The company warned of accelerating capital expenditures around artificial intelligence, sending shares down 7% after hours.

On an earnings call, Zuck acknowledged that Meta’s massive AI spend might not go as intended in the near future.

Meta on Wednesday forecast "notably larger" capital expenses next year thanks to investments in artificial intelligence, ...

Meta plans to spend up to $72 billion on AI infrastructure this year, with CEO Mark Zuckerberg defending the long-term ...

Meta CEO Mark Zuckerberg doesn't want investors to worry about how much his company is spending on artificial intelligence, ...

Meta has laid off 600 employees in its AI unit as it restructures operations and consolidates leadership under Wang Jian to ...

Meta CEO Mark Zuckerberg said the company’s massive investment in AI research will “enable new technological capabilities to ...

Meta CEO Mark Zuckerberg is getting ready to dump even more AI-generated posts into your social feeds. During an earnings ...

Live Updates Live Coverage Updates appear automatically as they are published. Get The Best Meta Live Earnings Coverage Like ...

The Facebook and Instagram parent also said capital expenditure next year would be “notably larger” than in 2025.

The move comes after Strike 3 Holdings discovered illegal downloads of some of its adult films on Meta corporate IP addresses ...

Meta reported robust third-quarter revenue driven by ad demand, but a $15.9 billion one-time tax charge weighed on its profit ...