Chinese regulators have ordered Meta to unwind its $2 billion acquisition of the AI startup Manus, forcing Manus to resume operating as an independent company. The deal, announced in December 2023, faced scrutiny over foreign investment rules amid rising US-China tech tensions. Manus users are advised to back up data generated after the deal announcement. This move reflects Beijing's tightening control over tech exports and cross-border investments in the competitive AI landscape. Meta had planned to integrate Manus' AI technology into its products as part of its broader AI expansion strategy.
Meta Platforms is investing heavily in its Hyperion campus in Louisiana, with Bloomberg estimating the total cost could exceed $250 billion, though Meta has publicly confirmed spending over $50 billion. The campus will eventually support 1,000 perman...
Goldman Sachs downgraded Advanced Micro Devices (AMD) to a Sell rating despite the company reporting record Q2 revenue of $11.54 billion, driven largely by its Data Center segment which accounts for 58% of sales. AMD projects strong Q3 revenue of $13...
Meta has partnered with North America’s Building Trades Unions (NABTU) to access its apprenticeship and training programs, aiming to meet the rising demand for skilled trades workers needed to build and maintain AI infrastructure across the U.S. This...
Meta Platforms shares dropped nearly 8% after Q2 earnings missed EPS expectations by 14.4%, despite revenue growth of 28%. The company reported a massive $31 billion quarterly capital expenditure as it invests heavily in AI infrastructure and busines...
Vanguard's VTSAX mutual fund, though low-cost on paper, can incur significant hidden expenses like capital gains taxes, a $3,000 minimum investment, and transaction fees outside Vanguard platforms. Its ETF counterpart, VTI, offers the same broad US m...
