genai / news / / Gizmodo
Meta, Google, Amazon and Microsoft all reported earnings on Wednesday.
Meta's 2026 capital expenditures could exceed $145 billion, doubling last year's $72 billion spend.
KEY POINTS
- Meta cited higher global memory prices, driven by AI demand, as the main reason for rising costs.
- Meta's Reality Labs has now lost over $80 billion in six years, with $4 billion lost last quarter.
- Meta debuted the Muse Spark AI model, planning to open-source it, as the first output from Superintelligence Labs.
- Meta is laying off 10% of its workforce and offering buyouts to 7% of U.S. staff amid AI investments.
COMPANIES
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