Meta Platforms

“Mangos” is shorthand for a six-company cluster said to be at the centre of the AI wave: Meta, Anthropic, Nvidia, Google, OpenAI and SpaceX.

Companies & Markets

Are the ‘Mangos’ stocks already turning soft?

There’s no guarantee that any of the acronym’s six members will stick around and thrive

Apple’s reported outreach to restricted Chinese memory makers introduces a pricing threat to Korean and Japanese incumbents.

Capital Markets & Currencies

Asian shares fall on chip sell-off as Kospi sinks 4.8%; SK Hynix, Samsung shares tumble

Investor attention is on US jobs data due on Thursday

Meta has made developing AI “superintelligence” a top priority, and has committed hundreds of billions of dollars to data centres and other AI infrastructure.

Telcos, Media & Tech

Meta is building a cloud business to sell excess AI computing power

It will run the data centres and chips that power the models and charge developers to access them

A judge denied Meta’s motion to dismiss claims based on deception, unfairness and violations of the federal Children’s Online Privacy Protection Act.

Telcos, Media & Tech

Meta loses bid to dismiss US states’ claims that Facebook, Instagram addict children

A US federal judge rejected Meta Platforms’ bid to dismiss a lawsuit by dozens of US state attorneys general accusing it of designing Facebook and Instagram to be addictive to children and knowingly c...

Meta added US$79 billion in new data centre commitments, bringing the total to US$182.9 billion as of March 31.

Telcos, Media & Tech

Meta, Microsoft lead US$850 billion boom in data centre leases

Mark Zuckerberg has said his company will spend hundreds of billions of dollars on AI infrastructure by the end of the decade

The success of Meta’s glasses has spurred other tech companies to explore the development of similar devices.

Lifestyle

Meta launches cheaper range of AI smart glasses starting at $299

The Facebook parent has invested billions of US dollars in its pursuit of ‘personal intelligence’

Staff say Meta aims to direct its social networking audiences towards using the app, which is in development and may not be released.

Technology

Mark Zuckerberg directed Meta to create a prediction markets app

It will not use real-money betting for now but eventually may, a source says

While Meta confirmed the investigation, it declined to say how long Meta planned to halt the programme.

Telcos, Media & Tech

Meta to pause internal mouse-tracking tech while examining data security issues

The announcement follows revelations that sensitive employee data was accessible to all Meta staffers

Meta has made several investments in India over the past few years, one of its most important markets and a major hub for WhatsApp.

Telcos, Media & Tech

Meta taps new WhatsApp boss as part of US$900 million investment into GIC-backed Indian startup

The startup founder Kunal Shah will replace the current head of WhatsApp Will Cathcart

Manus is considering overhauling its business structure to become a joint venture incorporated in China.

Telcos, Media & Tech

Manus original investors plan to buy back AI firm from Meta for US$2 billion: report

Early investors including HSG, ZhenFund and Tencent are participating in the buyback

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