
Meta’s AI push aims to convert big spending into growth
Meta Platforms jumped after outlining an AI-driven plan to monetize its heavy capital expenditure: it will start manufacturing its Iris AI chip with Broadcom and TSMC to cut GPU costs, is building a CAD 13 billion data center in Canada to rent out excess compute as an AI Cloud, and has Muse Spark priced well below rivals to attract developers—all designed to boost future revenue from ads, cloud, and AI tools, though execution risk remains as chip production, data-center utilization, and developer adoption unfold.












