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Meta beat revenue forecasts, but a $135 billion to $145 billion spending plan and its first negative quarterly free cash flow in years rattled investors. Here is what the numbers mean for the AI race.
Meta is creating a non-voting Class C stock as AI spending pushes its free cash flow negative. The new shares give it a way to raise money without touching Mark Zuckerberg's control.
Meta unveiled the Muse Charm at Connect 2026, a Tamagotchi-style wearable keychain built to give its Muse personal AI agent a physical presence, arriving in December as Muse's app usage climbs past 500,0
Mark Zuckerberg released a sweeping 6,500-word manifesto arguing that open-source AI is America's best strategy to counter China's rapid AI advances, as Meta launched Muse Glimmer, a lightweight open-wei
Meta is building a new cloud business to sell excess AI computing capacity and model access to outside customers. The move positions the social media giant in direct competition with Amazon AWS, Microsof
