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Meta narrows annual capital expenditures outlook for ‘superintelligence’ push

Meta narrows annual capital expenditures outlook for ‘superintelligence’ push

by Chris Dubois | Jul 30, 2025 | AI News

Jaspreet Singh and Echo Wang 2 min read By Jaspreet Singh and Echo Wang (Reuters) – Meta Platforms forecast third-quarter revenue well ahead of Wall Street expectations, and raised the lower end of its capital expenses forecast for the year, sending its shares...
Meta Shares Jump After Strong Third-Quarter Sales Forecast

Meta Shares Jump After Strong Third-Quarter Sales Forecast

by Chris Dubois | Jul 30, 2025 | AI News

Meta Platforms Inc. topped projections for second-quarter sales and gave a stronger-than-expected forecast for the current period, a sign that the social media company’s advertising business is still growing quickly enough to support aggressive spending on artificial...
Zuckerberg claims ‘superintelligence is now in sight’ as Meta lavishes billions on AI

Zuckerberg claims ‘superintelligence is now in sight’ as Meta lavishes billions on AI

by Chris Dubois | Jul 30, 2025 | AI News

Whether it’s poaching top talent away from competitors, acquiring AI startups or proclaiming that it will build data centers the size of Manhattan, Meta has been on a spending spree to boost its artificial intelligence capabilities for the better part of a month. In a...
UM spinout goes public in $96M deal

UM spinout goes public in $96M deal

by Chris Dubois | Jul 30, 2025 | AI News

Ambiq Micro’s NYSE debut brings windfall to Michigan investors as shares nearly double. 
Is AI causing tech worker layoffs? That’s what CEOs suggest, but the reality is complicated

Is AI causing tech worker layoffs? That’s what CEOs suggest, but the reality is complicated

by Chris Dubois | Jul 30, 2025 | AI News

Help wanted sign is displayed at a live music and blues club in Chicago, Thursday, July 24, 2025. (AP Photo/Nam Y. Huh) · Associated Press Finance · ASSOCIATED PRESS MATT O’BRIEN 5 min read If you read the typical 2025 mass layoff notice from a tech industry...
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