Meta’s profit falls 14% as AI spending continues

4 min readNew DelhiJul 30, 2026 09:31 AM IST Products on display at the Meta lab pop-up on 5th Avenue in Manhattan on Wednesday, July 29, 2026. (Lexi Parra/The New York Times) Meta has bet big on artificial intelligence. On Wednesday, it said that bet would not let up. The Silicon Valley company, which owns Facebook, I

Meta shares plunged on Wednesday as investors baulked at its promise to maintain spending on artificial intelligence (AI) projects even as profits dwindle.

Meta profits fall as cost of layoffs bites  The Times

Mark Zuckerberg said Meta intends to sell for the first time AI tools to other companies

The Silicon Valley company’s costs rose more steeply than revenue growth, as it continues to invest heavily in artificial intelligence.

July 28 : Shares in Games Workshop fell as much as 6.5 per cent on Tuesday after the British miniature wargames maker flagged tariff headwinds and higher plastic prices stemming from the Iran war, overshadowing record annual profit.Here are some details:• Games Workshop said new U.S. tariffs are expected to create an a