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China has blocked Meta’s $2 billion acquisition of AI startup Manus, citing regulatory concerns over the cross-border deal.
Meta plans to cut about 10% of its workforce, or over 8,000 jobs, as it streamlines operations and offsets rising AI-related costs.
Meta Platforms shares rose 7% after unveiling its new AI model Muse. The launch signals renewed momentum in the company’s artificial intelligence strategy.
Meta has introduced a new executive incentive program tied to a $9 trillion valuation target. The move underscores its aggressive push to lead the artificial intelligence race.
Mark Zuckerberg builds an AI agent to streamline Meta’s management and reduce organizational layers.
Meta has invested $27 billion in AI cloud company Nebius as it races to secure computing power for artificial intelligence development. The deal highlights growing demand for large-scale AI infrastructure.
Meta plans to cut 20% of staff as it ramps up costly investments in artificial intelligence infrastructure.
Meta names former Trump adviser Dina Powell McCormick as president and vice chairman, strengthening leadership amid AI expansion and regulatory focus.
OnlyFans leads a 2024 global ranking of revenue per employee, generating about $37.6 million per worker and outpacing traditional Big Tech names.
Meta shares jumped over 6% after Zuckerberg signaled a potential 30% reduction in metaverse spending.
Alibaba released its new Quark AI smart glasses priced from $265 to $536, signaling a major push into consumer AI hardware as global competition with Meta heats up.
Google nears a $4 trillion valuation as Meta explores a multibillion-dollar purchase of TPU chips and Google Cloud capacity.
Nvidia shares fell after reports that Meta is considering buying Google’s AI chips, raising concerns that the industry’s largest GPU buyer may diversify away from Nvidia.
A Facebook mural artist’s $60,000 stock payment from 2005 is now worth about $200 million.
A Meta engineer with $10 million saved questions whether it is enough for early retirement as tech workers debate rising financial benchmarks.