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

An episode of [Bloomberg Tech](https://invisiblenetwork.ai/podcast/1611767434), 22 Oct 2026, 46 min.

Audio: https://podtrac.com/pts/redirect.mp3/traffic.omny.fm/d/clips/e73c998e-6e60-432f-8610-ae210140c5b1/41764a4f-fc64-4e11-89ba-ae7c0030ab5e/263d93e2-3f79-4018-a538-b4eb0131d247/audio.mp3?utm_source=Podcast&in_playlist=9caafc41-289c-4115-995d-ae7c0030ab75

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. See omnystudio.com/listener for privacy information.

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