Meta Platforms reported a 13% drop in Q2 earnings per share and a 90% decline in free cash flow, driven by a 55% rise in expenses and heavy investment in AI infrastructure. Despite this, revenue grew 28%, and the company maintains a strong balance sheet with $90.3 billion in cash against $83.7 billion in debt. The current stock pullback is viewed as a buying opportunity, with expectations that AI monetization will drive growth and a higher share price over the next 3 to 5 years.
OpenAI has expanded its Daybreak cybersecurity program to include two access levels: Daybreak Blue and Daybreak Red, aimed at helping partners defend against evolving cyber threats. Daybreak Blue offers access to advanced general AI models with modif...
Meta introduced Muse Glimmer, a 30-billion parameter open-weight AI model designed to run locally on consumer hardware like Macs or PCs with a single GPU. It supports multi-step tasks such as coding, file management, and scheduling, all while priorit...
Meta CEO Mark Zuckerberg outlined a vision for artificial intelligence focused on empowering individuals rather than replacing workers. In a detailed essay, he emphasized making advanced AI widely accessible to foster entrepreneurship, scientific res...
NVIDIA and Meta Platforms stand out among the Magnificent 7 stocks for 2027. NVIDIA benefits from massive AI infrastructure demand, with Q1 FY27 revenue up 85%, strong data center growth, and a $119 billion supply pipeline, targeting a stock price of...
Meta CEO Mark Zuckerberg announced that the company will open source the weights of its latest AI model, Muse Spark 1.2, allowing public access and use. Additionally, Meta will launch a new family of open-source AI models called Muse Glimmer, designe...
