Meta is set to report earnings after market close on Wednesday, with traders expecting the company to emphasize its Ray-Ban Meta smart glasses and expansion into cloud computing during the conference call. There is a high likelihood Meta will mention "cloud" and "Ray-Ban," reflecting its new smart glasses launch and cloud infrastructure plans. However, traders predict low chances of discussing its chips, the Hyperion data center, or social media policy issues such as age verification. This focus signals Meta's strategic shift towards hardware and cloud services rather than social media controversies.
BlackRock will own 80% of Meta's $14 billion AI data center campus in El Paso, Texas, marking a major Wall Street investment in AI infrastructure. Meta contributes land and assets worth $2.3 billion, while BlackRock invests $4.9 billion in cash, leav...
Meta Platforms' stock has declined 15% over the past year, mainly due to heavy investments in AI infrastructure. Despite these investments enhancing its advertising business, the market remains skeptical without clear AI-driven revenue commentary. Me...
Meta and BlackRock have formed a venture to develop a $14 billion data center campus in El Paso, Texas, designed to support Meta's AI ambitions with 1 gigawatt of compute capacity. Meta will manage construction and operations, while BlackRock and par...
Anthropic CEO Dario Amodei clarified that his company does not support banning open-weight AI models, countering industry rumors. He emphasized that open-weight models without dangerous capabilities are beneficial public goods that aid businesses and...
Meta has upgraded its AI assistant, Muse Spark 1.1, to connect with users' email and calendars, generate presentations, conduct research, and automate tasks, aiming to become a workplace productivity tool. This move positions Meta against Microsoft a...
