Tag: $Meta

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.

The European Commission, the executive arm of the European Union, said on Friday that it had preliminarily found both TikTok and Meta in breach of its transparency rules.

Meta Platforms (META.O), said on Friday it would offer an ad-free subscription option to Facebook and Instagram users in the United Kingdom in the coming weeks.

Meta Platforms announced it is expanding access to its Llama AI models to more key US allies for defense and national security applications.

Meta has agreed to spend more than $10 billion on Google cloud services, according to two people familiar with the matter.

Meta Platforms (META.O), forecast third-quarter revenue well above analysts’ estimates on Wednesday, as artificial intelligence once more powered its core advertising business, sending its shares soaring 11% in extended trading.

The extremely bullish growth forecasts for this market, estimated to be worth $166 billion by 2030, explains why last month Meta reportedly took a 3% stake in EssilorLuxottica, with an option to up it to 5%.

Alibaba on Monday unveiled a pair of smart glasses powered by its artificial intelligence models, marking the Chinese firm’s first foray into the product category.

Mark Zuckerberg said on Monday that Meta Platforms would spend hundreds of billions of dollars to build several massive AI data centers for superintelligence, intensifying his pursuit of a technology he has chased with a talent war for top engineers.

Mark Zuckerberg is expected to appear as a star witness in an unusual $8 billion trial that kicks off this week at which the Meta CEO is accused of operating Facebook as an illegal enterprise that allowed users’ data to be harvested without their consent.

Meta Platforms (META.O), may face daily fines if EU regulators decide the changes it has proposed to its pay-or-consent model fail to comply with an antitrust order issued in April, they said on Friday.

 Renewable energy developer Invenergy and social media giant Meta Platforms (META.O), have signed four deals to supply 791 megawatts (MW) more of solar and wind power to operate data centers, the companies said on Thursday.

Mark Zuckerberg, the billionaire CEO of Meta Platforms (META.O), is setting up a team of experts to achieve so-called “artificial general intelligence” (AGI), or machines that can match or surpass human capabilities, Bloomberg News reported on Tuesday.

Meta Platforms (META.O), on Tuesday said it has struck an agreement with Constellation Energy (CEG.O), to keep one of the utility’s reactors in Illinois operating for 20 years, in the Big Tech company’s first such deal with a nuclear power plant.