Meta has exited the RE100 renewable energy initiative after a decade, coinciding with its significant investments in natural gas power plants to fuel its AI data centers. Despite its claim to use 100% renewable energy, Meta's reliance on natural gas—which emits considerable pollution—contrasts with stricter renewable standards now promoted by RE100. This move highlights tensions in defining "clean energy" as Meta offsets its data center power use with renewable energy certificates rather than fully renewable sources. Competitors like Apple, Google, and Microsoft remain in RE100, with some pushing for more rigorous renewable matching methods.
Recent U.S. economic data shows cooling inflation and resilient consumer spending, easing concerns and shifting Wall Street's focus to Q2 earnings from major tech companies like Alphabet, Tesla, and IBM. These earnings will provide insight into AI sp...
Big Tech companies like Google, Microsoft, Meta, and Amazon are accelerating AI revenue growth but facing financial challenges as capital expenditures (capex) rise faster than operating cash flow. The company with the highest capex in 2026 has turned...
Meta CEO Mark Zuckerberg shared an optimistic view on AI's future, countering fears that AI will harm social connections or lead to widespread job losses. In a new video campaign, Zuckerberg emphasized Meta's mission to connect people and provide fre...
Meta released a new advertisement promoting AI with optimistic visuals but set to David Bowie's 'Five Years,' a song about humanity facing extinction in five years. This ironic choice contrasts the hopeful message about AI's positive future impact, d...
Corporate bond yields and credit spreads are increasing due to a surge in capital expenditures, especially in tech companies like Oracle, Nvidia, Dell, and Meta. This rise in credit risk is reflected in Oracle's CDS default probability jumping from 3...
