Meta and Microsoft's AI spending: a tale of two earnings reports

Microsoft CEO Satya Nadella Sven Hoppe/picture alliance via Getty Images This post originally appeared in the Business Insider Today newsletter. You can sign up for Business Insider's daily newsletter here. Meta's message to investors: The AI spending will continue until returns improve. Investors' response: No thanks. AI spend was the big focus during Meta's Q2 earnings report. And the pitch wasn't convincing enough to stop an after-hours selloff. Meta was happy to credit AI with helping its…