Mark Zuckerberg spoke about his ambitions for Meta’s AI smart glasses business during Meta’s Q4 2025 earnings call on Wednesday. After pivoting its Reality Labs investments away from the metaverse, Meta is doubling down on its production of AI wearables, as well as its own AI models. “Billions of people wear glasses or contacts for vision correction. And I think that we’re at a moment similar to when smartphones arrived, and it was clearly only a matter of time until all those flip phones became smartphones,” Zuckerberg said. “It’s hard to imagine a world in several years where most glasses…

Tesla is ending production of the Model S sedan and Model X SUV, CEO Elon Musk announced Wednesday during the company’s quarterly earnings call. The company will make the final versions of both electric vehicles next quarter, he said, adding that his company will offer support for existing Model S and Model X owners “for as long as people have the vehicles.” “It’s time to basically bring the Model S and X programs to an end with an honorable discharge, because we’re really moving into a future that is based on autonomy,” he said. “So if you’re interested in buying…

Microsoft and OpenAI may have a notoriously rocky relationship but as OpenAI experiences never-before-seen revenue growth, Microsoft, one of its major investors, is benefiting greatly. When the software giant reported its latest quarterly earnings on Wednesday, it dropped this rather large nugget in: Its net income increased by $7.6 billion from its investment in OpenAI. OpenAI reportedly has a 20% revenue share agreement with Microsoft (though neither company has ever publicly confirmed that). The software giant has invested more than $13 billion in the AI lab, which is currently looking to raise additional funding at a valuation between $750 billion…

Earlier this month, Meta laid off 10% of the staff for Reality Labs, its virtual reality unit, reportedly cutting as many as 1,000 employees. Now, in a development that seems directly related, the company has revealed that the unit lost many billions of dollars last year. On Wednesday, Meta’s earnings report showed that its embattled virtual reality business had lost some $19.1 billion in 2025, which is slightly more than it lost in 2024 (that year, the losses hovered around $17.7 billion). In its fourth quarter, the unit posted a loss of $6.2 billion, the report shows. Those losses stood…

For the last several months, nuclear startups have been raising large sums of money — well over $1 billion so far. Data centers and their thirst for electricity have been one driving force. But recent changes to federal nuclear safety policies could be another accelerant that helps clear the way for speedy reactor development and at a potential cost to human and environmental health. The Trump administration has quietly changed how the Department of Energy oversees the safety and security of nuclear power plants built on its properties, according to a report from NPR. About a third of the rulebook has…

Mark Zuckerberg says Meta users will start to see new AI models and products from the company in a matter of months. “In 2025, we rebuilt the foundations of our AI program,” Zuckerberg said on an investor call Wednesday, referring to the company’s recently restructured AI lab. “Over the coming months, we’re going to start shipping our new models and products… and I expect us to steadily push the frontier over the course of the new year.” But while Zuckerberg didn’t give specific timelines or products, he highlighted AI-driven commerce as a particular area of focus for Meta. “This also…

Three weeks ago, Elon Musk’s AI company, xAI, revealed it raised $20 billion in a Series E funding round. Now, we know Tesla is among its investors. Tesla disclosed in a letter to shareholders on Wednesday that it invested $2 billion in xAI, the startup behind the Grok chatbot that also owns Musk’s social media company X. Other previously disclosed investors in xAI include Valor Equity Partners, Fidelity, Qatar Investment Authority as well as Nvidia and Cisco as “strategic investors.” This is a truly circular deal and one that Tesla shareholders voted against last year. In November, shareholders were asked…

Meta announced Wednesday that it will charge developers for running chatbots on WhatsApp in regions where regulators are forcing the company to allow them. The move comes after the company’s ban on third-party chatbots on WhatsApp took effect on January 15.  For now, Meta will charge developers in Italy, where the country’s competition watchdog asked the company to suspend its policy last December. The company said that the new pricing for non-template responses will begin on February 16. Meta plans to charge $0.0691/ €0.0572 / £0.0498 per message to developers for AI responses. This could result in steep bills for developers…

Organic food company Once Upon a Farm, known for its baby food and kids snacks, is resuming its IPO plans, per an SEC filing and Reuters. The company had initially planned to hold its IPO last year, though it paused it amid the government shutdown. But it filed an updated S-1 on Tuesday which offered a price range of $17- $19 a share, indicating that the process has resumed, perhaps signalling that the overall IPO market is starting to thaw. The company is expected to make its debut on February 6, according to IPO Scoop. Once Upon A Farm was…

Elon Musk is eyeing sometime in June for SpaceX’s blockbuster IPO, according to the Financial Times. The billionaire reportedly wants the offering to coincide with both his birthday (June 28th) and the rare alignment of Mercury, Venus, and Jupiter (which is happening in early June). Regardless of when it happens, though, SpaceX’s IPO will likely be one of the largest in history: It’s looking to raise at least $50 billion at a $1.5 trillion valuation, per the FT (which also noted that those figures are likely to change). The company wants more funding as it builds its Starship rocket, aiming…