Meta has signed an agreement with startup Overview Energy to use satellites that beam infrared light to solar farms, enabling data centers to generate electricity at night. This innovative approach aims to boost the efficiency of solar power by transmitting energy collected in space to Earth-based solar farms, reducing reliance on fossil fuels. Overview plans to launch its first satellite in 2028 and deploy up to 1,000 satellites by 2030, covering a third of the planet and supporting Meta's goal of 30 gigawatts of renewable power. This technology could transform how solar energy is stored and used, especially for energy-intensive AI computing needs.
Jim Cramer cautioned that the recent rally in Big Tech stocks like Alphabet, Microsoft, Meta, and Amazon might be more about investor optimism than real improvements in their business fundamentals. Despite positive news such as Warren Buffett's endor...
Meta Platforms faces a lawsuit from 26 employees alleging the company used AI tools and automated metrics to select workers for layoffs, disproportionately affecting those on medical, parental, or family leave. The lawsuit claims Meta's AI-driven per...
TappAlpha introduced the TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF (TMGN), which offers exposure to the Cboe Magnificent 10 Index featuring leading tech companies like Nvidia, Microsoft, and Apple. This ETF applies TappAlpha's options-b...
A group of current and former Meta employees filed a lawsuit claiming the company used artificial intelligence in its recent layoffs in a discriminatory way. The lawsuit alleges Meta's AI systems ignored approved absences like medical or family leave...
Meta faces a lawsuit from 26 employees accusing the company of using AI tools that unfairly targeted workers with disabilities and those on medical leave during recent layoffs. The suit claims Meta's AI system, including an internal bot and activity ...
