Overview

• Wall Street expects Meta’s Q2 profit to rise about 11.5% to $15.01 billion and revenue to grow 14.7% to $44.8 billion, marking the slowest gains in two and seven quarters respectively.
• Operating costs jumped nearly 9% as Meta poured billions into compute infrastructure and spent $14.3 billion for a 49% stake in Scale AI.
• Superintelligence Labs became fully operational last month after Meta recruited more than a dozen senior AI researchers to advance its open-source model strategy for enterprise and consumer devices.
• Construction has begun on the 1 GW Prometheus and 5 GW Hyperion superclusters in Ohio and Louisiana to power next-generation model training.
• Investors are scrutinising Meta’s AI spending as core ad revenue faces pullbacks under Trump’s tariffs and mounting competition from TikTok.