Meta’s rating in trouble due to overspending on AI, S&P cuts ‘outlook’ to negative

New Delhi, October 31 (IANS). The huge expenditure on AI has now become a cause of concern for America’s leading tech company Meta Platforms. S&P Global Ratings has downgraded Meta’s AA- credit rating outlook to negative from stable. The rating agency said in its statement that the pressure on the company’s balance sheet is increasing […] The post Meta’s rating in trouble due to overspending on AI, S&P cuts ‘outlook’ to negative appeared first on Latest News, Breaking News Today - Entertainment,

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