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1. CreditIman Al-Dabbagh for The New York Times

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3. 1. CreditAmber Bracken for The New York Times

   2. CreditIvan Alvarado/Reuters

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2. DealBook Newsletter

   Wall Street's Patience for a Costly A.I. Arms Race Is Waning

   A sell-off in Meta's stock after the company disclosed huge investments in the technology may be a sign of investor fears about tech giants' spending.

   By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni