Tag: broad ai buildout

Broad ai buildout explained — what it is, how it works and what it costs. Below are 1 article about broad ai buildout on CheapToken News.

Meta wants to pay for its broad AI buildout with a newly created class of stock

August 17, 2022 | TechCrunch AI
Meta wants to pay for its broad AI buildout with a newly created class of stock
On Wednesday, as the company reported its third-quarter earnings, Semafor reported the company might issue non-voting stock, meaning shares that don’t give their owners a vote on company decisions, to help fund its push into artificial intelligence. During Meta’s earnings call, the company confirmed that reporting. Meta’s chief financial officer, Susan Li, said the company plans to “create a new class of non-voting capital stock, which will be distributed