By Ragini Mathur and Avinash P July 9 (Reuters) - Wall Street's main indexes advanced on Thursday, as rising chipmakers helped outweigh geopolitical anxiety over renewed attacks that could prolong the
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Investing.com -- Meta Platforms’ specialized AI division, Meta Superintelligence Labs, announced Thursday the release of Muse Spark 1.1. The updated multimodal reasoning model is specifically engineered to handle autonomous "agentic" workflows, boasting a massive one-million-token context window alongside major upgrades to coding and direct computer control. The release marks a significant push by Meta to lead the enterprise AI market. Alongside the consumer-facing rollout, the company launched
SanDisk is the most direct publicly traded beneficiary of the disclosed arrangement, given that the memo specifically names the company as Meta's flash storage supplier; the stock's move reverses a bruising stretch that had weighed on the NAND-flash sector coming into this week.
If you have ever caught yourself doom scrolling on Instagram or Facebook for hours on end and felt bad, don't; the technology is working exactly how it was intended to. Everything from the length and style of the Reels to the algorithms' encyclopedic knowledge of your likes and dislikes is designed ...
The clearest sign that quantum computing has breached the cultural mainstream is that even professional basketball players are taking notice. After years of scientists rallying behind the technology, endorsements have started rolling in from outside the lab. Most recently, quantum found an unlikely advocate in Kyle Kuzma, NBA player for the Milwaukee Bucks, who visited IBM’s Thomas J. Watson Research Center last week to tour the facilities.
Alex Schultz, Chief Data Officer at Meta, joins Sam for a wide-ranging conversation covering why Meta believes agentic commerce could become the majority of its business, why stablecoins are a foregone conclusion, and why human taste and creative conviction matter more in an AI world than ever before.
Nebius Group (NasdaqGS:NBIS) has been added to the Nasdaq-100, a shift that often draws in index-linked capital, just as the company rolls out new AI offerings and faces fresh competition from Meta Platforms. See our latest analysis for Nebius Group. The recent index inclusion and AI product launches come after a volatile stretch, with Nebius Group’s share price up 140.67% year to date and 58.79% over 90 days. Over 1 year, the total shareholder return is very large, suggesting strong but...
Massive AI Investment Overshadows In-House Chip ProgressMeta Platforms (NASDAQ:META) shares fell 2. 6% on Thursday morning as investors focused on the enormous cost of the company’s artificial intelligence expansion, despite progress toward developing its own AI chips.
July 9 (Reuters) - Meta Platforms on Thursday released long-awaited developer access to its Muse Spark AI model alongside an upgraded version, pitting it directly against the business models of
Meta Platforms is reportedly going to sell its excess cloud computing capacity, a move that could open a multibillion-dollar business opportunity for the company.
The semiconductor scene is going through an intense period of volatility again, but nothing much has changed when it comes to Wall Street analysts who stand by their targets. With the broader semiconductor names under pressure following the single-day plunge suffered by the South Korean memory giants, questions linger as to whether the AI chip ... Chip Stocks Are Buys on Weakness — A Top Name That Pros Expect Big Things From in the Second Half
The 1 GW facility in Sturgeon County is Meta's first in Canada
VST's long-term PPAs with Meta and AWS may support growth by improving revenue visibility, cash flow stability and power demand exposure.
Space Exploration Technologies Corp. (NASDAQ:SPCX) was among Jim Cramer’s stock calls on Mad Money, as he highlighted the AI opportunities in neoclouds. Cramer mentioned the company during the episode and said: SpaceX is now in the same business as well, and it’s allowing them to totally change the economics of their XAI business. Normal neocloud […]
The 1-gigawatt project will support the company's growing AI infrastructure needs.
The custom data center chip cleared bug testing in six weeks with no major issues, an internal memo shows
Nebius Group N.V. (NASDAQ:NBIS) was among Jim Cramer’s stock calls on Mad Money, as he highlighted the AI opportunities in neoclouds. Cramer highlighted the company’s deals with the mega-cap companies, as he commented: Next up is Nebius. It also has the Jensen Huang seal of approval, as NVIDIA took a $2 billion stake in this […]
CoreWeave, Inc. (NASDAQ:CRWV) was among Jim Cramer’s stock calls on Mad Money, as he highlighted the AI opportunities in neoclouds. Cramer called the company “best in the business,” as he stated: Now, next is CoreWeave. It’s a pure-play neocloud firm. I talk about it quite a bit. CoreWeave’s arguably the best in the business with […]
Oracle Corporation (NYSE:ORCL) was among Jim Cramer’s stock calls on Mad Money, as he highlighted the AI opportunities in neoclouds. Cramer highlighted the future valuation of the company according to some analysts, as he said: The business is now getting crowded, which is why tonight I want to explain the differences between the major neocloud […]
Meta Platforms, Inc. (NASDAQ:META) was among Jim Cramer’s stock calls on Mad Money, as he highlighted the AI opportunities in neoclouds. Cramer highlighted the company’s entry into the neocloud space, as he remarked: Last week, we learned that Meta Platforms might pivot some of its AI business and join the ranks of the neoclouds. These […]
Investing.com -- Meta Platforms (NASDAQ:META) shares declined 2.6% Thursday morning as the company’s ambitious plans to double its computing capacity reminded investors of the astronomical capital expenditures required to win the artificial intelligence race. While the social media giant announced it will begin manufacturing its first in-house AI chip this September—a move intended to eventually lower computing costs—the sheer scale of the company’s near-term spending plans triggered immediate a
Meta Platforms Inc. (NASDAQ:META) is one of the 10 Best Major Stocks to Buy According to Analysts. According to a report released on July 6, Cantor Fitzgerald analyst Deepak Mathivanan maintained a Buy rating on Meta Platforms Inc. (NASDAQ:META) and a $750 price target. The firm’s price target is below the median Wall Street analyst […]
Artificial intelligence spending has entered a new phase. The industry’s biggest technology companies are no longer debating whether to build more infrastructure — they’re competing to build it faster than everyone else. Meta Platforms (NASDAQ:META) is among the most aggressive, with capital expenditures expected to reach between $125 billion and $145 billion this year, according ... Meta Plans to Sell AI Compute — So Why Spend $10 Billion to Build Even More Data Centers?
Meta Platforms plans to start manufacturing an artificial intelligence chip from September as part of its plan to boost overall computing power to 14 gigawatts next year, showed an internal memo reviewed by Reuters. 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. 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 1-gigawatt facility in Sturgeon County will be Meta's largest data center outside the U.S. and its 33rd globally
Meta's Muse Image AI tool lets users remix public Instagram photos — and CAA, SAG-AFTRA and talent managers say it puts creators at risk.