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CEO Mark Zuckerberg has poured resources into AI model development, chatbot products, and engineering talent to support the company's buildout. Meta set its 2026 capital expenditure guidance at $115 billion to $135 billion, almost double the $72 billion it spent in 2025.
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Gale said media reports about the cuts forced the company to announce the layoffs earlier than planned.
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No. The arms race is real and unforgiving
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If productivity improves, who can blame them?
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<!--[if mso]><a href="https://www.ne16.com/t/10658717/222404108/9646805/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNC0yNCUyMCUyOFVTJTI5&x=dfc1a155"
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<img alt="NurPhoto / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2165112848.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3NzcwMjUxOTMuMzg0Mjh9:1wGDQf:oJ_PbNFvNtqk4Xb0t6iFcknW8C0YzdwCehfzRG0YOiA" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
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<a data-linktext="Warner Bros. Discovery shareholders approve Paramount's takeover." data-linktype="Normal" style="color:#105C8E" target="_blank">
Warner Bros. Discovery shareholders approve Paramount's takeover.
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The $110 billion merger is expected to close later this year at $31 per share, a 147% premium to Warner's unaffected stock price. Approval did not extend to
executive pay. Regulators can still block the transaction.
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Kalshi suspends 3 federal candidates for betting on their own elections.
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The prediction market platform said a Minnesota Democrat, a Texas Republican, and a Virginia independent committed "political insider trading." One of the politicians said their wager was a ploy to expose prediction market activity.
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<a data-linktext="American Airlines slashes its 2026 earnings forecast as jet fuel costs soar." data-linktype="Normal" style="color:#105C8E" target="_blank">
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<a aria-label="Sebastien Bozon / Getty Images" style="color:#105C8E" target="_blank" title="Sebastien Bozon / Getty
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<strong style="color: var(--blue-cta-default)">
<a data-linktext="Anthropic is now worth $1 trillion on private markets, surpassing OpenAI's $880 billion." data-linktype="Normal" style="color:#105C8E" target="_blank">
Anthropic is now worth $1 trillion on private markets, surpassing OpenAI's $880 billion.
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On Forge Global pegged Anthropic's value at more than double the $380 billion its most recent primary round implied. Anthropic shareholders, inundated with offers, show little inclination to sell.
</div>
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<a aria-label="SOPA Images / Getty Images" style="color:#105C8E" target="_blank" title="SOPA Images / Getty Images">
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<strong style="color: var(--blue-cta-default)">
<a data-linktext="Avis Budget Group stock falls more than 70% over two days." data-linktype="Normal" style="color:#105C8E" target="_blank">
Avis Budget Group stock falls more than 70% over two days.
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The car rental company had surged about 600% in an epic short squeeze before reversing. Short sellers generated $2.8 billion in gains. Volume over the two days exceeded 10 million shares against
36 million outstanding.
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