Mark Zuckerberg and Satya Nadella Push Artificial Intelligence Spending
Mark Zuckerberg and Satya Nadella are significantly increasing artificial intelligence spending following strong quarterly performances at Meta and Microsoft.Meta expects to invest up to $135B in 2026 to develop superintelligence while its Reality Labs division reported a $6B loss and cut 1,000 jobs.Microsoft saw net income jump 60% to $38.5B, yet investors remain cautious as combined industry infrastructure costs are projected to reach $505B this year.
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