Meta Platforms (formerly Facebook) is a technology company that develops the open-source Llama series of large language models, alongside AI research at Meta AI (formerly FAIR).
Apple's stock surged to a $5 trillion market cap on July 28, making it the second company after Nvidia to reach that milestone, driven by plans for a smart home push and investor approval of its cauti…
Microsoft shares surged after strong quarterly results, while Meta fell as its sharply increased AI investments drew investor scrutiny. The moves came after the Federal Reserve left interest rates unc…
More than 120,000 technology roles have been cut so far in 2026, with AI cited as the most common reason, according to Layoffs.fyi and Challenger, Gray & Christmas. Oracle cut about 30,000 roles, Meta…
Meta reported a 14% drop in second-quarter profit to $18.3 billion despite a 28% revenue surge to $60.8 billion, driven by a 55% jump in costs to $42 billion from aggressive AI infrastructure spending…
Hyperscalers have issued approximately $244 billion in bonds globally through July 2026, more than double the $108 billion issued across all of 2025, creating concentration risk in bond markets as AI …
Scale AI founder Alexandr Wang, now leading Meta's Superintelligence Labs, said at a Y Combinator event that AI agents have leveled the playing field for startups, enabling them to compete head-on wit…
AWS now offers over 30 AI and ML services, organized into three tiers: pre-trained AI APIs, the generative AI platform Amazon Bedrock, and the custom ML platform Amazon SageMaker AI. The guide provide…
Mark Zuckerberg warned against concentrating AI power in a few companies during a series of interviews, arguing that wider access to advanced AI produces more public value. Meta open-sourced Llama in …
OpenAI is offering advertising credits of $50 to $100 to new advertisers on ChatGPT, a standard promotional tactic used by platforms like Google and Meta to encourage initial spending and habit format…
A study using the GPT-4-Turbo model and four other LLMs found that AI-generated stories about people with intellectual disabilities (ID) contain implicit biases, depicting them as younger, more depend…
The five hyperscalers—Amazon, Google, Meta, Microsoft, and Oracle (dubbed GOMMA)—have collectively committed $2.5 trillion to AI infrastructure, the largest capital expenditure in history, with half a…
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…
Asian stocks struggled for direction on Thursday after a US$2 trillion rout in South Korea's equity market and a divided US Federal Reserve left investors uncertain on interest rates. Chipmakers were …
Apple plans to unveil its first AI smart glasses at WWDC in June 2027, joining Samsung in challenging Meta's 85.2% market share in the global AI smart glasses market, according to industry sources. Sa…
Meta's free cash flow collapsed 91% to $784 million in the second quarter, down from $8.55 billion a year ago, as capital expenditure surged 83% to $31.08 billion on AI infrastructure, sending shares …
Meta CEO Mark Zuckerberg said global time spent on Instagram grew by double digits year over year in the second quarter, driven by AI-powered improvements to feed and Reels recommendations. The compan…
Meta reported $60.80 billion in second-quarter revenue on July 29, up 28% year over year, as ad impressions rose 14% and average price per ad increased 12%. The company also said 9 million small busin…
Meta's stock fell about 7% after missing earnings expectations, despite CEO Mark Zuckerberg's ambitious AI vision. The Facebook parent reported Q4 2024 revenue of $60.8 billion, up 28% year-over-year,…
Meta's free cash flow plummeted to $784 million in the latest quarter, down from $8.55 billion a year earlier, as the company's massive AI spending weighed on its finances. CEO Mark Zuckerberg defende…
Meta shares fell as much as 10% in after-hours trading Wednesday after the company reported a 55% surge in costs, operating income down 8%, net income down 14%, and free cash flow of just $784 million…