Meta Leans Into AI and Subscriptions to Future-Proof Its Ecosystem

Highlights Meta is raising its spending on AI data centers as the company struggles to meet demand for more computing power after users increasingly use the AI on its social media apps. Meta expects a big hit to its business as early as Q3 from running afoul of the EU for its subscription, no-ads business model in Europe. Meta said it expects to modify this business model as it appeals the EU’s decision. CEO Mark Zuckerberg said its AI software engineer is on track to come online this year and scale ...