”.

Transcript

00:00Meta CEO Mark Zuckerberg defended the company's heavy AI spending, saying it's better to invest

00:06quote, too much than too little, as Meta builds out superintelligence labs with a $14.3 billion

00:13stake in scale AI. He said Meta will likely need even more computing power than expected,

00:20pushing 2024 capital expenditures to between $70 billion and $72 billion.

00:26Zuckerberg added that even if Meta overbuilds data center capacity, the company can repurpose

00:32it to enhance recommendation systems and add products profitability. Despite strong Q3 revenue

00:40of $51.24 billion, up 26% year over year, Meta shares fell 8% as investors weighed its mounting

00:50AI infrastructure costs against future returns.