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Meta Boosts Bet on AI With Spending Outlook, New Stock Class

Meta Platforms boosted its capital spending outlook and announced plans for a new class of nonvoting stock, escalating its already-stratospheric bet on artificial intelligence. Capital expenditures will be $135 billion to $145 billion in 2026, the social-media giant said during its quarterly earnin…

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  1. 2026-10-21 21:47 · Bloomberg AI
    Meta Boosts Bet on AI With Spending Outlook, New Stock Class

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  1. Anthropic takes on Muse with Claude Duet, its new AI agent — The Verge AI
  2. Meta says it will create a new class of nonvoting stock to raise the capital it needs for developing AI models, with an effective date in January 2027 — Techmeme
  3. Meta's Muse hits 10M US downloads in 40 days, a milestone reached by only 11 other apps — TechCrunch AI
  4. Anthropic launches Claude Duet, its answer to Meta and OpenAI's personal agents — Business Insider AI
  5. Mark Zuckerberg says Muse has drawn 10M+ users since its launch and 25%+ of users are making purchases through the app, with an average purchase size of $200+ (Business Insider) — Techmeme
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  7. Meta Muse exposes users' personal and business secrets when they share conversations — Ars Technica AI
  8. Introducing TorchTPU — PyTorch Blog

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