Meta has appointed Indian entrepreneur Kunal Shah as the new head of WhatsApp, succeeding Will Cathcart who is moving to a new product role. This leadership change coincides with Meta's $900 million investment in Indian fintech company CRED, where Shah will step down as CEO but keep his shares. India, WhatsApp's largest market with over 500 million users, is central to Meta's growth plans in business messaging and digital payments. Shah's experience with CRED and Indian fintech is expected to drive WhatsApp's expansion in payments, commerce, and business communications in the region.
Google's stock fell as much as 7% after two top AI researchers, John Jumper and Noam Shazeer, left for competitors Anthropic and OpenAI. These departures raise concerns that Google is losing its edge in AI talent and innovation, potentially falling b...
Major tech companies are expected to spend about $750 billion on AI development this year, primarily funded through debt rather than cash reserves. This marks a shift from the past decade when these firms self-funded growth, making them less sensitiv...
After Elon Musk became the world's first trillionaire following SpaceX's public debut, prediction market traders on Kalshi see Meta CEO Mark Zuckerberg as the most likely to become the second trillionaire, with a 32% chance. Zuckerberg's net worth wo...
Global data center vacancy rates have fallen to historic lows amid soaring AI demand, with markets like Northern Virginia at just 0.3% vacancy. This shortage is driving up prices and forcing customers to pre-lease new capacity before completion. Nebi...
Sabanci Renewables, a subsidiary of Sabanci Holding, has signed a long-term Power Purchase Agreement with Meta to supply 100% of the environmental attributes from its 220 MW solar projects in Texas, expected to be completed in late 2027. These projec...
