Meta on Wednesday forecast "notably larger" capital expenses next year thanks to investments in artificial intelligence, including aggressively building data centers to power its AI push. The Facebook and Instagram parent reported third-quarter revenue growth of 26% that beat market estimates,

Meta plans to spend up to $72 billion on AI infrastructure this year, with CEO Mark Zuckerberg defending the long-term strategy.

Today’s Forbes Daily newsletter covers Amazon’s after-hours surge, the new youngest self-made billionaires, a record NBA sale, the highest-paid dead celebrities and more.

Fears that artificial intelligence investments have been overhyped sent the tech-heavy Nasdaq down 1.2% by approximately 2:45 p.m. ET.

Meta Platforms, Inc.'s has strong revenue growth and user base, but heavy AI and VR investments raise risks. Click to see if META stock is a good buy now.

Earnings fell significantly below Wall Street’s expectations, though Meta said it would have exceeded projections before a hefty tax charge.

If strong demand for Meta's Oakley and Ray-Ban smart glasses continues, they could turn out to be a "very profitable investment," according to Meta CEO Mark Zuckerberg. Glasses from both of Meta's collaborations are selling well,

Meta Platforms (META) dips as investors worry over AI spending and margins. Read the latest analysis on the stock here.

Meta CEO Mark Zuckerberg is getting ready to dump even more AI-generated posts into your social feeds. During an earnings call on Wednesday, Zuckerberg said the company will “add yet another huge corpus of content” to its recommendations system as AI “makes it easier to create and remix” work that gets shared online.