Meta (META) and AMD (AMD) are entering into a multi-year agreement that will see Meta purchase more than 6 gigawatts of AI chips as part of its massive AI development. As part of the deal, announced Tuesday, AMD will issue Meta 160 million shares of common stock that will vest in a series of tranches…
Meta Platforms (META) is at a critical crossroads. Earlier this month, the tech giant announced that it was pausing the international launch of its long-awaited Ray-Ban Display smart glasses, citing unprecedented demand in the US and limited global inventory as the key reasons for the delay. Originally scheduled to launch in Europe and Canada in…
Jan 6 (Reuters) – Chinese officials are reviewing Meta’s (META) $2 billion acquisition of artificial intelligence startup Manus over possible technology control violations, the Financial Times reported on Tuesday, citing two people familiar with the matter. Reuters could not immediately verify the report. Meta and Manus did not immediately respond to requests for comment. Chinese…
Dec 30 (Reuters) – Meta said on Monday it would acquire Chinese-founded artificial intelligence startup Manus, as the tech giant accelerates its efforts to integrate advanced AI into its platforms. Financial terms of the transaction were not released, but a source with direct knowledge of the matter said the deal values ​​the Singapore-based company at…
U.S. stocks rose at the start of the week as investors prepared for upcoming tech earnings and the July jobs report. The S&P 500 and Dow Jones Industrial Average gained about 0.2%, while the tech-heavy Nasdaq Composite added 0.3%. As attention turns to Apple and Amazon’s second-quarter results, market experts draw parallels with the 2019…
There were some interesting moves in the world of stocks today. Google’s parent company, Alphabet, did not do as well as expected and its shares fell more than 8%. On the other hand, Microsoft had a great day. Its shares rose 4% after it performed very well in its earnings report. The Dow Jones, which…
(Reuters) -Meta has reached a $27 billion financing deal with Blue Owl Capital to fund its largest data center project globally, as big technology companies race to build the infrastructure needed to drive their artificial intelligence ambitions. Tuesday’s announcement marks the largest private equity deal ever made by Meta. Under the deal, Meta will retain…
U.S. stock futures are on the rise after a stellar January jobs report and impressive tech sector earnings. This caps a busy week for investors, with major data releases and corporate earnings boosting market sentiment. Futures linked to the S&P 500 index rose 0.3%, indicating a positive start to the trading day. However, futures linked…
