Tesla, Microsoft and Meta headlined huge earnings late after the stock market paused at record highs.
During a call with financial analysts on Wednesday to discuss the Facebook-owner's 2025 financial results, the company said it expects to spend up to $135bn (£97bn) this year, mostly on infrastructure ...
Meta CEO Mark Zuckerberg’s metaverse dreams seem to have been replaced by a new vision: an AI-generated social feed. In an earnings call on Wednesday, Zuckerberg reiterated his belief that AI will ...
When Google releases its smart glasses in the coming months, the strength of its AI-powered software will be its biggest leg ...
Investors responded to Big Tech earnings this week with a stark warning: they will forgive record spending that brings solid growth, but punish companies if not, showing how much the stakes have ...
Dow Jones Top Company Headlines at 9 PM ET: Meta Reports Record Sales, Massive Spending Hike on AI Buildout | Microsoft's ... The company says its sales were about $60 billion in the fourth quarter ...
Instagram-owner Meta on Wednesday boosted its capital spending plans for this year by 73% in the pursuit of ...
That would be a major jump from $72 billion last year, as the tech giant aims to compete in the artificial intelligence race.
Meta's stock pop following the company's latest earnings beat is a sign that investors are OK with hefty AI spending as long as the core business stays strong.
Zuckerberg says Meta is playing catch-up in AI. His answer: a “major acceleration” in 2026 powered by an enormous new spending commitment.
Meta’s fourth-quarter results jumped past Wall Street’s expectations thanks to solid advertising revenue, sending shares higher in after-hours trading Wednesday.
Amazon (NASDAQ:AMZN) just announced 16,000 job cuts worldwide, the second massive layoff in four months following 14,000 cuts in October. Combined, that’s 30,000 corporate roles eliminated in 120 days ...