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Business

Microsoft Loses $357 Billion in Hours

Microsoft's stock plummeted 12% post-report; blamed on PC, Azure underperformance. Despite, AI investments surge, sparking investor debate over long-term strategy vs short-term losses.

Business

Owner of Instagram Spends Billions on AI

Meta invests heavily in AI, allocating $135 billion by 2026; acquires Scale AI for $14.3B. Boosts personalization on platforms like Instagram and aims future growth amid regulatory challenges.