Tech Bosses Preach Patience as They Spend and Spend on A.I.
Source: New York Times
Mark Zuckerberg, Meta’s chief executive, started 2023 by declaring it the “year of efficiency.” Like several of its big tech peers, Meta cut jobs and mothballed expansion plans.Then came A.I.Mr. Zuckerberg started this year saying his company would spend more than $30 billion in 2024 on new tech infrastructure. In April, he raised that to $35 billion. On Wednesday, he increased it to at least $37 billion. And he…
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