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. Meta plans to monetize excess AI computing power by selling it to third parties, a strategy similar to Amazon's AWS launch and SpaceX's model. Investors are advised to watch this development closely as it could become a significant new revenue stream.
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 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...
Anthropic CEO Dario Amodei clarified that his company does not support banning open-weight AI models, which users can download and modify. This statement follows a coalition of tech firms urging policymakers to avoid premature restrictions on such mo...
