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HomeBusinessMeta narrows annual capex forecast as AI buildout grows

Meta narrows annual capex forecast as AI buildout grows

July 29: Meta Platforms reported a precipitous 91 per cent drop in free cash flow on Wednesday, underscoring the financial strain of the social media giant’s costly AI buildout despite an uncertain payoff. The Facebook parent company reported free cash flow of $784 million in the second quarter, down from $8.

Read full story on Channel Newsasia

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