Alex Schultz

On 18 November, according to The Insider of Business, Meta CMO Alex Schultz, interviewed at the Web Summit Technical Assembly in Lisbon, stated that the current wave of AI investment in Silicon Valley was “radical, but not crazy”. Meta plans to invest as much as $72 billion in AI infrastructure this year and expects to increase further next year. Previously, CEO Mark Zuckerberg had stressed that he would rather risk "mistake hundreds of billions of dollars" than lag behind in super-smart development. Including Amazon..