Bloomberg Technology

Meta Doubles Down on AI Spending, Plans New Class C Shares

Bloomberg’s Ed Ludlow breaks down Meta’s plans to boost AI spending and release new Class C shares to ensure CEO Mark Zuckerberg stays in California if a wealth tax is passed. Plus, Tesla reported strong profit, but a big cut to its spending plans is raising questions about Elon Musk’s AI, robotaxi and robotics goals…

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Bloomberg’s Ed Ludlow breaks down Meta’s plans to boost AI spending and release new Class C shares to ensure CEO Mark Zuckerberg stays in California if a wealth tax is passed. Plus, Tesla reported strong profit, but a big cut to its spending plans is raising questions about Elon Musk’s AI, robotaxi and robotics goals for the company as it weighs a potential merger with SpaceX. And OpenAI’s models helped find a potentially catastrophic software vulnerability. OpenAI President Greg Brockman and Cloudflare CEO Matthew Prince explain how AI is enabling both defenders and hackers.

00:00:00 – Bloomberg Tech Begins
00:01:27 – Alexandra Levine on Meta Boosting Capex Plan
00:04:36 – Minda Smiley, EMarketer on Meta Monetizing Muse
00:09:35 – Ben Harwood, New Street Research on Tesla After Earnings
00:14:57 – Craig Trudell on Musk Eyeing Tesla-SpaceX Deal
00:17:53 – Fatima Boolani, Citi on IBM Earnings
00:23:33 – Alison Porter, Janus Henderson Investors on Meta Credit Risk
00:34:16 – Greg Brockman, OpenAI President & Matthew Prince, Cloudflare CEO
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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5 Comments

  1. @rockypiccio4100

    October 22, 2026 at 2:47 pm

    That Meta 3Q Segment Revenue numbers made me think… hold on, the math is not mathing. 😅

    • @andrewkevalaitis2684

      October 22, 2026 at 9:24 pm

      Yeah, let’s just let the globalist thieves and liars like Bloomberg & Friends steer us to China!🙄😆😂🤣

      You’re all ass-🤡’s‼️

      Trump is ending CITY OF LONDON’S GLOBALIST ECONOMY‼️‼️

      Be patient and you will all see what the mew economy of Trump will bring the world.

      Stop second guessing him or you will become part of the west’s decline!

      It’s all part of their globalist plan and it’s very very well documented! 👍🏻🇺🇸

  2. @vme90-y7l

    October 22, 2026 at 6:14 pm

    yes Zuckerberg who squandered $60B on his brilliaant idea of the metaverse is the best choice of all 330M Americans to lead Meta into the future. If you believe that I have a bridge to sell you.

  3. @vme90-y7l

    October 22, 2026 at 6:50 pm

    The tech emperors still have no clothes.

  4. @dorliciousness

    October 22, 2026 at 8:51 pm

    f**k Zuck

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