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

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 Alexandr Wang whether he was sure, Bloomberg reported, and Wang’s answer was that it was not clear at all that it was going to work.

The candour has arrived in stages. In April, asked when the spending would return anything, Zuckerberg called it a very technical question.

Chief financial officer Susan Li kept warning that the cost of failure would be enormous. Zuckerberg told Wang that Li had...

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