Meta CEO Mark Zuckerberg criticized the concentration of AI technology in a few powerful companies and opposed bans on Chinese AI models, advocating for open access to AI to drive prosperity and job creation. He expressed concern that centralizing AI power could be dangerous and counterproductive, urging policymakers to focus on accelerating AI development domestically rather than restricting access. Despite fears of job losses due to AI, Zuckerberg highlighted that AI infrastructure is creating new jobs and entrepreneurial opportunities. Meta continues investing heavily in AI, though it trails competitors like OpenAI and Anthropic, while navigating regulatory challenges in the US.
Meta, led by Mark Zuckerberg, is in early discussions to lease $10 billion worth of AI computing power to Anthropic. This deal could create a significant new revenue stream for Meta, helping to offset its substantial spending on artificial intelligen...
Meta Platforms will release its Q2 2026 earnings on July 29, with analysts expecting earnings per share around $7.19 to $7.23 and revenue between $59.5 billion and $60.22 billion, marking a strong year-over-year growth from $47.52 billion. The report...
Direxion introduced six new Defined Income Boost ETFs on July 29, 2026, targeting major tech companies like Google, Meta, Nvidia, Tesla, Micron, and Palantir. These ETFs aim to provide investors with income—targeting 20% annualized—through selling ca...
Meta Platforms is forecasted to exceed Wall Street's Q2 revenue and earnings expectations, driven by robust advertising demand and early returns from AI investments. Bank of America projects $60.6 billion in revenue and $7.50 earnings per share, abov...
Meta Platforms faces a critical Q2 earnings report after a nine-day stock slide and is trading below key moving averages, with investors watching for updates on AI advertising and spending. Microsoft also reports, with focus on Azure growth, Copilot ...
