Author: IQ TIMES MEDIA

Meta’s third-quarter earnings report did not land well with investors.In after-hours trading, Meta shares tumbled nearly 9% on Wednesday during the investor call.Meta beat Wall Street estimates with a reported revenue of $51.24 billion. However, a $15.9 billion tax charge, an earnings per share that missed expectations, and some concerns over whether Meta’s huge investments in AI will translate to profit, weighed down the company’s shares.From Meta’s burgeoning capital expenditure to what is driving revenue for the company, here are the biggest takeaways from the social media giant’s call with analysts.1. The cost of ‘novel capabilities’Meta CEO Mark Zuckerberg and…

Three Rhesus monkeys remain on the loose in eastern Mississippi on Wednesday, Oct. 29, after escaping from a truck that crashed while transporting them from Tulane University in New Orleans a day earlier. Contrary to initial reports, the monkeys were not exposed to any infectious diseases, the university said.The Jasper County Sheriff’s Department shared on Facebook that one monkey had escaped after the crash, but later updated the post after “officials from Tulane were able to get inside the truck and get a correct count.”Out of the 21 monkeys that were in the overturned vehicle, thirteen have been recaptured, five are…

JAKARTA (Reuters) -Indonesian authorities are investigating food poisoning cases involving nearly 700 children in Yogyakarta province this week, after students ate meals prepared under President Prabowo Subianto’s key free school meal programme, an official said.The school meal programme, rolled out in January, was a major election campaign promise from Prabowo, but some 15,000 children have fallen ill as of October 29, data from the non-governmental organisation known locally as JPPI showed.The JPPI has called for the programme to be suspended.Improper food storage and late delivery of cooked meals are often to blame for the poisoning, authorities have said.In the Indonesian…

Cluely’s Roy Lee has a message for startup founders: you should be thinking harder about how to go viral. “Generally, if you’re not in deep tech, then you need to low-key deep focus on distribution,” Lee told the crowd at Disrupt 2025. But he also made it clear that not everyone was cut out for this kind of viral marketing. “If you’re any good at engineering, you’re probably not funny and you’re probably not going to be a content creator because you don’t have it in your blood. Realistically, most of these people have no chance of going viral.” Cluely’s…

Talk of an AI bubble isn’t slowing down Big Tech. Google, Meta, and Microsoft are spending more than ever to build the backbone of the AI boom.All three reported earnings on Wednesday, and all three told investors they’ll spend even more on the data centers and chips at the heart of their massive AI bets — raising guidance and saying 2026 will bring even higher spending than 2025.Google said it now expects to spend between $91 billion and $93 billion this year on capital expenditures. That’s an increase from the $85 billion figure it gave to analysts and investors in…

Meta CEO Mark Zuckerberg fielded a barrage of investor questions on Wednesday about where exactly the billions of dollars Meta is pouring into AI are going.Meta expects capital expenditures to climb sharply through 2026 as it races to build computing infrastructure and hire top AI researchers, the company revealed in its third-quarter earnings report. In a call with analysts, Zuckerberg defended this strategy as essential to Meta’s push to compete with AI rivals.Meta CFO Susan Li said the company now expects to spend $70 billion to $72 billion on building AI infrastructure this year, up slightly from the $66 billion…

2025-10-29T23:47:01Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Thousands of Amazon workers lost their jobs this week. The layoffs were a major shake-up at the tech giant and could be a sign of things to come in the age of AI. BI correspondents will take reader questions live here at 2 pm ET on Thursday. With AI…

The rise of agentic coding tools has been a sea change for software engineers across the industry — but for Solana Labs CEO Anatoly Yakovenko, it seems to have landed particularly hard. Speaking at TechCrunch Disrupt, Yakovenko said he’s become increasingly comfortable taking a back seat in software development tasks. “AI has been a great force multiplier for somebody who’s an expert,” said Yakovenko, describing his experience with agentic coding after more than 15 years developing software. “Now I can just watch Claude churning through its thing and I can almost smell when it’s going off the rails.” “If people…

By Susan Heavey and Ahmed AbouleneinWASHINGTON (Reuters) -Donald Trump’s top health official on Wednesday said evidence does not show that Kenvue’s pain medicine Tylenol definitively causes autism but that it should still be used cautiously, a month after the president said U.S. health officials would recommend limiting its use.U.S. Health Secretary Robert F. Kennedy Jr.’s comments also come one day after the Republican state of Texas sued the maker of the medicine, also known as acetaminophen and which has been sold widely for decades.”The causative association … between Tylenol given in pregnancy and the perinatal periods is not sufficient to…

Microsoft Chief Financial Officer Amy Hood highlighted a record $34.9 billion in spending on infrastructure to meet AI demand and the company’s new OpenAI deal in an internal memo to company employees following earnings on Wednesday.Microsoft reported revenue of $77.7 billion for the first quarter of its fiscal year ending in September, exceeding Wall Street expectations. Microsoft’s stock fell more than 3% in after-hours trading, amid signs that demand for AI and cloud computing resources is exceeding the company’s supply. An Azure outage preceded the earnings release. Investors are also broadly worried about whether Big Tech’s massive spending on AI…