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Meta shares fall on funding reports
Meta's stock dropped by 7% after reports revealed the company's intention to issue large shares to fund its investments in artificial intelligence, potentially amounting to billions of dollars. The company aims to finance the development of AI infrastructure and introduce the concept of "personal superintelligence" across its platforms, amid expectations that capital expenditures for this year could reach $145 billion, with a possible increase in 2027. This move comes as tech companies compete to finance major AI projects, following Alphabet's success in issuing an $85 billion stock deal.
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