Meta raised its capital expenditures guidance for 2025 to $64 billion to $72 billion, signaling huge AI investment by Big Tech is still underway.

US stocks advanced at open on Thursday following strong earnings from major technology firms, which helped ease concerns that economic headwinds could derail momentum. The S&P 500 rose nearly 1%, the Nasdaq Composite added almost 2%,

Microsoft says AI now writes up to 30% of its code, while Meta predicts AI will handle half of Llama development within a year.

Microsoft CEO Satya Nadella made the comments during a conversation with Meta CEO Mark Zuckerberg. Meta says it aims to get half its code written by AI by the end of 2026.

Microsoft and Google, say AI is writing more of their code — and Mark Zuckerberg predicts AI could handle half of Meta's dev work within a year.