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The Latest Breaking News on AI

Meta CFO Says 'Significant Cash Tax Savings Ahead' After $15.9 Billion One-Time Hit Pushes Q3 Tax Rate To 87%

Meta Platforms Inc. (NASDAQ:META) suffered a $15.9 billion hit to profits during its third-quarter results, owing to a one-time tax hit.

Benzinga

Saudi Arabia's 'Sky Stadium' for FIFA 2034: Is the 46,000-Seat Arena Floating 350m in the Air Real or Just AI Fantasy?

Saudi Arabia's NEOM Stadium for the 2034 FIFA World Cup project is very real — but the 'Sky Stadium' version taking over social media isn't.

International Business Times UK

The AI boom isn't going anywhere

The longer the boom can keep carrying the economy, the more it can offset other structural changes.

Axios

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Alphabet's AI Bet Delivers Record $100 Billion Quarter, Cloud Backlog Surges To $155 Billion

Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) reported a stellar third quarter, achieving its first-ever $100 billion revenue quarter, signaling that the company's aggressive “full stack” approach to AI is now translating into significant financial gains across its core businesses.

Benzinga

Mark Zuckerberg Bets Big On Smart Glasses, Calls Meta's Wearables 'Extremely Profitable' Long-Term Play

On Wednesday, Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg addressed investor concerns about the profitability of the company's growing wearables business during the third-quarter earnings, saying Meta's investment in smart glasses and augmented reality devices could eventually turn into "an extremely profitable business."

Benzinga

'People Should Study Things They're Interested In:' Airbnb CEO Brian Chesky Warns Students To Stop Fearing AI, Focus On Timeless Skills

As artificial intelligence reshapes the workforce, Airbnb Inc. (NASDAQ:ABNB) CEO Brian Chesky is urging students to stop fearing the rise of machines and start mastering the timeless skills that technology can't replace.

Benzinga

Former Intel CEO Pat Gelsinger Applauds Nvidia's Move To Manufacture Blackwell AI Chips in Arizona: 'Well Done, Go Faster...'

On Wednesday, former Intel Corporation (NASDAQ:INTC) CEO Pat Gelsinger praised Nvidia Corp's (NASDAQ:NVDA) decision to shift production of its most advanced AI chips to Arizona

Benzinga

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Nvidia Hits $5 Trillion: Is This The Next Dot-Com Bubble Or AI Gold Rush? The 56x Return Investor Speaks

As chipmaker NVIDIA Corp. (NASDAQ:NVDA) surges past $5 trillion in market capitalization, several prominent analysts have reacted to the stock’s unrelenting rally, amid growing concerns regarding its sustainability and speculations of an AI bubble.

Benzinga

Sam Altman's OpenAI Targets Up To $1 Trillion Valuation In Historic IPO After Major Restructuring And California Approval: Report

OpenAI is reportedly laying the groundwork for a potential initial public offering that could value the ChatGPT maker at up to $1 trillion, marking what could become one of the largest IPOs in history.

Benzinga

Planet Labs Stock Skyrockets 215% as Investors Bet on AI-Powered Satellite Revolution — But Is It Too Late to Buy In?

Planet Labs' stock has soared over 215% in 2025, driven by AI integration and global Earth monitoring. Investors are optimistic about its role in the satellite revolution, but is it still a good buy?

International Business Times UK

Elizabeth Warren Says Fed Is 'Flying Blind' On Interest Rate Decision: 'Families Deserve The Facts About The Economy, Not More Lies From Trump'

Sen. Elizabeth Warren (D-Mass.) slammed President Donald Trump’s administration for withholding key economic data as the Federal Reserve makes key interest rate decisions.

Benzinga

Mark Zuckerberg Is A 'Wartime CEO' And Leading Meta Into Next Stage Of AI Revolution, Says Dan Ives — Stock Sell-Off Is Short-Sighted

Meta Platforms Inc. (NASDAQ:META) saw its stock tumble 7.37% in after-hours trading on Wednesday following its earnings release, but Wedbush analyst Dan Ives believes the pullback misses the bigger picture.

Benzinga

Steve Jobs Once Stressed The Importance Of 'Spontaneous Meetings' — Now Jamie Dimon Warns 'Young People Are Being Left Behind' For The Same Reason

It appears that Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk isn't the only person invoking Apple Inc. (NASDAQ:AAPL) co-founder Steve Jobs lately — JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon is also echoing the legendary tech mogul's belief.

Benzinga

Reality Labs, taxes hit Meta hard in Q3 2025 earnings as Zuckerberg explains when AI glasses will become 'profitable'

Meta earned $51.2 billion in revenue but was hit by a one-time $15.9 billion tax and $4.4 billion in Reality Labs losses, while Zuckerberg focused on AI.

Android Central

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The Guardian - UK

Teenage boys using ‘personalised’ AI for therapy and romance, survey finds

Male Allies UK worries rise in chatbot ‘girlfriends’ will leave boys unable to socialise and respect boundaries

Evening Standard

TikTok urged to clarify how it will moderate content amid proposed job cuts

MPs said planned job losses in the app’s trust and safety teams are ‘concerning’.

The Texas Tribune

Dallas residents sue city, testing Texas law aimed at ending progressive policies

A lawsuit filed Wednesday alleges that dozens of Dallas’ city ordinances violate the 2023 “Death Star” law.

International Business Times

Meta Stock Falls After Upbeat Quarter As AI Spending To Push Up 2026 Costs

Meta said its total expenses are expected to increase sharply in 2026, led by large investments in AI infrastructure, data centers, and employee compensation.

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Android Central

Alphabet's historic $102.3 billion quarter marks a new era for Google under Sundar Pichai

Alphabet reported its inaugural $100 billion quarter for Q3, fueled by surging revenues across all divisions, amidst an increasingly competitive landscape amid AI advancements.

Windows Central

Grammarly kills its perfectly good name to become ‘Superhuman’ — because nothing says originality like sounding exactly like every other AI startup

Grammarly rebrands as Superhuman, adopting the name of the AI email app it recently acquired.

The Guardian - US

Meta reports mixed financial results amid spree of AI hiring and spending

Tech company brings in record quarterly revenue but major tax bill dampens earnings per share

Windows Central

Microsoft's AI boss Mustafa Suleyman says "we will never build a sex robot" — as OpenAI relaxes erotica restrictions for verified ChatGPT users

Microsoft AI CEO Mustafa Suleyman recently revealed the company's firm stance against erotica and the development of sex robots.

Benzinga

Apple's Long-Term Outlook Brightens As AI, iPhone Demand Drive Growth

Apple Inc. (NASDAQ:AAPL) shares were steady on Wednesday as investors weighed long-term growth prospects and upcoming iPhone and services momentum.

Benzinga

Meta Stock Drops After Q3 Earnings: CapEx Will Be 'Notably Larger' in 2026

Meta Platforms, Inc. (NASDAQ:META) released its third-quarter earnings report after Wednesday's closing bell. Here's what to know:

The Independent UK

Meta shares slide after company projects higher expenses for 2026

Meta’s stock slid in after-hours trading Wednesday after the tech giant posted strong third-quarter results but warned that its expenses will be significantly higher in 2026 than this year

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