Cloud infrastructure provider Nscale has agreed to acquire AI software startup Anyscale in a deal valued at approximately $1.65 billion, the companies announced Thursday. The acquisition aims to help …
Meta shares fell roughly 9% after Q2 earnings per share of $6.18 missed the $7.14 consensus, dragged down by $3.6 billion in legal and severance charges and a 91% decline in free cash flow, while Micr…
Mark Zuckerberg predicted on Meta's second-quarter earnings call that within five years, billions of people will have a personal AI agent handling their finances, health, relationships, and homes. Met…
Zhongji Innolight raised HK$53.41 billion ($6.81 billion) in Hong Kong's largest IPO since Alibaba's 2019 secondary listing, but shares fell as much as 9.4% on their July 30 debut, according to the Fi…
Meta's profit fell 14% to $15.85 billion in the last quarter despite revenue rising 28% to $60.8 billion, as CEO Mark Zuckerberg poured billions into AI infrastructure and legal costs. The company rai…
Meta's Q2 revenue rose 28% to $60.4 billion, but expenses surged 55% to $42 billion due to $1.2 billion in severance from laying off 8,000 employees, $2.4 billion in legal costs, and rising AI expense…
Meta founder and CEO Mark Zuckerberg predicted on Wednesday's quarterly earnings call that billions of people will have personal AI agents within five years, citing uses for finances, health, relation…
Meta Platforms gave a disappointing revenue forecast of US$61 billion to US$64 billion for the third quarter, with the mid line below the average analyst estimate of US$63.2 billion, intensifying inve…
Meta Platforms raised its 2026 capital expenditure floor to $130 billion from $125 billion, with a new range of $130 billion to $145 billion, as it intensifies AI data center investments. The company …
Meta's free cash flow plunged 91% to $784 million in Q2 2026 as AI capital spending surged to about $31 billion for the quarter, while revenue rose 28% to $60.8 billion but profit fell 14% to $15.8 bi…
Meta reported Q2 2026 revenue of $60.8 billion, up 28%, but net income fell 14% to $15.85 billion after taking $2.4 billion in legal charges and $1.18 billion in severance costs from laying off 8,000 …
Meta Platforms posted Q2 2026 earnings per share of $6.18, missing the $7.14 consensus estimate, and raised its full-year capital expenditure guidance to $135-145 billion, sending shares down nearly 8…
Meta, Google, and BlackRock have committed more than $215 million to skilled-trades training programs for AI data center construction, with Meta alone spending $115 million on its America's Workforce …
Anthropic said an unreleased version of its most powerful model, Claude Mythos Preview, found two previously unknown attacks on crypto algorithms, including one against HAWK, a digital signature syste…
Meta Platforms is paying about 7.5% to borrow $12.5 billion through a holding company tied to BlackRock for a new artificial intelligence data centre in El Paso, Texas, with the debt kept off its bala…
BlackRock is acquiring an 80% stake in Meta's $14 billion data center in El Paso, Texas, under a joint venture that keeps the debt off Meta's balance sheet. BlackRock will contribute $4.9 billion in c…
Meta and BlackRock announced a $14 billion joint venture to build and operate a one-gigawatt AI data center in El Paso, Texas, with BlackRock holding an 80 percent controlling stake and Meta holding 2…
BlackRock is set to take an 80 percent stake in Meta's $14 billion, one-gigawatt AI data center project in El Paso, giving the world's largest asset manager direct control over infrastructure powering…
Meta Platforms and BlackRock announced a joint venture to develop a $14 billion data center campus in El Paso, Texas, with BlackRock-managed funds owning 80% and Meta retaining 20%. The 1-gigawatt fac…
Meta and BlackRock are partnering on a $14 billion data center campus in El Paso, Texas, with BlackRock's managed funds taking an 80% ownership stake and Meta retaining 20%. The 1-gigawatt facility, e…