Meta Platforms stock slipped after reports that the company delayed the launch of its new “Avocado” AI model to at least May due to performance concerns versus competitors.
The delay adds to investor skepticism around Meta’s massive AI spending plans including up to $135B in capital expenditures this year for data centers and infrastructure.
While CEO Mark Zuckerberg remains confident in the company’s AI roadmap, markets are watching closely to see whether Meta can close the gap with leading AI players and deliver strong returns on its investments.
