Internet
Meta’s big AI spending blitz will continue into 2026
Meta CEO Mark Zuckerberg makes a keynote speech at the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, U.S. September 25, 2024. Manuel Orbegozo | Reuters Meta CEO Mark Zuckerberg plans to continue his company’s artificial intelligence spending blitz well into the next year as rival tech giants do the same. […]
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Arm shares slip as smartphone royalties disappoint
The replica of the ARM is an electronic chip board during a collaborative ceremony launching a partnership between Malaysia and ARM Holdings in Kuala Lumpur, Malaysia, on March 5, 2025. Hari Anggara | Nurphoto | Getty Images Arm Holdings shares dipped as much as 9% in after-hours trading on the company’s first-quarter earnings results Wednesday. […]
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EBay stock surges on earnings beat, rosy guidance
Signage at eBay headquarters in San Jose, California, U.S. David Paul Morris | Bloomberg | Getty Images Shares of eBay popped 10% in extended trading on Wednesday after the online marketplace posted stronger-than-expected results for the second quarter, and offered an upbeat forecast for the current period. Here’s how the company did in the second […]
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Meta’s Reality Labs posts $4.53 billion loss in second quarter
Meta CEO Mark Zuckerberg presents Orion AR Glasses as he makes a keynote speech during the Meta Connect annual event at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024. Manuel Orbegozo | Reuters Meta’s Reality Labs, the unit tasked with building the futuristic metaverse, continues bleeding money. The social media company reported […]
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Trump ends de minimis exemption for global low-cost goods
A U.S. postal worker delivers Amazon boxes outside of the New York Stock Exchange on Oct. 11, 2018. Spencer Platt | Getty Images President Donald Trump on Wednesday signed an executive order ending the de minimis trade loophole for low-value packages shipped from all countries. The order, which takes effect Aug. 29, will subject any […]
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Meta slated to reported second-quarter earnings after the bell
Mark Zuckerberg, CEO of Meta Platforms. David Paul Morris | Bloomberg | Getty Images Meta is set to report its second-quarter earnings on Wednesday, with analysts eyeing any changes to the company’s costs and related guidance amid CEO Mark Zuckerberg’s recent artificial intelligence hiring blitz. Here’s what analysts polled by LSEG are expecting: Earnings per […]
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Google execs say employees have to ‘be more AI-savvy’ as competition ramps up
Alphabet CEO Sundar Pichai during the Google I/O developers conference in Mountain View, California, on May 10, 2023. David Paul Morris | Bloomberg | Getty Images Google executives are pushing employees to act with more urgency in their use of artificial intelligence as the company looks for ways to cut costs. That was the message […]
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Meta’s AI spending spree is Wall Street’s focus in second-quarter earnings
Over the years, Meta has built a reputation for using rivals’ innovations to bolster its technology. But its decision to copy a Chinese artificial intelligence lab in 2025 in an effort to compete with OpenAI backfired, forcing the company to overhaul its AI strategy. In a rush to mimic the techniques developed by Chinese startup […]
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Samsung backs South Korean AI chip startup Rebellions ahead of IPO
The Rebel-Quad is the second-generation product from Rebellions and is made up of four Rebel AI chips. Rebellions, a South Korean firm, is looking to rival companies like Nvidia in AI chips. Rebellions South Korean artificial intelligence chip startup Rebellions has raised money from tech giant Samsung and is targeting a funding round of up […]
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Ray-Ban Meta smart glasses revenue tripled over the year, EssilorLuxottica says
Ray-Ban Meta smart glasses on display in the window of a Ray Ban store in London, UK, on Friday, July 19, 2024. Bloomberg | Bloomberg | Getty Images Revenue from sales of Ray-Ban Meta smart glasses more than tripled year over year, EssilorLuxottica revealed Monday as part of the company’s most recent earnings report. EssilorLuxottica […]
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