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Big tech has spent $155 billion on AI this year. It’s about to spend hundreds of billions more
(www.theguardian.com)
this post was submitted on 02 Aug 2025
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I think Meta’s AI initiative doesn’t run on investor money since they do share buybacks instead of selling more shares to keep afloat. Meta makes more than a hundred billion of revenue from selling ads on Facebook and Instagram. So Meta’s AI program runs on boomers clicking on ads that have been generated with AI.