The spending has hurt the Silicon Valley giant’s cash flow, which turned negative. Meta said it would issue a new class of stock to help it raise more money.
The streaming service reported a 12 percent increase in quarterly revenue, but acknowledged that stagnant viewership, particularly in the U.S. and Canada, was a major concern.
Elon Musk’s rocket company said its artificial intelligence spending had soared, but revenue more than doubled from its Starlink internet satellite service and A.I. products.
Elon Musk’s rocket company said its artificial intelligence spending had soared, but revenue more than doubled from its Starlink internet satellite service and A.I. products.
Amazon joined a procession of tech giants that ramped up their spending on artificial intelligence, as its capital expenditures soared 69 percent. Concerns over the industry’s spending are mounting.
The Silicon Valley chipmaker’s revenue rose 25 percent in the latest quarter, its fastest growth in 15 years, as A.I. firms increasingly bought chips known as central processing units.
Google’s parent company, which has spent heavily on artificial intelligence, also showed growth across its businesses, particularly in cloud computing.
Tesla sales are rebounding in Europe even though many people have negative feelings about Elon Musk, the company’s chief executive. We want to know why.
Tesla sales are rebounding in Europe even though many people have negative feelings about Elon Musk, the company’s chief executive. We want to know why.
Tesla’s car sales took a big hit in Europe last year, in part because many people were turned off by the political views of the company’s chief executive, Elon Musk.
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