Meta boosts AI spending; Powell to stay on Fed board, and more

Meta boosts AI spending; Powell to stay on Fed board, and more

From The World in Brief from The Economist by The Economist

April 30, 2026 · 4 min · Episode 20260430

About this episode

Meta reported significant revenue growth in the first quarter, exceeding expectations.

Meta reported revenues of $56.3bn in the first quarter, up 33% year on year and ahead of expectations. Hosted on Acast. See acast.com/privacy for more information.

People in this episode

Host: The Economist

Topics covered

  • AI spending
  • Meta
  • Federal Reserve
  • finance
  • technology
  • business

Keywords

  • Meta
  • AI
  • Powell
  • Federal Reserve
  • revenue
  • finance
  • technology

Mentioned in this episode

Organizations: Meta

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