Tag: $Meta

Meta Platforms Inc. is developing plans for a cloud infrastructure business that will sell access to AI computing power and models,

Billionaire Mukesh Ambani’s Jio Platforms, India’s largest wireless operator and digital service provider, filed draft papers for an initial public offering on Friday.

Meta Platforms Inc. has completed an operational split from Manus and halted data sharing between the two companies, taking a pivotal step toward unwinding a $2 billion acquisition opposed by Beijing.

Meta Platforms plans to lease 168 MW AI-enabled data center in India from Reliance Industries.

More than one ‌dozen CEOs and top executives ​will join ​the U.S. delegation ⁠as President Donald ​Trump travels to China ​this week, according to a White ​House ​official.

Meta Platforms (META) beat expectations for its first-quarter earnings results on Wednesday afternoon. Its shares were still down 8% in pre-market trading Thursday.

The European Commission has found that Meta breached EU law by failing to prevent under-13s from accessing its platforms, as scrutiny of the tech giant’s handling of child safety intensifies.

China’s state planner on Monday called for Meta to unwind its $2 billion acquisition of Manus, a Singaporean AI startup with Chinese roots.

Meta Platforms (META) said Friday that it will use Amazon (AMZN) chips to power some of its artificial-intelligence computing needs. The deal looks like validation of Amazon’s in-house chip plan.

Meta and Broadcom on Tuesday announced a sweeping deal that extends an existing partnership between the two companies for the design of Meta’s custom in-house AI accelerators through 2029.

CoreWeave (CRWV) stock rose sharply Thursday after the cloud infrastructure provider unveiled an expanded deal with Meta Platforms (META) worth roughly $21 billion.

Meta Platforms launched two new Ray-Ban prescription smart ​glasses on Tuesday, expanding ‌its offerings in an area that has become one of ​the few breakthrough ​successes in the race for ⁠artificial intelligence-powered gadgets.

Jurors in the first two trials in the U.S. from a growing wave of lawsuits targeting social media firms over harm to children ​have found Meta, and Alphabet’s, potentially teeing up an appeals fight that could reshape how U.S. law shields tech companies from lawsuits.

Meta stock was up in pre-market trading on Monday, following what it called “speculative” reports that the company is planning to lay off over 20% of its workforce to balance its big AI spending plans this year.

Meta has signed a new long-term agreement to spend up to $27 billion on Dutch cloud provider Nebius’ AI infrastructure, the company announced on Monday.

AI data center startup Nscale has raised $2 billion at a $14.6 billion valuation, the company announced on Monday, as the AI infrastructure boom continues.

Meta Platforms (META) has signed a multi-billion dollar deal to rent artificial intelligence chips from Google (GOOGL), to develop new AI models, The Information reported on Thursday, citing a person involved in the talks.

Advanced Micro Devices (AMD)stock surged 14% in premarket trading Tuesday after the chip maker agreed to a long-term deal with Meta Platforms (META).

Meta Platforms (META) is expanding its business with Nvidia (NVDA) in a chips-and-networking deal likely to be worth tens of billions of dollars. It’s a reminder the chip maker is still the leading player in artificial-intelligence processors.

EU competition regulators have threatened to stop Meta Platforms from blocking artificial intelligence rivals from its WhatsApp messaging service while it investigates suspected abuse of a dominant position by the U.S. tech giant.