While Microsoft didn’t offer a specific forecast for its AI capital expenditures for the next quarter or coming year, the company’s chief financial officer, Amy Hood, said that the company’s total spend will “increase sequentially, and we now expect the fiscal year 2026 growth rate to be higher than fiscal year 2025.” Tech companies are…
(Reuters) -Shares in three of the “Magnificent Seven” companies with significant investments in artificial intelligence were mixed in after-hours trade on Wednesday after the mega caps released third quarter earnings. Shares in Google-parent Alphabet rose 6.2% after the company beat Wall Street estimates for third-quarter revenue on Wednesday, as both its core advertising business and…
Beyond Meat may be plant-based, but investors are beefing up their holdings as the company’s stock becomes a so-called meme asset. Shares of the firm have surged over 1,000% since hitting a record intraday low last week, as the company announced its creditors had accepted a debt swap. Demand for Beyond Meat and other plant-based…
New data indicates that use of Meta AI’s mobile app for iOS and Android has seen a significant increase. According to a new analysis from market intelligence provider Similarweb, the app’s daily active users across both platforms jumped to 2.7 million as of October 17, up from around 775,000 just four weeks ago. In addition,…
Meta is getting ready to pull support for its desktop Messenger apps on Windows and macOS. Both apps have already been removed from the Microsoft Store and Mac App Store, and existing users are starting to get notifications that the desktop apps will disappear fully in December. A Meta support page, first spotted by Apple…
A US court has ordered Israel’s NSO Group that makes Pegasus spyware to permanently stop attempting to break into Meta-owned WhatsApp messaging service, a ruling the spyware company warned could threaten its business viability. US District Court Judge Phyllis Hamilton issued a 25-page ruling this week imposing a permanent injunction against NSO’s efforts to target…
Meta is shutting down its Messenger app for macOS and Windows and pushing users to the web. Meta confirmed over email to Engadget that the app will be fully shutdown on December 15, after which the easiest ways to access Messenger chats when you’re not on your phone will be the Facebook app on Windows,…
Meta is shutting down Messenger’s standalone desktop apps for Windows and Mac on December 15, the company confirmed to TechCrunch on Thursday. Starting December 15, users will no longer be able to log into the apps and will be automatically redirected to the Facebook website to access Messenger. “If you’re using the Messenger desktop apps,…
Alibaba Group chairman Joe Tsai has challenged the prevailing narrative of US-China artificial intelligence competition, arguing that the race has no definitive winner because success should be measured by adoption speed rather than model superiority. “When it comes to AI, there’s no such thing as winning the race. It’s a long marathon,” Tsai said at…
Good morning. Fortune’s Most Powerful Women Summit kicks off today in Washington, D.C. and there are quite a few notable tech folk on the agenda. Among them: Best Buy’s Corie Barry, Palantir’s Shannon Clark, Microsoft’s Amy Coleman, Logitech’s Hanneke Faber, IBM’s Radha Iyengar Plumb, Workday’s Emma Chalwin, ServiceNow’s Gina Mastantuono, Airbnb’s Ellie Mertz, DoorDash’s Tia…