Meta reportedly seeking massive layoffs amid mounting AI costs
Meta (META) is reportedly planning to initiate widespread layoffs that could impact 20% or more of the company’s workforce...
Tag: META
Catalyst Watch: Nvidia’s GTC Conference, FOMC meeting, Okta event, and triple-witching day
Welcome to Seeking Alpha's Catalyst Watch - a breakdown of some of next week's actionable events that stand out. Read more...
Meta strikes news content deal with WSJ owner, leading European media firms
Meta (META) will start offering more real-time news content on its platforms, which will be sourced from News Corp (NWS)...
Microsoft also shows interest in unfinished Oracle Stargate site in Abilene: report
Microsoft (MSFT) is apparently discussing leasing out segments of an uncompleted data center site in Abilene, Texas,...
AI names dominate institutional flows as ownership breadth expands across tech: BofA Research
Bank of America research highlights the S&P 500 stocks that have seen the biggest expansion in ownership breadth,...
Meta prepares to deploy 4 in-house AI chips to manage AI workload
Meta Platforms (META) is planning to deploy four new generations of its self-developed AI chips by 2027. Meta said that...
Meta buys AI agent social networking platform Moltbook
Meta (META) has acquired Moltbook, a social networking platform for AI agents, for an undisclosed sum, Axios reported...
Meta to start charging advertisers ‘location fee’ in certain European countries
Meta Platforms (META) plans to charge advertisers an additional “location fee” starting July 1 to cover digital taxes in...
Former Meta AI chief’s startup raises $1.03B, appoints CEO
AI startup Advanced Machine Intelligence, founded by former Meta Platforms' (META) Chief AI Scientist Yann LeCun, has raised...
OpenAI and Oracle decide not to expand Texas data center site: report
OpenAI (OPENAI) and Oracle (ORCL) have decided not to expand their data center site in Abilene, Texas, from 1.2 GW to 2 GW,...