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George Pearkes
peark.es
did:plc:pnx2fjuannbdpy3337ggthpp
Market reaction to META earnings last night was notable.
Market: WE LOVE AI, DO AI THING
META: Sure thing, ploughing $40bn into capex this year
Market: wait not like that
First time we've seen a negative market reaction to the reality of AI unit economics.
2024-04-25T10:21:31.285Z