AI Business Aug 1, 2026
Meta Q2 2026: $60.8 Billion Revenue But Free Cash Flow Plunges 91% Amid Record AI Spending
Meta posted $60.8 billion in Q2 2026 revenue but free cash flow fell 91% year-over-year amid record AI capex. The company also launched cut-price Muse Spark 1.1. The results highlight the financial strain of the AI infrastructure race.
AI Business Jun 10, 2026
Fresh off Bond Sale, Amazon Borrows $17.5B from Banks as AI Spending Continues
Amazon signed a $17.5 billion delayed-draw term loan led by Citigroup, just two days after a $14 billion Canadian bond sale brought new financing to $31.5B in 48 hours.