Meta's shares dropped more than 5% following reports that the company might raise tens of billions of dollars through a stock offering to fund its artificial intelligence initiatives. This move would follow Alphabet's recent announcement to raise $85 billion for similar AI investments. Meta has not officially hired banks or confirmed the stock sale, with a spokesperson calling the reports speculative. Both Meta and Alphabet are heavily investing in AI infrastructure, with Meta recently increasing its 2026 capital expenditure guidance to $145 billion. Investors remain cautious as Meta's stock has underperformed compared to Alphabet, which benefits from a strong cloud business.
Meta has integrated facial recognition code into its smart glasses companion app, Meta AI, which has been downloaded over 50 million times. The feature, called "NameTag," can biometrically identify people in view and notify the wearer, storing biomet...
Meta embedded facial recognition technology called "NameTag" into its AI companion app for smart glasses, downloaded by over 50 million users, though the feature is not yet activated. The tech can create biometric faceprints from people seen by the g...
New analysis from TS Lombard predicts that the US will invest about 2% of its GDP in artificial intelligence and data center infrastructure in 2026, totaling up to $800 billion. This investment surpasses that of any other country and is comparable to...
Apple and Alphabet are currently best positioned in the AI industry, generating strong positive free cash flow despite increased capital expenditures across the sector. In contrast, companies like Microsoft, Amazon, Meta, and Oracle are experiencing ...
Investor Bill Ackman compares today's mega-cap stocks to Berkshire Hathaway during the dot-com bubble, suggesting they are undervalued as the market chases new AI trends. He highlights Microsoft, Meta, and Amazon as key players benefiting from AI's g...
