Meta’s CEO Mark Zuckerberg has a knack for giving Wall Street exactly what it wants. His familiar playbook is back in the spotlight: a combination of significant layoffs and massive new spending on artificial intelligence infrastructure. The strategy was on full display recently. The company’s stock rose after it announced a major cloud-computing deal with […]
In a landmark trial concerning social media addiction, the chief executive of Meta acknowledged that it is “very difficult” to enforce Instagram’s age restrictions. Under sharp questioning, he downplayed the importance of teenage users to the company’s bottom line during his testimony. The executive stated that while the company has introduced tools to try and […]
Meta Platforms has announced a bold move, slashing its capital budget to a staggering $135 billion this year—a clear bet on artificial intelligence as the next frontier of tech dominance. Meanwhile, Tesla is pouring $20 billion into AI, self‑driving tech, and robotics, with an additional $2 billion earmarked for CEO Elon Musk’s startup, xAI. Musk has even voiced […]
