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- Meta's Q1 earnings report reveals it was off by at least $5 billion in capital expenditures.
- The report said costs are expected to increase as the company invests "aggressively" in AI.
- Meta also cited higher infrastructure and legal costs as the factors behind the increase.
Meta's first-quarter earnings report reveals the company's AI plans are costing more than anticipated.
The tech giant is upping their estimate of capital expenses and expects the increase to continueas it invests "aggressively" in "AI research and product development efforts."