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Meta beat revenue forecasts, but a $135 billion to $145 billion spending plan and its first negative quarterly free cash flow in years rattled investors. Here is what the numbers mean for the AI race.
DeepSeek and MiniMax have cleared Beijing's new export registration, letting them keep open sourcing and licensing models abroad. The approval calms developers, and confirms China now runs a gate on its
AI-linked stocks slid on October 22 as Meta's new share class and rising spending raised fresh doubts about who pays for the AI buildout. Nvidia fell about 4% and the Nasdaq lost 2.6%.
OpenAI is closing in on an up to $30 billion round at a $1.25 trillion valuation led by UAE investors and Coatue, CNBC reports. The price is lower than what OpenAI reportedly wanted weeks ago, and the Gu
Meta is creating a non-voting Class C stock as AI spending pushes its free cash flow negative. The new shares give it a way to raise money without touching Mark Zuckerberg's control.
China has proposed restricting or banning exports of 40 technologies, including 23 AI technologies such as advanced large models and AI agents for sensitive environments, citing national security as its
