Mobile
Reddit reports 69% jump in revenue, topping analyst estimates
Steve Huffman, co-founder and CEO of Reddit, speaks during the WSJ Tech Live conference hosted by The Wall Street Journal at the Montage Laguna Beach in Laguna Beach, California, on Oct. 21, 2024. Frederic J. Brown | Afp | Getty Images Reddit reported better-than-expected profit and revenue in its first-quarter earnings report on Thursday, and […]
Read More
Meta’s Reality Labs lost over $4 billion in first quarter
Meta CEO Mark Zuckerberg during the Meta Connect event in Menlo Park, California, Sept. 17, 2025. David Paul Morris | Bloomberg | Getty Images As Meta pumps increasing amounts of cash into artificial intelligence, the company’s metaverse efforts continue to bleed money. In its first-quarter earnings report on Wednesday, Meta revealed that its Reality Labs […]
Read More
Meta looks to report fastest revenue growth since 2021
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., wears a pair of Meta Oakley Vanguard AI glasses during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025. David Paul Morris | Bloomberg | Getty Images Meta will report first-quarter earnings after the bell on Wednesday. Here’s what analysts polled […]
Read More
OpenAI looms over earnings from tech hyperscalers
CEO of OpenAI Sam Altman speaks during the 2026 Infrastructure Summit of government officials, corporate executives, and labor leaders, in Washington, D.C., U.S., March 11, 2026. Kylie Cooper | Reuters With the four tech hyperscalers — Amazon, Alphabet, Meta and Microsoft — set to report quarterly earnings after the close, hovering over their results is […]
Read More
Meta’s new AI model shows early promise, but investors want to see Zuckerberg’s strategy
Meta CEO Mark Zuckerberg during the Meta Connect event in Menlo Park, California, Sept. 17, 2025. David Paul Morris | Bloomberg | Getty Images With Mark Zuckerberg counting on Meta’s new artificial intelligence model, Muse Spark, to revive his company’s standing in the booming AI market, guidance and commentary are going to be of heightened […]
Read More
Meta will cut 10% of workforce as company pushes deeper into AI
Meta CEO Mark Zuckerberg leaves the Federal Courthouse in downtown Los Angeles after defending the company in a landmark social media addiction trial in Los Angeles, United States, on February 19, 2026. Jon Putman | Anadolu | Getty Images Meta plans to lay off 10% of its workforce, equaling about 8,000 jobs, as it continues […]
Read More
Meta is tracking employee keystrokes on Google, LinkedIn, Wikipedia as part of AI training initiative
Google, LinkedIn and Wikipedia are among hundreds of websites and apps where Meta plans to capture employee keystrokes and mouse clicks as part of a project to train its artificial intelligence models, according to internal messages viewed by CNBC. A new employee tracking tool, dubbed Model Capability Initiative (MCI), allows Meta to observe and collect […]
Read More
AI startup Cursor in talks to raise $2 billion funding round at valuation of over $50 billion
Key Points Artificial intelligence startup Cursor is in talks to raise a $2 billion fundraising round at an over $50 billion valuation, which does not include the investment, a source familiar with the matter told CNBC. Andreessen Horowitz is slated to co-lead the new investment round, in which Nvidia and Thrive Capital are also expected […]
Read More
SiIicon Valley’s AI agent hiccups: Wasted tokens and ‘chaotic’ systems
San Jose CA, commercial hub of silicon valley and its network of freeways. Steve Proehl | The Image Bank | Getty Images Despite the C-suite’s enthusiasm over artificial intelligence agents that can plow through office tasks like never-sleeping interns, the underlying technology is still rickety and a potential cost-sucker. That much was clear this week […]
Read More
Meta’s long-awaited AI model is finally here. But can it make money?
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., wears a pair of Meta Oakley Vanguard AI glasses during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025. David Paul Morris | Bloomberg | Getty Images Almost 10 months after Meta spent billions of dollars to bring in Scale AI’s […]
Read More