43 articles tagged
U.S. tech companies have issued over $200 billion in bonds this year to fund a massive expansion of AI infrastructure, raising concerns among market analysts.
Tech giants including Google, Meta, Microsoft, and Amazon are dramatically accelerating their multi-billion dollar spending on AI, fueling concerns of a market bubble.
Big Tech giants are pouring billions into AI, but their strategies are splitting. Microsoft is building to meet existing demand, while Meta makes a speculative bet on the future.
Meta's plan to spend up to $72 billion on AI this year has spooked Wall Street, causing its stock to drop over 11% despite strong revenue reports.
Meta Platforms is set to spend over $100 billion next year on artificial intelligence, a massive gamble by Mark Zuckerberg that caused a $160 billion market value drop.
Meta Platforms has appointed Vishal Shah, former head of its metaverse division, to lead its AI product management team. This strategic move highlights Meta's intensified focus on artificial intellige
OpenAI has unveiled Sora 2, a powerful text-to-video AI model, creating a new competitive challenge for Meta's video-centric platforms like Instagram Reels.
Conversations with AI chatbots are being used as evidence in criminal cases, as they lack the legal protections of discussions with doctors or lawyers.
Meta is introducing new parental controls for Instagram, allowing parents to block or limit their teens' conversations with AI chatbots starting in early 2024.
Meta and Blue Owl Capital are finalizing a record-breaking $30 billion deal to finance an AI data center in Louisiana using an innovative financial structure.
Apple's head of AI-driven web search, Ke Yang, has departed the company to join rival Meta Platforms, a significant setback for Apple's Siri development.
Meta now controls over 60% of the Extended Reality market, prompting Apple to reportedly halt its Vision Pro 2 development to focus on AI-powered smart glasses.
