The latest results from Meta Platforms and Microsoft illustrate two distinct approaches to monetizing artificial intelligence. While both groups continue to invest heavily, the markets now seem to distinguish between spending perceived as creating short-term value and heavier bets on infrastructure, with uncertain returns. The market reaction following the publication of the results of Meta and Microsoft confirm that the two leaders in artificial intelligence spending are no longer perceived as advancing at the same pace. Investors have made their choice clear: +7.5% for Meta shares following…
