Meta Platforms, Inc. (NASDAQ:META) is one of the AI Stocks in Focus on Wall Street. On Janaury 26, Evercore ISI analyst Mark Mahaney reiterated an Outperform rating on the stock with an $875.00 price target. The rating affirmation comes ahead of the company’s fourth-quarter earnings report, due on January 28. The firm anticipates that Meta will post […]
The attorney general of the US Virgin Islands has sued Meta Platforms Inc., accusing the Facebook and Instagram owner of deliberately profiting from ads for scams and failing to keep its social media platforms safe for children. Meta Platforms CEO Mark Zuckerberg. The Instagram owner does not block ads suspected of scams unless its algorithms […]
Meta Platforms Inc. has poached Apple Inc.’s most prominent design executive in a major coup that underscores a push by the social networking giant into AI-equipped consumer devices. Alan Dye most recently oversaw the interface of the Apple Vision Pro headset and a sweeping redesign of Apple OS for liquid glass. (Bloomberg) The company is […]
Meta Platforms Inc. is reportedly in talks to spend billions on Google’s Tensor AI chips, which are powering its industry-benchmark Gemini 3 model. Nvidia Corp. shares plunged even as Alphabet Inc.’s shares surged on the news. Google already supplies up to 1 million Tensor chips to Anthropic PBC, in what has been called a “really […]
Meta Platforms Inc. is said to partner Nasdaq-listed and India-focused Sify Technologies Ltd. to set up a 500 MW data centre in Visakhapatnam, as global technology firms descend on the east-coast city to tap into India’s insatiable appetite for AI compute. Mark Zuckerberg’s Meta Platforms will also land its ambitious subsea cable project ‘Waterworth’ at […]
Meta has announced layoffs to cut 600 jobs in its unit Superintelligence Labs, as the Facebook owner looks to make its AI unit more flexible and responsive. Meta CEO Mark Zuckerberg. (AFP) The job cuts will affect Facebook Artificial Intelligence Research (FAIR) unit, as well as teams focused on product-related AI and AI infrastructure, the […]