A year after its founder left for Meta, Scale AI has a new boss. The choice says a lot about where the company is heading. It has named Francis deSouza, a veteran enterprise-cloud executive, as chief executive. deSouza starts on 10 August, Scale announ…
Mark Zuckerberg thinks almost everyone will soon have an AI that works for them. On Meta’s second-quarter earnings call on 29 July, he predicted that within five years “billions of people” will each have “a personal agent that understands your goals,” …
Meta says people are spending more time on Instagram, and it credits its artificial intelligence for the increase. Global time spent on the app grew by double digits year on year in the second quarter, the company told investors, driven by AI-tuned rec…
Meta told investors it will spend even more on artificial intelligence this year, narrowing its capital-expenditure forecast for 2026 by lifting the floor rather than the ceiling. The company now expects to spend between $130 billion and $145 billion, …
Meta is all-in on AI, and sometime soon, the company is going to make a big push into personal AI agents that can do things on your behalf. On Wednesday’s Q2 2026 earnings call, CEO Mark Zuckerberg previewed a high-level vision of how the company is thinking about personal agents and what it will do […]
Two of the biggest AI spenders reported on the same day. Microsoft’s spending showed up as cloud revenue. Meta’s showed up as a hole in its cash flow. Meta’s revenue rose 28% to $60.8bn, beating forecasts, CNBC reported. But profit fell 14% to $15.8bn,…