Meghan Bobrowsky

The company said its second-quarter sales were $60.8 billion while the minimum spending on its AI buildout for the year would increase by $5 billion.

Meta Platforms reported record revenue for the second quarter, but an update on the company's AI spending plans and the shrinking of free cash flow

Meta Platforms investors tuned into the company's second-quarter earnings call hoping to hear reassuringly specific answers about how much more the

Meta fell and Microsoft rallied after sending very different signals on how they’re monetizing their massive AI outlays.

The unconditional-love phase of Wall Street's AI romance is over.

Three other longtime Google scientists will join Jeff Dean to launch Discovery Loop, which will apply automated AI research to drug design and other challenges.

Jeff Dean, one of Google's earliest employees and an architect of its artificial-intelligence strategy for the past 15 years, is leaving the company to launch an AI startup focused on scientific discovery.

Google announced new leadership of its artificial-intelligence operations Wednesday, a shake-up that follows a wave of high-profile departures and delays in releasing a model on par with top offerings from Anthropic and OpenAI.

The company, pressed by investors to generate revenue from AI, says its offering will cost less than popular alternatives.

Meta Platforms wants in on Silicon Valley's hottest product du jour: coding agents.