Big Tech is unleashing a massive AI spending spree, with Meta and Tesla doubling down on capital expenditure even as chip shortages and bubble fears grow
Meta CEO Mark Zuckerberg appointed Scale AI founder Alexandr Wang to head Meta Superintelligence Labs following a $14 billion investment, as the 28-year-old enters Forbes' 40 Under 40 list
Powell McCormick, who served as Trump's deputy national security adviser during his first term, is considering retaining an advisory role where she continues working with Meta's senior leadership team
Elon Musk has become the richest person the world has ever seen. His net worth has surged past $600 billion, driven largely by SpaceX’s soaring valuation and IPO buzz.
Forbes' Real-Time Billionaires tracker showed Elon Musk's net worth climbing past $684 bn, a milestone no one has previously reached, after reports said SpaceX was preparing for a public listing
CEO Mark Zuckerberg has heavily bet on the augmented-reality unit, with the company changing its name to Meta from Facebook in 2021. The unit has burned more than $60 billion since 2020
Today's columnists write about long-term oil forecasts and wartime 'jugaad' to India's cricket woes, the AI investment frenzy and a new documentary probing US secrecy on non-human intelligence
Amazon is returning to the US bond market after three years to raise $12 billion, aiming to fund its growing investments in AI and expand its infrastructure
Meta's stock fell 11%, the most since 2022, after it said to issue the biggest investment-grade bond offering of the year to boost spending on AI research, dropping Zuckerberg's net worth
Meta Platforms' $25 billion bond sale, among the biggest US corporate bond offerings of 2025, will help the company to ramp up AI infrastructure and integrating AI services into core products
Three bellwethers from different corners of the technology world - Alphabet Inc, Meta Platforms Inc and Microsoft Corp - together racked up some $78 billion in capital expenditures last quarter up 89%
Meta to cut 600 positions from its AI labs; Smallest AI, led by Indian-origin founder Sudarshan Kamath, has offered to hire these affected employees with top salaries of $600,000
The financing is set to provide a roadmap for other hyperscalers looking to develop data centre without harming their credit ratings, as firms go on borrowing binges to try to keep up with the costs
Attaullah Baig said Meta ignored repeated warnings about hacks and data risks on WhatsApp, gave staff wide access to private details and then fired him after he raised concerns
Meta is hiring contractors fluent in Hindi, Spanish, Portuguese, and Indonesian to design culturally relevant AI chatbots for Instagram, WhatsApp, and Messenger
At a White House dinner, Mark Zuckerberg pledged $600 bn US investment but a hot mic later caught him telling Trump he had guessed the number, sparking viral reactions
