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TNW | Artificial-intelligence

Zuckerberg admits Meta spent $200B on AI without knowing it would work

Meta's free cash flow fell 91% in the second quarter, and about $420B of its spending sits off the balance sheet

Tarun Mottlia

Via TNW | Artificial-intelligence

·Excerpt
Zuckerberg admits Meta spent $200B on AI without knowing it would work
Image: Mark Zuckerberg, co-founder, chairman, CEO, Meta Platforms

Mark Zuckerberg says Meta committed as much as $200B to AI infrastructure before anyone could tell him it would work, with his chief AI officer saying it was not clear at all. Meta’s free cash flow fell 91% in the second quarter.

Mark Zuckerberg says Meta committed to spending as much as $200B on AI infrastructure before anyone at the company could tell him it would work. He put the figure at $100B or $200B.

He asked chief AI officer…

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