Chris Malone, OpenAI's head of data centers, has left the company after joining in March 2025, marking another high-profile executive departure amid several others this year. Malone played a key role in overseeing OpenAI's infrastructure plans, including a $600 billion compute investment target by 2030. His exit comes as OpenAI faces growing scrutiny over data center expansion and prepares for a planned IPO in 2027. Despite the departures, OpenAI leadership says the company remains well-equipped to execute its ambitious plans.
Reddit reported strong Q3 2026 earnings with revenue up 53% and net income rising 74%, beating analyst expectations. However, its stock fell 25% as CEO Steve Huffman warned that Google's AI-powered search is reducing Reddit's referral traffic, potent...
Reddit's stock dropped 5% before its Q3 2026 earnings report due to worries about slowing U.S. user growth, contributing to a 44% year-to-date loss. The company forecasts slower revenue growth for Q3 compared to Q2, with international user growth out...
Meta and Alphabet both increased capital expenditures significantly in 2026, leading to negative free cash flow despite strong growth in their core businesses. Meta's ad revenue rose 26.1%, driven by a 14% increase in ad pricing and widespread use of...
Amazon's stock dropped 3% ahead of its Q3 report, pressured by Alphabet's 12% plunge after disappointing results. Investors are closely watching Amazon Web Services (AWS) growth and margins, with analysts expecting strong revenue growth of 38% for AW...
Meta Platforms announced a 2-for-1 stock split through nonvoting Class C shares, linked to a $60 billion at-the-market stock-sale program as part of a $95 billion financing plan. This move aims to raise capital to support heavy AI investments and inf...
