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Meta's Reality Labs posts Q1 revenue down 6% YoY to $412M, vs. $492.7M est., and a $4.2B operating loss, vs. $4.6B est.; Reality Labs has lost $60B+ since 2020 (Jonathan Vanian/CNBC)

Jonathan Vanian / CNBC : Meta's Reality Labs posts Q1 revenue down 6% YoY to $412M, vs. $492.7M est., and a $4.2B operating loss, vs....

1 January 2025

The defense industry is poised for a deal surge as firms expand in AI, drones, and space systems; Bain: VC deal value in the sector has risen 18x in a decade (Sylvia Pfeifer/Financial Times)

Sylvia Pfeifer / Financial Times:
The defense industry is poised for a deal surge as firms expand in AI, drones, and space systems; Bain: VC deal value in the sector has risen 18x in a decade  —  Large contractors expected to use growing cash piles to invest in high-growth areas  —  Defence companies are primed for a surge …

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