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Story summary
- Mark Zuckerberg, CEO of Meta, announced Meta Compute to boost AI infrastructure.
- The move signals Meta's effort to compete with Microsoft and Google in AI.
- Analysts say the announcement reassures investors about Meta's focus on computational capacity.
- Meta spent $70 billion on AI infrastructure last year, and critics warn of reduced returns.
- The initiative includes hiring experts to navigate energy markets and supply chains, signaling a long-term strategy.
