Microsoft blinked a little in the AI capex race. Wall Street loved it.
Wall Street sent Big Tech a new message: AI spending alone isn't enough. Microsoft's restraint sparked a massive stock rally.
2 min read
Meta
These charts show how the number of Big Tech employees is changing as companies embrace AI
Amazon said that it grew its workforce by around 20,000 employees over the last quarter.
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Meta's future AI data center lease obligations swell to over a quarter trillion dollars
Meta said in a securities filing that it had about $278.99 billion in operating and finance leases that were not yet included on its balance sheet.
3 min read
Sell it or keep it? Google and Meta's AI compute quandary
As the tech giants' AI splurge starts to hurt the balance sheet, selling compute is an easy fix — but they also need it to get ahead.
3 min read
Your screentime on Instagram is growing, thanks to Meta's AI push
Mark Zuckerberg said that Instagram recommendations are "becoming more personalized" due to AI, which has led to increased time spent on the app.
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Meta is 'throwing spaghetti at the wall' with its AI strategy, one analyst warns
Meta's AI investments raise concerns as its stock drops 10%. Analysts question the strategy, while CEO Mark Zuckerberg sees growth in AI technology.
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Meta’s AI bets are swallowing almost all its free cash flow
Meta's AI investments cut free cash flow by 91%, while ad revenue rose 27% as AI boosts ad targeting and content recommendations.
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Mark Zuckerberg's 'AI is great, really' PR campaign is in full swing. Here's a better idea.
Mark Zuckerberg is doing a big AI public relations push. It's unclear if it will move the needle. So why not try cold, hard cash?
4 min read
Meta Q2 earnings recap: Stock tumbles nearly 10% after profits miss Wall Street estimates
Meta shares dropped after its earnings per share came in lighter than expected and revenue slightly beat estimates. Catch up on the analyst call.
18 min read
The most important stretch of earnings season is here — and Wall Street wants receipts from AI giants
Spending-conscious investors have been hard to impress lately, and it's ramped up the stakes ahead of earnings.
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The 3 biggest takeaways from Mark Zuckerberg's media blitz
Mark Zuckerberg laid out a vision for AI to be open, widely distributed, and empowering for individuals in his weeklong media blitz.
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Brace for volatility: The Fed and Big Tech earnings are poised to shake up markets this week
Traders are gearing up for a volatile week for stocks, with the Fed's two-day policy meeting kicking off and Big Tech earnings on deck.
4 min read
Discord and Meta accused of giving predators 'unfettered access' to a teen girl and failing to stop the abuse
Discord and Meta face a lawsuit over alleged child abuse by criminal groups on their platforms, challenging Section 230 protections.
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AI is good, we swear! Trust us!
A new wave of ads from Meta and Anthropic puts AI companies on the defensive. Can they win back trust?
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What if Facebook just becomes TikTok? We may find out soon.
It's the circle of life, social media style.
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A side-by-side comparison shows stark differences between Meta and Anthropic's AI ad campaigns
Anthropic and Meta premiered rival ads, both of which reference AI worries and offer hope — but with key differences in their visuals and messaging.
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Instagram is now banning pickup artists and pranksters who use Meta glasses
Content shot on Meta glasses from pickup artists and pranksters can now get you banned.
3 min read
Kylie Jenner introduced her new Meta glasses. The backlash began.
Meta sold at least 7 million of its glasses last year, and Kylie Jenner debuted a new pair she designed. The backlash shows they're controversial.
5 min read
These stocks will be the next winners as the AI trade gets a makeover, research firm says
Citrini Research says AI volatility has explanations beyond Chinese competition and geopolitics, and three stocks will be winners in the next phase.
3 min read
Big Tech earnings season and the capex spiral
Big Tech's AI spending is soaring, but higher capex may reflect inflation as much as expansion this earnings season.
3 min read
