Tag: $Meta

Nvidia has said it will invest $3 billion in Meta after the social media and AI giant announced plans to raise $95 billion to support its investments in artificial intelligence infrastructure.

Meta is planning to raise $95bn in one of the largest-ever stock offerings to fuel its massive AI infrastructure spending, backed by chipmakers Nvidia, AMD and Broadcom, who will act as cornerstone investors.

Social-media giant Meta Platforms reported solid third-quarter earnings results on Wednesday afternoon. Shares were down 2.5% to $680 in early Thursday trading.

Tim Cook and Mark Zuckerberg have clashed for years, but with John Ternus taking the reins at Apple, the rivals are finding common ground in artificial intelligence.

 OpenAI on Tuesday unveiled always-on agents called dots that chase user goals across apps ​on their own, deepening its push into the lucrative enterprise market and pitting it against Meta in the race to sell AI that can work autonomously.

The release on Monday of Nvidia’s Open Agent Safety Platform comes after companies including OpenAI, Anthropic, Meta, and Google disclosed recent incidents in which their artificial intelligence models escaped their sandboxes and attempted to hack other companies and access their computer systems.

Mark Zuckerberg took repeated digs at Apple during Meta’s annual event on Wednesday, only to borrow a page from Steve Jobs’ playbook for ‌a surprise reveal: a pocket-watch-sized device that carries Meta’s viral Muse AI agent into the real world.

Wall Street has turned bullish on Meta Platforms, betting that its new AI agent Muse could open a new revenue stream for the social media giant and reshape the company’s ​AI monetization prospects.

A German court has ruled that Meta is liable for fake advertisements posted by third parties on its Instagram and Facebook platforms, and ordered the U.S. tech giant to remove such content and pay damages, the court said on Thursday.

Nvidia’s chief executive Jensen Huang has said no new US laws or regulations are needed to control AI development, as he rejected a united push by leading labs to co-ordinate a slowdown in research in the name of safety.

Meta rolled out on Tuesday a long-touted AI assistant that can autonomously send emails, sell a car and book travel on a person’s ‌behalf, despite internal concerns that the technology mismanages its access to sensitive personal data.

Meta Platforms will pay up to $18 billion over the next decade and strictly limit how teenagers use Facebook and Instagram under an agreement with nearly all U.S. states to resolve claims it designed those social media platforms to addict children.

Meta Platforms and state attorneys general have discussed a potential mid-trial settlement of a lawsuit accusing the company of deliberately ​designing Facebook and Instagram to be addictive to young users, Bloomberg ‌News reported on Tuesday, citing people familiar with the matter.

Meta Platforms rejected accusations by U.S. states that it intentionally sought to addict children to its Facebook and Instagram platforms in pursuit of profit, at the start of a trial that could reshape ​some of the most popular apps on the planet.

Meta will face off against attorneys general from several states in an Oakland, Calif., courtroom Tuesday as part of a major lawsuit alleging that the company violated child safety and consumer protection laws and harmed children’s mental health.

Meta wants to lead in open-source AI. China’s Alibaba just reminded the U.S. tech giant how competitive the market is.

Meta shares slid in extended trading on Wednesday after the company issued a weaker-than-expected revenue forecast and took a big hit to its cash pile.

Meta, opens new tab on Friday launched a new app called “Seller” to offer dedicated selling tools to merchants ​using the company’s Facebook Marketplace platform for buying ‌and selling items.

Meta (META.O) said on Monday its data center in Richland Parish, Louisiana, will expand to 5 ​gigawatts of compute capacity, with investment in the project increasing ‌to more than $50 billion.

Chief Executive Mark Zuckerberg acknowledged shortcomings ‌in the company’s sweeping restructuring at an internal town hall on Thursday, saying the systems known as AI agents had not progressed as quickly as he had expected, according to a recording heard by Reuters.