Meta’s revenue surges to $64.6 billion, but billions in settlements and skyrocketing AI spending turn screws on profit, free cash flow
Meta exceeds revenue estimates as capex nearly doubles from a year ago.
Read the full story at Fortune AI ↗
More stories
- Mark Zuckerberg says Muse has drawn 10M+ users since its launch and 25%+ of users are making purchases through the app, with an average purchase size of $200+ (Business Insider) — Techmeme
- Meta says it will create a new class of nonvoting stock to raise the capital it needs for developing AI models, with an effective date in January 2027 — Techmeme
- Anthropic launches Claude Duet, its answer to Meta and OpenAI's personal agents — Business Insider AI
- Meta Boosts Bet on AI With Spending Outlook, New Stock Class — Bloomberg AI
- Qwen3.8-Flash-Next 125B Q2_0 on a 24GB M4 Mac mini: ~8.1 tok/s with Strata — r/LocalLLM
- Meta's Muse hits 10M US downloads in 40 days, a milestone reached by only 11 other apps — TechCrunch AI
- Meta Muse exposes users' personal and business secrets when they share conversations — Ars Technica AI
- Introducing TorchTPU — PyTorch Blog
Get the daily brief of stories like this at 6:30 every morning →