Meta’s CEO Mark Zuckerberg has a knack for giving Wall Street exactly what it wants. His familiar playbook is back in the spotlight: a combination of significant layoffs and massive new spending on artificial intelligence infrastructure. The strategy was on full display recently. The company’s stock rose after it announced a major cloud-computing deal with […]
In a major move to fuel its artificial intelligence expansion, a leading social media company has entered into a multiyear agreement with a prominent chipmaker to purchase AI graphics processing units (GPUs) equivalent to a massive 6 gigawatts of power. The deal, announced on a Tuesday, sent the chipmaker’s stock surging as much as 10% […]
In a landmark trial concerning social media addiction, the chief executive of Meta acknowledged that it is “very difficult” to enforce Instagram’s age restrictions. Under sharp questioning, he downplayed the importance of teenage users to the company’s bottom line during his testimony. The executive stated that while the company has introduced tools to try and […]
It seems the smartwatch is back on the agenda for the social media giant. After shelving the project a few years ago, the company has reportedly revived its plans to enter the wearable tech market, with a target release for its first device later this year. The project, internally known as “Malibu 2,” is said […]
In a significant move for the artificial intelligence industry, Nvidia and Meta have announced an expanded, multi-year partnership. The deal will see Nvidia provide the social media giant with millions of its next-generation Blackwell and Rubin graphics processing units (GPUs), along with its central processing units (CPUs) and networking technology. The plan is for Meta […]
Big tech’s 2025 tax returns just got a lot lighter, thanks to a surge in AI data‑center construction and a new wave of business‑friendly tax provisions rolled out by lawmakers last year. Those new rules cut depreciation, research and development, and capital‑investment costs, allowing the sector to shift huge amounts of money into tax‑advantaged pockets. […]
