By Katie Paul and Jaspreet Singh April 29 (Reuters) - Meta Platforms raised its annual capital spending forecast on Wednesday, signaling plans to pour billions more into artificial intelligence infrastructure even as it confronts potential losses from a global youth backlash against social media.

In Meta's first-quarter earnings report, the company said Reality Labs recorded an operating loss of over $4 billion while bringing in $402 million in sales.

Creators can receive payouts in the stablecoin USDC on the Solana and Polygon blockchains, according to a new page on Meta’s website.

Even as Meta continues make money hand over fist, the tech giant is set to make a large round of layoffs to optimize operations — and as it continues to plow billions into AI projects. Meta, the parent of Facebook,

Meta took the brunt of investor concerns on Wednesday over how the biggest US tech firms are spending massive sums on artificial intelligence (AI). Shares in the company, which owns Facebook and Instagram,

Digital dollars are now becoming an official payment option for creators on Meta's platforms.  Mark Zuckerberg's platforms are going digital with their dollars. Meta has teamed up with payments giant Stripe to let creators get paid in USDC — a stablecoin pegged to the US dollar — directly through Facebook.

Meta is losing billions on Reality Labs each quarter, and its AI expenditures are only going to increase its spending.