Meta is still burning money on AR/VR
TechCrunch
Meta continues to lose approximately $4 billion quarterly on its Reality Labs division while ramping up massive infrastructure spending for AI development.Summary
Meta's latest earnings report reveals that its Reality Labs division continues to lose roughly $4 billion per quarter, consistent with a trend that has cost the company over $83.5 billion since 2021. Despite strong overall revenue and net income growth, the company is shifting its financial focus toward expensive AI infrastructure, projecting capital expenditures to reach between $125 billion and $145 billion by 2026. CEO Mark Zuckerberg and CFO Susan Li emphasized the high costs of compute needs and AI research, leading to investor apprehension and a dip in Meta's stock price.
(Source：TechCrunch)