Mmastodon BusinessFinance first seen 6 d ago, last 6 d ago, peak #1
S&P criticises Meta over AI spending plans
Original: Facebook just got bitchslapped by the S(insert weird general mills logo)P ratings over its # ai capital expenditures 😂 h
S&P has rebuked Facebook parent Meta over its enormous capital expenditures on artificial intelligence infrastructure. Commenters online are greeting the ratings criticism with mockery, framing it as a comeuppance for the company's aggressive AI buildout. Meta has been spending tens of billions of dollars on data centres and chips, a scale of outlay that is drawing scrutiny from investors and analysts.
Why now: Meta's massive AI capital expenditure is drawing public criticism from S&P, prompting schadenfreude among tech watchers.
Evidence
- Facebook just got bitchslapped by the S(insert weird general mills logo)P ratings over its # ai capital expenditures 😂 https:// youtu.be/d8zMyCgLWV8?si=WbFkxL G93HV6uCJr # finance # capx # tech # techbro # schadenfreude # podcast · Crystal_Fish_Caves@mstdn.party · 8
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