Reposted by Felienne Hermans
This tidbit was in the article. 🎈💥 ?
"Goldman Sachs warned Friday that AI hyperscalers, including Meta, need to generate roughly $300 billion a year in AI services revenue just to break even on their capital spending—and $1 trillion annually to earn meaningful profits—spooking investors."
finance.yahoo.com
Mark Zuckerberg Loses $9 Billion In A Day As Goldman Sachs Pours Cold Water On Meta Stock Rally
Zuckerberg’s $9 billion loss was the biggest single-day drop among any billionaire Friday.