Bill Ackman's hedge fund reveals big stake in Meta — 'one of the clearest beneficiaries of AI integration'

Source: Business Insider

Michael Ostuni/Patrick McMullan via Getty ImagesBill Ackman's Pershing Square has invested roughly 10% of its capital in Meta. The fund told investors Meta is set to be "one of the clearest beneficiaries of AI integration. "Meta has been plowing cash into data center projects, which Ackman's firm expect to pay off long-term.