An update on the company’s AI spending plans and the shrinking of free cash flow to less than $1 billion heightened scrutiny on the cost of its infrastructure build-out.

For capital expenditures, Meta narrowed its guidance for the year to between $130 billion and $145 billion from a prior range of $125 billion to $145 billion. With Meta pouring money into artificial intelligence infrastructure, Meta's free cash flow dwindled to $784 million in the quarter from $8.55 billion a year earlier.

Mark Zuckerberg said Meta intends to sell for the first time AI tools to other companies

Meta's AI investments raise concerns as its stock drops 10%. Analysts question the strategy, while CEO Mark Zuckerberg sees growth in AI technology.

Meta Platforms says its second-quarter profit declined even as revenue beat Wall Street’s expectations, as legal expenses and severance costs for recent layoffs weighed on its results.

City Rep. Josh Acevedo wants to review Meta incentives after BlackRock bought a majority stake in the El Paso project.

A Times examination details how the Silicon Valley giant used private talks with local officials to start a project big enough to cover nearly six square miles.

Two of the biggest so-called AI hyperscalers reported earnings after the bell on Wednesday. Their share prices this morning tell very different stories. Yesterday, both Microsoft Corporation (Nasdaq: MSFT) and Meta Platforms,

Meta's free trades program promises laid-off workers a guaranteed job offer, but for someone closing in on 60, the most valuable thing those wages could buy has nothing to do with the work itself.

The Silicon Valley company’s costs rose more steeply than revenue growth, as it continues to invest heavily in artificial intelligence.