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 Jul 29, 2026
Microsoft Books $3.2 Billion Gain on Anthropic, Writes Down OpenAI Stake
Microsoft's fiscal Q4 2026 results included a $3.2 billion gain from its Anthropic investment, against a roughly $600 million write-down on its OpenAI stake. The mixed results highlight the diverging trajectories of AI's two leading labs.