Tag: $Meta

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.

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.