Tag: $Meta

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.

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.

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.

Meta Platforms said on Friday it struck 20-year agreements to buy power from three Vistra plants in the U.S. heartland and develop projects with two companies hoping to build small modular reactors. Shares of Oklo surged nearly 20%, whereas Vistra rose about 8% in premarket trade.

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.

 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.

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.

Meta Platforms is discussing a potential multi-billion dollar deal with Google to purchase chips for its data centers beginning in 2027, according to a Tuesday report by The Information.

Nvidia shares fell on Tuesday after The Information reported that Meta is considering using chips designed by Google.

Meta Platforms reported mixed third-quarter earnings results Wednesday afternoon. Its shares were down sharply in ahead of the open Thursday.