Meta CEO Mark Zuckerberg. Photo: Getty
Bloomberg
Meta Platforms will double capital spending to as much as $135bn (€113bn) this year, an all-in bet on artificial intelligence as US tech giants battle it out for supremacy in the next wave of technological advancements.
Tesla will spend $20bn this year on pursuits including AI, self-driving vehicles and robotics – almost double Wall Street estimates – and plough another $2bn into CEO Elon Musk’s xAI start-up. Mr Musk also said Tesla needs to build its own semiconductor factory.
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