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Investing.com - U.S. stock index futures edged lower on Friday as investors consolidated gains following Wall Street’s sharp relief rally, with easing crude oil prices and signs of a possible diplomatic breakthrough between Washington and Tehran helping stabilize broader market sentiment.
"Addictive" design features from Meta Platforms are in breach of European Union laws, regulators said.
Beijing Halts Meta's AI Acquisition, Opening Door for Tencent
Meta stock faces a challenge as social-media company Meta Platforms reportedly plans to start manufacturing a new in-house AI chip from September.
While the headlines are buzzing about Meta’s shiny new Muse Spark 1.1 AI model and its pivot to a paid developer model, Wall Street’s biggest bulls are actually focused on a much quieter, highly technical detail tucked away in an internal memo. The real reason shares are pushing higher is tied directly to the underlying math of Meta’s infrastructure, first brought to light by Reuters. The leak prompted BofA Securities analyst Justin Post to reiterate a Buy rating and an $835.00 price target on M
Amazon.com, Inc. (NASDAQ:AMZN) was among the stocks Jim Cramer shared his opinions on during Mad Money. Cramer mentioned the stock during the episode and commented: It’s the final area, the third flows of funds that really astounded me. I’m talking about a gigantic amount of money flew into what’s become the last place on earth […]
Firms could face fines of up to £18 million or 10% of global revenue, whichever is greater, once the new rules come into effect.
FEATURE Artificial-intelligence stocks were dipping on Friday, as investors took the chance to lock in some profit following a solid rally the previous session. Futures tracking the slid 0.3% as the rebound fizzled out, with some of 2026’s biggest winners on course to open in the red.
Meta Platforms' (META) "addictive" design of Instagram and Facebook violates the European Union's Di
(Bloomberg) -- In the weeks leading up to SpaceX’s monster IPO, many Wall Street pros feared the deal represented an existential threat for Elon Musk’s other giant, Tesla Inc. But after a month in the stock market, the outcome is far from clear. Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameNvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsZuckerberg Pledges ‘Aggressive’ Pricing With Meta’s First Pay-to-Use AITrump Vents Anger With Ira
Taiwan Semiconductor (TSM) is perhaps the most important technology company in the world and one of the best long-term buy-and-hold stocks on Wall Street.
Investing.com -- The European Union issued preliminary findings on Friday accusing Meta Platforms Inc. of using addictive design features and disregarding risks to children on its Facebook and Instagram platforms.
A rare bacterium turned up in Cheyenne wastewater months before the public learned about it, and now Congress wants Meta to explain what happened inside its $800 million Wyoming data center and where the contaminated water went next.
The bloc’s regulator said the tech giant may be in breach of its digital rules, opening the door to heavy fines.
Reuters reported on Thursday that Meta plans to begin manufacturing its AI chip starting in September, lifting ancillary firms' shares, but the rally fizzled.
Meta released its Muse Spark 1.1 AI model on Thursday, boosting its shares.
Tencent is in talks to become Manus' largest shareholder as investors seek alternatives after Beijing ordered Meta to unwind its $2 billion acquisition of the AI start-up, the Financial Times reported on Thursday, citing two sources. (Reporting by Preetika Parashuraman in Bengaluru; Editing by Sherry Jacob-Phillips)
Tencent is in talks to become the largest shareholder of Manus as investors race to unwind Meta’s $2bn acquisition of the AI agent start-up after...
META is now down just 4.2% YTD, after shedding 14.5% in H1.
Asset manager and investment consultant Russell Investments announced Thursday that it is changing hands. A consortium of investors led by B Capital, a venture capital firm co-led by Facebook co-founder Eduardo Saverin, will acquire the Seattle-based business from its current owners, TA Associates and Reverence Capital Partners, according to a statement. The consortium of buyers includes the California Public Employees’ Retirement System. Russell Investments, which has over $416 billion in AUM,
<body><p>STORY: :: A memo seen by Reuters shows that Meta plans to produce AI chips this September </p><p>:: The move will likely help Meta gain more independence from chip suppliers such as Nvidia</p><p>:: Katie Paul, Tech Correspondent</p><p>:: Meta / Archive</p><p>"In the world of AI, those who control their infrastructure and their compute costs really control their destiny. Meta has been at this a while. They want to have more control over their supply chain. Doing a chip helps them to get that cost of running compute down. If they buy a lot of chips from Nvidia and AMD, those are extremely expensive. It means that other companies are in the driver's seat, both in terms of cost and some control over the supply. And having some kind of chip that can help maximize efficiency of running compute, or running processes, helps them, puts them in the driver's seat more and it helps them control their costs. They're also trying to build out these brand-new business models to effectively compete with OpenAI and Anthropic. So, selling the AI models to developers to use, and that means rolling out an API, which they just did this morning. This is brand new for them. They're moving this direction for the first time after kind of embracing the open source ethos for a number of years. And so that means that they need to, try to compete on price with those other, players in the market and also keep their costs low enough that they can, you know, make this business model make sense. And so having a chip that can help them to run these processes in a way that is as cost-efficient as possible is a huge potential benefit for them."</p><p>The tech firm's data center chip, code-named "Iris," is part of a four-generation project for Meta Training and Inference Accelerators (MTIA) that it will design in-house. The plan is to use custom-built silicon to improve the AI that powers its Facebook and Instagram social media platforms.</p><p>Testing the chip took only six weeks and found no major issues, the memo showed. That relatively quick progress signals positive momentum for an in-house effort that has floundered since its launch more than half a decade ago.</p><p>Meta tailored the chip for its own needs and is working with Broadcom to help design it and Taiwan Semiconductor Manufacturing Co to manufacture it. The approach is likely to help the firm lower its massive computing costs and gain more independence from chip suppliers such as Nvidia and Advanced Micro Devices.</p></body>
Forget the AI benchmark battles. Here's why Alphabet's unmatched distribution could make it the better long-term AI investment over Meta.
Venture capitalist Chamath Palihapitiya believes Meta Platforms Inc. and its CEO Mark Zuckerberg have “completely fumbled” the artificial intelligence race, squandering a historic opportunity to become the world’s undisputed champion of open-source AI. Profound Failure Speaking with Axios, the early...
Coinbase and Grayscale both lose a top executive as Paul Grewal and Edward McGee step down, with internal successors named.
Every new computing platform takes something from you in exchange for convenience. The personal computer took your desk, and the smartphone took your attention. Whatever comes next will ask for even more, and the company that builds it gets to decide exactly how much. Meta Platforms (META) has ...