Meta's AI Struggles Threaten Future Ambitions.

Facebook's CEO Mark Zuckerberg and other top executives are now focusing on artificial intelligence (AI), which has raised concerns among analysts about Meta's spending on the technology. The company has been buying thousands of expensive Nvidia chips for training AI models. Some analysts have even speculated that Meta may change its name to MetAI. While AI may help Meta's core ads and social-media business, investors and analysts want the company to stay conservative on costs after the metaverse spending splurge and massive layoffs. Meta reports quarterly results on April 26, and Wall Street will be watching the company's spending and investment plans closely.