Tag: $Meta

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.

Meta Platforms (META.O),aims to allow brands to fully create and target advertisements with its artificial intelligence tools by the end of next year, the Wall Street Journal reported on Monday, citing people familiar with the matter.

Meta Platforms stock held steady early Friday after falling late in the previous session following a report that the Facebook parent is delaying the rollout of its new artificial intelligence model.

Meta shares rose as much as 5% Wednesday after the company reported stronger-than-expected revenue in the first quarter and provided second-quarter guidance that was in line with Wall Street’s expectations.

Meta has laid off employees in its Reality Labs division that is tasked with developing virtual reality, augmented reality and related wearable devices.

The European Union on Wednesday fined Apple and Meta hundreds of millions of euros each for breaching the bloc’s digital competition laws.