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Snap unveils its $2,195 augmented reality glasses as rivalry with Meta heats up
Social media company Snap on Tuesday showcased a pair of its $2,195 augmented reality glasses, staking a claim in a race to reshape how…
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Meta
Business
Meta Expands AI Partnership With Reliance
This article first appeared on GuruFocus. Meta Platforms (META, Financials) is strengthening its partnership with Reliance Industries as…
Business
Meta reveals details about layoffs in Playa Vista and Menlo Park
Meta Platforms announced more details about its latest round of layoffs. As part of its already-announced plans to cut close to 10% of its…
Business
Meta seeks to power data centers with energy beamed from space
Meta Platforms Inc. is looking to power artificial intelligence data centers with solar energy collected in space, taking a novel approach…
Business
Why Meta is laying off 10% of its workforce
Meta, the parent company of Facebook and Instagram, is planning to lay off 8,000 employees, or roughly 10% of its workforce, in May, as it…
Business
Meta, Oracle and Qualcomm share details on layoffs across California
Tech behemoths, including Oracle and Meta Platforms, are laying off hundreds of California workers as they invest heavily in artificial…
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How the landmark verdict against Meta and YouTube could hit their businesses
A Los Angeles jury dealt a blow to social media giants Meta and YouTube this week when it found that the platforms were negligent for…
Business
Nvidia to sell Meta millions of chips in multiyear deal
It also includes standalone installations of its Grace and Vera central processors Nvidia on Tuesday (Feb 17) said that it has signed a…
Business
Microsoft plunges, Meta rallies as investors demand AI payoffs
Microsoft is under growing investor pressure to justify its soaring capital outlay Tech earnings so far this week have sent a clear…
News
Singapore Police Order Meta to Expand Measures Against Facebook Impersonation Scams
The Singapore police have directed Meta to widen its efforts to curb impersonation scams on Facebook, extending safeguards to cover more…
Business
Meta must have facial recognition measures for notable Facebook users in Singapore or risk S$1 million fine
This is to reduce scam advertisements, accounts, profiles and business pages that impersonate two sets of people The police have issued a…
Business
From Meta to Samsung, global tech unleashes spending to chase AI
Memory manufacturers are reallocating production lines towards lucrative HBM to satisfy the needs of AI data centres The world’s largest…
Business
Meta leans on improved ad business to fuel massive AI spending
Investors have historically been anxious about whether the company’s businesses will benefit meaningfully from its hefty AI investments…
News
Is social media harmful for kids? Meta and YouTube face trial after TikTok settles suit
TikTok agreed to settle the first in a series of closely-watched product liability cases Monday, bowing out on the eve of a landmark trial…
Business
Lawsuit claims Meta can see WhatsApp chats in breach of privacy
The complaint cites ‘whistleblowers’ as having helped bring this information to light, though it doesn’t explain who they are…
Business
Meta begins job cuts as it shifts from metaverse to AI devices
Reality Labs houses the company’s hardware and other futuristic product efforts Meta Platforms is beginning to cut more than 1,000 jobs…
Business
Why is Meta laying off workers again?
Social media giant Meta said it’s cutting more than 1,000 workers and closing several content studios as it focuses its efforts on…
Business
Meta unveils ‘Meta Compute’ initiative to build AI infrastructure
Zuckerberg is going all in to build data centres for those projects, as well as the energy capacity to support them Meta has announced its…
Business
Meta plans to cut 10% of jobs at company’s Reality Labs division
Meta Platforms plans to cut 10 per cent of jobs in the company’s Reality Labs division, part of a broader strategy to shift money away…
Business
Beijing looms large over Singapore-based Manus’ deal with Meta
The swift scrutiny shows fears Manus’ sale could spur more tech stars to follow the same path It took just 10 days for Meta’s acquisition…
Business
Meta signs multi-gigawatt nuclear deals for AI data centres
The agreements could end up totalling more than six gigawatts, enough to power a city of about five million homes Meta Platforms agreed to…
Business
US stocks: S&P 500, Nasdaq end flat in holiday-thin trade, Meta gains on deal
The S&P 500 and the Nasdaq closed little changed in choppy trading on Tuesday, as gains in communication services stocks were offset by…
Business
Meta acquires Singapore-based startup Manus to bolster AI business
Meta Platforms has agreed to acquire Singapore-based artificial intelligence (AI) startup Manus, which makes an AI agent that it sells to…
Business
Meta to acquire Singapore-based startup Manus, adding agents to bolster AI bet
AI agents are tools that do not need human supervision to perform specific digital tasks Meta Platforms has agreed to acquire…