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It’s good - ideal, even! - for your CFO to pull you aside and tell you repeatedly about the dire financial consequences of the potential failure of your $200 billion AI capex gamble that you recently admitted you made without knowing why you were doing it. You don’t learn this in business school!

Yahoo Finance@yahoofinance.com

On the Cheeky Pints podcast, CEO Mark Zuckerberg and chief AI officer Alexandr Wang revealed that Susan Li pulled Wang aside “many times” at a Hawaii offsite to warn him that if Meta’s new AI model flopped, it would be “really, really bad” financially. 😬 Read more: https://yhoo.it/4zQLL59

ahdok

@socksandpuppets.com

To be fair, they invested billions of dollars in metaverse stuff, made a terrible knockoff of VRchat that nobody used, and lost all the money - and that didn't sink the company.

14/10/26, 7:38 am0 reposts1 like

D4rkong

@d4rkong.bsky.social

True but the amount they're spending on AI dwarfs what they spent on the metaverse. During the whole metaverse episode they were just burning money Facebook was making from ads, for AI it's so much more than they've been taking on debt. Hence why their CFO is clearly upset about it all.