Meta is set to begin manufacturing its latest AI-specific chips in September to reduce reliance on costly GPUs amid a global component shortage. The company is collaborating with Broadcom for chip design and TSMC for manufacturing, using modular chiplets for flexibility as AI demands evolve. These chips will support Meta's AI workloads, including training models for ranking and recommendations, helping save on purchases from Nvidia and AMD. Meta continues heavy investment in AI infrastructure, planning to double its compute capacity next year and securing deals with major tech firms for AI hardware.
The Vanguard 500 Index Fund Admiral Shares (VFIAX) charges a very low 0.04% annual fee and holds about $598 billion in assets, tracking the S&P 500 index. Over the past decade, it has returned 312.9%, largely driven by concentrated investments in maj...
Jim Cramer warns that political opposition and stricter regulations could slow the rapid expansion of data centers, impacting valuations of companies benefiting from the AI infrastructure boom. While smaller developers may struggle with new rules, la...
Snap shares rose 4% to $5.47 despite no new company announcements, driven by group dynamics rather than specific news. Meta Platforms and Alphabet also gained modestly, while Reddit declined 1%, diverging from the others. The Global X Social Media ET...
Coinbase has chosen Chainlink as the official oracle infrastructure for its Tokenized Stocks on the Base blockchain, providing continuous, institutional-grade pricing data. This integration allows millions of Base users to lend, borrow, and trade tok...
Luke Metz, a prominent AI researcher formerly with OpenAI, has joined Meta's Superintelligence Labs, reporting to AI head Alexandr Wang. This move is part of Meta's ongoing strategy to strengthen its AI capabilities amid fierce competition for top ta...
