Nintendo's latest sale is 'made possible' by the tariff refunds it's hoarding32m ago Meta Announces Muse AI Agent for Personal Tasks and Organization33m ago Instagram now lets you add tagged photos to your profile grid33m ago AI agents are flooding public services with new requests39m ago Apple’s first foldable is the iPhone Duo, and it costs $1,99940m ago An Anthropic researcher just quit, saying OpenAI and Anthropic are 'gambling with our lives'42m ago Anthropic Is Building a Huge Surveillance System to Spy on Anti-AI Activists and Predict Their Activities50m ago Antioch raises $32m to test robots in simulation before they touch hardware58m ago OpenAI’s Bubeck denies trying to cut Anthropic mathematician from credit1h ago 10 of the scariest AI villains in movie history1h ago Maven Robotics wants to steal your robot deployment deal1h ago Agent Security Is Not AI Governance: Why Conflating The Two Is A Risk Enterprises Can't Afford1h ago Positron Valued at $5 Billion in New Funding as Demand for AI Chips Surges1h ago 7 Steps to Become a Forward Deployed Engineer in 20262h ago

Nintendo's latest sale is 'made possible' by the tariff refunds it's hoarding32m ago Meta Announces Muse AI Agent for Personal Tasks and Organization33m ago Instagram now lets you add tagged photos to your profile grid33m ago AI agents are flooding public services with new requests39m ago Apple’s first foldable is the iPhone Duo, and it costs $1,99940m ago An Anthropic researcher just quit, saying OpenAI and Anthropic are 'gambling with our lives'42m ago Anthropic Is Building a Huge Surveillance System to Spy on Anti-AI Activists and Predict Their Activities50m ago Antioch raises $32m to test robots in simulation before they touch hardware58m ago OpenAI’s Bubeck denies trying to cut Anthropic mathematician from credit1h ago 10 of the scariest AI villains in movie history1h ago Maven Robotics wants to steal your robot deployment deal1h ago Agent Security Is Not AI Governance: Why Conflating The Two Is A Risk Enterprises Can't Afford1h ago Positron Valued at $5 Billion in New Funding as Demand for AI Chips Surges1h ago 7 Steps to Become a Forward Deployed Engineer in 20262h ago

Business & Enterprise AI Research3 min reading time

Meta shares fall as frustration grows over AI spending plans

Covered by 2 sourcesPublished Jul 29, 2026

Meta's shares dropped 11% after it reported a 14% profit decline despite 28% revenue growth. The company plans to increase AI spending to up to $145bn in 2023, aiming to monetize AI tech by selling it to other businesses. CEO Mark Zuckerberg highlighted AI's role in enhancing user engagement and developing autonomous AI agents, with plans to expand AI product offerings.

Covered by 2 sources

#ai-agents #mark-zuckerberg #meta #muse-spark-ai #q2-2023-earnings

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