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The Economic Times
The Economic Times
Technology

Steep bill for AI buildout punishes Meta, other tech favorites

Meta Artificial Intelligence CoreWeave Data Centres Nvidia

The tab for the next round of the AI buildout came due on Thursday.

Investors sold shares of Meta Platforms and a wealth of companies central to the AI trade, a day after Meta -- one of the so-called hyperscalers spending billions to build data centers and other infrastructure supporting the AI boom -- said it would issue a new class of shares that will help it raise funds.

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