Meta expects capital expenditure of $135 billion to $145 billion in 2026. It plans to keep investing in AI infrastructure and in new products. The company shared the outlook with its third-quarter results on 21 October.
Meta said its AI investments are already bringing in extra advertising revenue. It credits stronger engagement, better recommendations and more efficient monetisation. It expects these investments and new product...
SpaceX has closed a $40 billion debt financing deal to buy graphics processing units (GPUs) for AI infrastructure. CEO Elon Musk shared the news in a post on X. He also warned that tighter credit could trigger widespread consolidation among AI cloud providers.
Musk said SpaceX secured the financing because of its investment-grade status. Revenue from Starlink and rocket launches also helped. His comments come...
OpenAI has entered a new collaboration with Hon Hai Technology Group (Foxconn) focused on developing the next generation of hardware required for high-performance AI...
In a major leap for AI-driven manufacturing, Foxconn, the world’s largest electronics maker and key producer of Nvidia’s AI servers, has announced that it...
In a major boost to India’s electronics manufacturing ecosystem, Foxconn, the world’s largest contract electronics maker, has pledged a ₹15,000 crore investment in Tamil...
Apple is set to commence AirPods production at Foxconn’s Hyderabad facility from April, marking a significant expansion of its manufacturing footprint in India, industry...
