Tag: Internet Media and Services

Meta (META) stock climbed early on Thursday after its fourth quarter earnings topped analysts’ expectations on the top and bottom lines.

As Meta tries to rapidly construct massive data centers to keep pace with the artificial intelligence craze, it’s turning to a 175-year-old glass manufacturer for help.

TikTok’s Chinese owner, ByteDance, on Thursday said it has finalized a deal to establish a majority American-owned joint venture that will secure U.S. data, to avoid a U.S. ban on the short video app used by over 200 million Americans.

British regulator Ofcom said on Friday it had opened an investigation into Meta Platforms (META), over the information it had provided relating to WhatsApp for one of its market reviews.

Spotify said it was raising the price of its premium subscription in the U.S. The cost of a U.S. premium subscription will rise to $12.99 a month, up from $11.99 a month, the company said Thursday.

Walmart and Google said Sunday that shoppers will soon be able to use Google’s artificial intelligence assistant Gemini to more easily discover and buy products from the retail giant and its warehouse club, Sam’s Club.

Meta Platforms (META) has agreed to acquire artificial-intelligence start-up Manus. It’s a surprise move to buy a company that was once one of the brightest lights in China’s AI sector but could boost the social-media platform’s offering in the hot area of autonomous agents.

Google parent Alphabet on Monday announced it will acquire Intersect, a data center and energy infrastructure company, for $4.75 billion in cash in addition to the assumption of debt.

Alphabet’s (GOOGL) cloud computing unit and cybersecurity company Palo Alto Networks (PANW) on Friday announced an expanded partnership that one source told Reuters was by far Google Cloud’s largest security services deal.

TikTok’s Chinese owner, ByteDance, on Thursday signed binding agreements to hand control of the short video app’s U.S. operations to a group of investors, including Oracle (ORCL) in a big step toward avoiding a U.S. ban and ending years of uncertainty.

The Trump family media group has agreed to combine with Google-backed fusion energy company TAE Technologies in a deal valued at $6bn, representing a bet on nuclear energy powering the artificial intelligence boom.

ByteDance and Alibaba have asked Nvidia (NVDA), about buying its powerful H200 AI chip after U.S. President Donald Trump said he would allow it to be exported to China, four people briefed on the matter told Reuters.

Delivery Hero shares jumped on Tuesday after the company said it is “evaluating strategic options” to strengthen its finances and streamline its operations, and following a disappointing share price performance in the recent period.

 Facebook-owner Meta (META.O), holds at least a 3% stake in EssilorLuxottica (ESLX.PA), a board director at the European firm behind Ray-Ban glasses said on Tuesday.

 Warby Parker (WRBY.N), said on Monday it is collaborating with Alphabet’s (GOOGL.O), opens new tab Google to develop lightweight AI-powered glasses, with the first product expected to launch in 2026.

NextEra Energy (NEE.N), said on Monday it has expanded its partnership with Google Cloud to scale up data center capacity by multiple gigawatts and boost energy infrastructure across the U.S.

Meta has struck several commercial AI data agreements with news publishers including USA Today, People Inc, CNN, Fox News, The Daily Caller, Washington Examiner and Le Monde, the company said on Friday.

Meta Platforms Inc.’s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for changing its name from Facebook Inc.

Facebook parent Meta Platforms was hit by an antitrust investigation from the European Union on Thursday, although the Brussels probe wasn’t fazing investors and will have little impact on the stock.

Alibaba’s artificial intelligence-powered smart glasses went on sale on Thursday as the Chinese tech giant looks to ramp up its focus on consumer AI in an increasingly competitive market.