Meta Platforms

Google works to erode Nvidia’s software advantage with Meta’s help

The effort is part of Google’s aggressive plan to make its TPU a viable alternative to Nvidia’s GPUs

Reality Labs’ metaverse unit, built around long-term VR and AR projects, has lost more than US$70 billion since 2021.

Meta’s Zuckerberg plans 30% budget cut to metaverse unit, potentially triggering January layoffs: sources

The proposed metaverse cuts are part of the company’s annual budget planning for 2026

The study found that while the companies were busy racing to develop superintelligence, none had a robust strategy for controlling such advanced systems.

AI companies’ safety practices fail to meet global standards, study shows

Concern mounts over smarter-than-human systems with reasoning and logical-thinking power

Allegations against Meta and its rivals include tacitly encouraging children below the age of 13 to use their platforms, failing to address child sexual abuse content and seeking to expand the use of social media products by teenagers while they were at school.

Meta buried ‘causal’ evidence of social media harm, US court filings allege

The company allegedly ignored valid research findings on mental health impacts

Judge James Boasberg of the federal district court in Washington concluded that Meta faces sufficient competition from rivals TikTok and YouTube.

Meta wins major antitrust case as US judge rules no monopoly

Ruling represents a setback for US antitrust enforcers who have pursued aggressive action against Big Tech companies

Credit derivatives allow a party to effectively buy insurance-like protection against a company defaulting on their debt. If a corporation doesn’t pay interest on its bonds, for example, the owner of credit derivatives can receive a payout.

Credit derivatives on Meta start trading after big bond sales

[NEW YORK] Derivatives allowing investors to bet against Meta Platforms’ bonds began actively trading for the first time this week, as money managers and banks look to hedge their exposure to an indus...

Mark Zuckerberg’s US$29.2 billion drop is the fourth-largest one-day market-driven decline ever recorded by Bloomberg’s wealth index.

Zuckerberg drops two spots in billionaire ranks as Meta AI plans shake investors

The company has reported third-quarter sales and profit that topped estimates, sending shares surging in after-hours trading

Meta is infusing AI services into its key products, including Facebook and Instagram.

Meta sells US$30 billion of bonds as AI frenzy fuels record orders

Technology firms are capitalising on falling borrowing costs as the Fed cuts interest rates and investors race to lock in still-elevated yields

Now that the staggering cost of this push is coming into sharper focus, it’s testing nerves on Wall Street.

Tech giants test investors’ patience with AI spending spree

Alphabet, Meta Platforms and Microsoft, together have racked up some US$78 billion in capital expenditures last quarter

Meta has reorganised its AI efforts under the Superintelligence Labs unit in June and Zuckerberg has personally led an aggressive talent hiring spree.

Meta forecasts bigger capital costs next year, US$16 billion tax charge guts Q3 profit

The company is among the top buyers of Nvidia’s sought-after AI chips