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AI spending by Alphabet, Amazon, Meta, Microsoft, and Oracle could exceed U.S. defense spending as a share of GDP by 2027.
Meta is reportedly building Arena, a standalone prediction markets app designed to compete with Polymarket and Kalshi.
Meta is reportedly building a consumer AI agent and an AI-powered shopping assistant for Instagram users.
Meta shares fall 10% as investors react to massive AI spending plans and a potential bond sale.
Mark Zuckerberg builds an AI agent to streamline Meta’s management and reduce organizational layers.
Meta plans to cut 20% of staff as it ramps up costly investments in artificial intelligence infrastructure.
Meta names former Trump adviser Dina Powell McCormick as president and vice chairman, strengthening leadership amid AI expansion and regulatory focus.
OnlyFans leads a 2024 global ranking of revenue per employee, generating about $37.6 million per worker and outpacing traditional Big Tech names.
Meta shares jumped over 6% after Zuckerberg signaled a potential 30% reduction in metaverse spending.
Google nears a $4 trillion valuation as Meta explores a multibillion-dollar purchase of TPU chips and Google Cloud capacity.
A Facebook mural artist’s $60,000 stock payment from 2005 is now worth about $200 million.
A Meta engineer with $10 million saved questions whether it is enough for early retirement as tech workers debate rising financial benchmarks.
Michael Burry warns Oracle and Meta could overstate profits by up to 27% through extended depreciation timelines on AI infrastructure.
Meta shares fell nearly 10% after a $15.9B expense hit Q3 profit, overshadowing strong revenue and guidance for the next quarter.