The company warned of accelerating capital expenditures around artificial intelligence, sending shares down 7% after hours.
Meta on Wednesday forecast "notably larger" capital expenses next year thanks to investments in artificial intelligence, ...
On an earnings call, Zuck acknowledged that Meta’s massive AI spend might not go as intended in the near future.
Meta plans to spend up to $72 billion on AI infrastructure this year, with CEO Mark Zuckerberg defending the long-term ...
Meta raised its 2025 capital expenditure forecast and indicated that spending will be significantly higher in 2026.
Meta CEO Mark Zuckerberg doesn't want investors to worry about how much his company is spending on artificial intelligence, ...
Meta has laid off 600 employees in its AI unit as it restructures operations and consolidates leadership under Wang Jian to ...
Meta CEO Mark Zuckerberg said the company’s massive investment in AI research will “enable new technological capabilities to ...
AI is booting engagement across Meta's social media platforms and driving interest in Meta glasses, but it comes at the cost ...
Microsoft, Meta, and Google—delivered a unified and staggering message to investors this week: their unprecedented spending ...
Meta CEO Mark Zuckerberg and President Donald Trump previously alluded to the company's expanded plans for the AI data center ...
Louisiana approved Meta's $10 billion project in August, saying it would bring "hope" for economic growth, but some experts ...