Meta Platforms reported second-quarter free cash flow of US$784 million on July 29, down from US$8.55 billion a year earlier, as the US company raised the lower end of its 2026 capital-expenditure forecast to US$130 billion; Mark Zuckerberg defended the AI buildout and sketched a path to returns while the advertising business kept growing; Meta stock fell 10% after hours; Zuckerberg also hinted at entering cloud services, which would pit Meta directly against AWS, Azure and Google Cloud

Meta AI, the US company Meta Platforms' AI division, built the world's most-used assistant and is pivoting from open-weight models to closed frontier development.

Meta Platforms Inc., the US tech company behind Facebook, Instagram, and WhatsApp, faces FTC monopoly appeals and EU Digital Markets Act proceedings that could force structural changes.

Five Thinking Machines founders hired, one on a reported $1.5bn package; Muse Spark breaks with the open-source Llama tradition