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…
Wall Street closed sharply lower on Wednesday after the Federal Reserve held interest rates steady, with the Nasdaq 100 index dropping 2.1% and marking an 11% decline from its June record high as 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 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 CEO Mark Zuckerberg has launched a media campaign defending artificial intelligence, telling the New York Times that AI discourse is 'overwhelmingly filled with doom.' Yahoo Finance reports that …
Meta CEO Mark Zuckerberg argues in a recent op-ed that widespread access to 'personal superintelligence' will create more jobs, not eliminate them, directly challenging the AI job apocalypse narrative…
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…
SK Hynix reported a record operating profit of 60.5 trillion won for Q2 2024, a more than sixfold increase from 9.2 trillion won a year earlier, driven by AI chip demand, but missed the LSEG SmartEsti…
More than 1,100 employees from Meta Platforms, Anthropic, OpenAI and Alphabet's Google urged the U.S. government to support an international effort to develop tools for managing the pace of advanced A…
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 heads into a high-stakes Q2 earnings report on Wednesday with investors increasingly skittish about AI capex, after Alphabet and Tesla were punished for spending figures that outpaced W…
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 Platforms is expected to spotlight its smart glasses business during its Q2 2026 earnings call on July 29, as sales of Ray-Ban Meta glasses more than tripled in 2025 to surpass 7 million units, u…
Meta Platforms faces investor skepticism ahead of its Q2 2026 earnings call on July 29, as its plan to spend up to $145 billion on AI infrastructure this year has more than doubled capital expenditure…
BlackRock raised US$12.5 billion in debt for a Meta Platforms data centre project in Texas, with the 2048 note pricing at a yield premium of 2.875 percentage points over 10-year Treasury yields. The d…
Meta Platforms approved thousands of adverts for AI apps that digitally undress women and generate explicit sexual imagery on Facebook and Instagram, according to an investigation by the Tech Transpar…
Tech stocks rose Monday ahead of Big Tech earnings from Microsoft, Meta, Apple, and Amazon, with investors focused on capital expenditure numbers after Alphabet's guidance spooked concerns about free …
Wall Street awaits Big Tech earnings from Microsoft, Meta, Apple, Amazon, and Qualcomm this week, with investors questioning whether rising AI capital expenditures are squeezing margins and profitabil…
Meta Platforms' Facebook and Instagram have served thousands of ads for AI 'nudify' apps in breach of company policies, delivered by advertising partner GatherOne, according to a report from the nonpr…
The Bank for International Settlements warns that the AI capex boom is faster than historical investment cycles including canal mania, railways, electrification, and dotcom, with AI investment reachin…