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Meta readies $25B bond sale as soaring AI costs trigger stock sell-off

(www.ft.com)
113 points 1vuio0pswjnm7 | 2 comments | 02 Nov 25 05:33 UTC | HN request time: 0.001s | source
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emilsedgh ◴[02 Nov 25 06:44 UTC] No.45788296[source]▶
What was their vision for AI to begin with?

I totally understand what OpenAI and Google are trying to do with AI but I never understood Meta's angle.

What's Meta's AI product?

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1. daniel_iversen ◴[02 Nov 25 06:53 UTC] No.45788334[source]▶
What is NOT their angle; ads, UGC, entertainment experience (algo etc), Metaverse and gaming, communication (WhatsApp, insta etc) and I’m sure they’ll take advantage anything that’s close to their core areas of interest or anything else big. AI is definitely the tide that lifts all boats but if you’re one of the top 5 tech companies in the world then the prize is incredibly large and not yet known.
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2. diamond559 ◴[02 Nov 25 07:19 UTC] No.45788464[source]▶
The investors don't seem to agree, it seems to be sinking rn... Ads? They already sell ads, is their "AI" algorithm better than the current one developed over years by some of the smartest phds on the planet? I very much doubt that.