Meta's strong earnings report sent its stock soaring after hours. The company also made it clear that the AI talent wars come with a hefty price tag.

In the midst of an artificial intelligence spending spree, Meta posted stronger-than-expected results for the second quarter, buoyed by growing ad revenue even as its expenses increased

Meta Platforms Inc (NASDAQ:META) surged over 8% in after-hours trading Wednesday following stronger-than-expected second-quarter earnings and optimistic guidance, fueled by its expanding artificial

China's cyberspace regulator said it has asked U.S. semiconductor maker Nvidia to explain whether its H20 artificial intelligence chips have any backdoor security risks.

The cyberspace regulator in Beijing said it questioned Nvidia over its H20 chips, which Washington only recently allowed to resume being exported to China.

While Nvidia has been given assurances by Washington that it will be allowed to resume exports of its made-for-China H20 general processing units, the AI chips may be met with increased scrutiny from

Microsoft forecast on Wednesday a record $30 billion in capital spending for the current fiscal first quarter, after booming sales in its Azure cloud computing business showcased the growing returns on its massive bets on artificial intelligence.

Microsoft Corp. said it will spend more than $30 billion in the current quarter to build out the data centers powering its artificial intelligence services.

Microsoft significantly exceeded earnings expectations for the June quarter and disclosed its standalone annual Azure revenue for the first time — providing new clarity into how it stacks up against Amazon and Google in the cloud.