#Meta Platforms
21 articles with this tag
Zuckerberg Unveils Meta's First Paid AI as Free Cash Flow Falls 91%
In Q2 2026, Meta posted $60.8 billion in revenue, up 28% year-on-year, but free cash flow collapsed 91% to $784 million as Zuckerberg committed up to $145 billion in AI capital expenditures for the year. Simultaneously, the company launched Muse Spark 1.1, its first commercial AI model, priced at roughly a quarter of what OpenAI and Anthropic charge.
OpenAI Cuts Off Cambodian Scam Syndicate
OpenAI disrupted a Cambodia-based scam operation using ChatGPT to run romance, investment, and law enforcement schemes.
Microsoft Soars, Meta Plummets on Earnings
Microsoft's stock soars on AI traction and cloud growth, while Meta's AI bets falter. Qualcomm faces cost headwinds. Apple's CEO transition looms.
Nvidia's $750 Billion AI Deals Face 'Circular' Scrutiny
Nvidia's massive AI deals, the tech industry's scrutiny of capex, Meta's internal struggles, and the tin can industry's tariff woes were discussed on the Bloomberg Intelligence Podcast.
Meta Explores AI Infrastructure Rentals Amidst Denza Z Launch
Meta Platforms is reportedly considering renting out its AI infrastructure, while China unveils its powerful Denza Z luxury supercar.
Meta Builds Cloud Business to Sell Excess AI Compute
Meta Platforms is reportedly building its own cloud business to sell excess AI compute power to external clients, aiming to monetize its significant investments in AI infrastructure.
Bloomberg News: USMCA, Trump Crypto, Meta AI Cloud
Bloomberg News Now covers USMCA trade deal changes, Trump's $1.4B crypto earnings, and Meta's AI cloud venture.
Meta AI Cloud, KitKat Recipe Change Highlighted
Bloomberg Money Minute covers Meta's AI cloud plans, Nestlé's KitKat recipe changes, and the CIA's AI adoption.
Dollar Tree, US-Iran Tensions, Meta AI Subscriptions
Bloomberg Money Minute covers Dollar Tree's revenue rise, US-Iran ceasefire friction, and Meta's new paid AI subscriptions.
China Blocks Meta's Acquisition of AI Startup Manus
China's government has blocked Meta's $2 billion acquisition of AI startup Manus, signaling a tightening grip on key technologies and a shift in the global AI race.
AI Spending Surge: Google & Meta Lead the Pack
Alphabet and Amazon see stock gains driven by AI, while Meta's heavy AI spending leads to a dip.
Meta Boosts 2026 Spending, Investors Watch AI ROI
Meta Platforms is boosting its 2026 spending outlook for AI, but faces investor questions on monetizing its AI advancements beyond advertising.
Microsoft, Meta, and White Castle Shake Up Tech and Business
Microsoft drops OpenAI exclusivity, Meta explores space-based solar power for data centers, and White Castle expands slider vending machines.
Meta's AI Push: Layoffs and $10B in Compute Costs
Meta is reportedly planning to cut 10% of its workforce, impacting around 8,000 employees, as it grapples with substantial AI compute costs and internal competition for resources.
Tesla AI Spending, Meta/Microsoft Layoffs, Paramount Merger
Tesla's AI spending impacts stock, Meta and Microsoft announce layoffs, and Paramount merger gets shareholder approval.
Meta Cuts 10% of Jobs Amid Efficiency Push
Meta is cutting around 10% of its workforce as part of an efficiency push, mirroring trends at other tech giants amid increased spending on AI and the metaverse.
Meta Rises After Layoff Reports, OpenAI in Talks for $10B Venture
Meta shares surge on layoff reports, OpenAI eyes $10B AI venture, and Nvidia's GTC conference begins. Plus, Bitcoin hits a six-week high and US senators raise concerns over AI chip exports.
OpenAI Explores PE Ties; Meta Plans Layoffs
OpenAI explores PE joint ventures, Meta plans major layoffs, and soybean prices fall amid trade tensions, as covered in Bloomberg's Money Minute.
AI Ethics Debate: Musk, Zuckerberg, and the Future of AI
Elon Musk and Mark Zuckerberg clash over AI regulation and existential risks, highlighting the debate shaping AI's future.
OpenAI's $730B Valuation Fuels AI Race
OpenAI has secured a record $110 billion in new investments, valuing the AI leader at $730 billion amidst a surging demand for artificial intelligence.
Meta Taps AMD for AI Chips
Meta Platforms is reportedly securing a five-year, $100 billion-plus deal with AMD for AI chips and systems, intensifying competition with Nvidia in the AI hardware race.