Latest in Meta nearly doubling spending with eye toward AI
Sort by
881 items
-
Meta to Increase Spending to $65 Billion This Year in A.I. Push
Much of the capital investment, a big jump from 2024, will fund expansion of Meta’s data centers, which provide the computing power needed by A.I. products and algorithms.The New York Times - 1d -
Zuckerberg sets Meta's AI targets for the year, expects to spend $60 billion on growth
Meta CEO Mark Zuckerberg announced the company plans to invest around $60 billion to $65 billion in capital expenditures this yearCNBC - 1d -
Meta Spending to Soar on AI, Massive Data Center
The social-media giant plans to spend between $60 billion and $65 billion, the latest sign of tech companies’ accelerating investments into artificial intelligence.The Wall Street Journal - 1d -
‘Neo-Nazi Madness’: Meta’s Top AI Lawyer on Why He Fired the Company
In an exclusive interview with WIRED, celebrated intellectual property lawyer Mark Lemley elaborates on why he quit and what he makes of the AI copyright battlefield.Wired - 2d -
A look at Trump's NATO spending targets
Presented by Lockheed Martin — The U.S. spends around 3 percent of economic output on defense {beacon} Defense &National Security Defense &National Security The Big Story Unpacking Trump's push ...The Hill - 1d -
$60 billion in one year: Mark Zuckerberg touts Meta's AI investments
Meta CEO Mark Zuckerberg announced Friday that the company plans to build a massive data center in Louisiana to power its newest AI model, Llama 4, which is set to launch this year.NBC News - 1d -
Meta's increased AI spending helps both of our two chipmakers, but one especially
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.CNBC - 1d -
Zuckerberg wants to spend billions more on AI. Meta investors like that idea.
Mark Zuckerberg says Meta is targeting $60 billion to $65 billion in capital expenditures this year. One analyst thinks up to $33 billion of that could go toward GPUs.MarketWatch - 1d -
Meta nearly doubling spending with eye toward AI
Meta CEO Mark Zuckerberg announced Friday the social media company will nearly double its spending this year as it focuses on artificial intelligence (AI) development. Meta is planning to invest ...The Hill - 1d -
-
Early Facebook investor Jim Breyer says Zuckerberg has been 'revitalized' by Meta's AI push
Venture capitalist and early Facebook investor Jim Breyer said Meta CEO Mark Zuckerberg has been energized by his company's recent push into AI.CNBC - 3d -
Meta backs Databricks as the data analytics startup inches toward IPO
Meta rarely invests in startups, but it works with Databricks on the Llama open-source models that Meta trains.CNBC - 3d -
TikTok-owner ByteDance plans to spend $12bn on AI chips in 2025
Chinese owner of video app seeks growth from AI as its social media business comes under pressure in USFinancial Times - 4d -
Trump pardons nearly 1,600 Jan. 6 defendants
On his first day in office, President Trump pardoned and commuted the sentences of nearly 1,600 people convicted of offenses related to the Jan. 6, 2021, assault on the U.S. Capitol. Among them are ...CBS News - 4d -
Valencia condemn abuse toward Sociedad players
Hosts Valencia and Real Sociedad have condemned the racist abuse aimed at visiting Japan international Take Kubo and forward Ander Barrenetxea during Sunday's match at the Mestalla stadium.ESPN - 5d -
Microsoft AutoGen v0.4: A turning point toward more intelligent AI agents for enterprise developers
AutoGen represents Microsoft’s latest attempt to address the challenges of building multi-agent systems for enterprise applications. This article explores what this means for the state of agentic ...VentureBeat - Jan. 18 -
House Budget Republicans eye more than 200 spending cuts, tax changes for major bill
Republicans on the House Budget Committee are considering more than 200 potential budget cuts, tax breaks, tariffs and changes to programs like Medicare and Social Security in preparation for their ...The Hill - Jan. 17 -
Israel, Hamas barrel toward ceasefire: How will it work?
Fifteen months of devastating war in Gaza could come to a halt as soon as Sunday, with Israel’s government poised to approve a ceasefire and hostage release deal with Hamas. Though the exact ...The Hill - Jan. 17 -
Biden pardons nearly 2,500 nonviolent drug offenders
"With this action, I have now issued more individual pardons and commutations than any president in U.S. history," President Joe Biden wrote in his announcement Friday.ABC News - Jan. 17 -
Russian forces advance towards Dnipro region
Troops bypass urban warfare in Donetsk and push towards highway leading to DnipropetrovskFinancial Times - Jan. 12 -
Rams-Vikings Relocation Nearly Unprecedented in NFL History
Ultimately, the NFL had no choice. On Thursday, as multiple fires continued to burn across Los Angeles, the league announced it would move Monday night’s wild card game between the Los Angeles Rams ...Yahoo Sports - Jan. 10 -
Zuckerberg approved Meta’s use of ‘pirated’ books to train AI models, authors claim
Sarah Silverman and others file court case claiming CEO approved use of dataset despite warnings. Business live – latest updates Mark Zuckerberg approved Meta’s use of “pirated” versions of ...The Guardian - Jan. 10 -
Meta Secretly Trained Its AI on a Notorious Piracy Database, Newly Unredacted Court Docs Reveal
One of the most important AI copyright legal battles just took a major turn.Wired - Jan. 9 -
Prices of top 25 Medicare Part D drugs have nearly doubled, AARP study finds
AARP's new research finds price growth for top Part D prescription drugs has exceeded inflation, making a case for allowing Medicare to negotiate prices.CNBC - Jan. 9 -
Meta's fact-checking flip
Welcome to The Hill's Technology newsletter {beacon} Technology Technology The Big Story Why Meta ditching fact-checking is so significant Meta is rolling out a series of changes to its content ...The Hill - Jan. 7 -
Meta hosts AI chatbots imitating 'Hitler,' 'Jesus Christ' and Taylor Swift
In less than six months users have created and successfully published chatbots on Meta’s platforms that violate its rules.NBC News - Jan. 7 -
Do Facts Meta on Facebook?
Mark Zuckerberg removes fact-checking on his platforms.BBC News - Jan. 7 -
Sources: A's keep spending with Rooker extension
Designated hitter Brent Rooker and the Athletics are in agreement on a five-year, $60 million contract extension, sources told ESPN, continuing a winter of uncharacteristic spending with a ...ESPN - Jan. 7 -
Online holiday spending rises nearly 9%, as deals and AI-powered chatbots fuel purchases, data shows
Online spending rose 8.7% during the holiday season from last year, according to data from Adobe Analytics, as deals and the use of AI-powered chatbots helped inspire purchases.NBC News - Jan. 7 -
Online holiday spending rises nearly 9%, as deep discounts and AI-powered chatbots fuel purchases, Adobe data says
The holiday e-commerce results from Adobe are a promising sign for the retail industry, which will begin reporting holiday results in February.CNBC - Jan. 7 -
Vikings spend nearly $2 million on tickets at Detroit's Ford Field for Week 18 clash vs. Lions
The Vikings purchased the seats on the secondary market and offered them to season ticket-holders.Yahoo Sports - Jan. 4 -
Microsoft expects to spend $80 billion on AI-enabled data centers in fiscal 2025
Over half of Microsoft's $80 billion in spending will take place in the U.S., Microsoft Vice Chair and President Brad Smith wrote in a Friday blog post.CNBC - Jan. 4 -
Meta shuts down its AI character accounts that users called 'creepy and unnecessary'
Since late 2023, around a dozen AI Instagram and Facebook accounts created by their social media parent company Meta quietly existed on the platforms.NBC News - Jan. 3 -
Meta is killing off its own AI-powered Instagram and Facebook profiles
Instagram profile of ‘proud Black queer momma’, created by Meta, said her development team included no Black people. Meta is deleting Facebook and Instagram profiles of AI characters the company ...The Guardian - Jan. 3 -
Microsoft expects to spend $80 billion on AI-enabled data centers over next 12 months
Microsoft plans to spend $80 billion in fiscal 2025 on the construction of data centers that can handle artificial intelligence workloads, the company said in a Friday blog post.NBC News - Jan. 3 -
Meta Deleted Its Controversial AI Profiles. Here’s Why.
Meta still has plans to use AI to drive engagement on its platforms, though.Inc. - Jan. 3 -
How Meta’s latest research proves you can use generative AI to understand user intent
By thinking about recommendation as a generative problem, you can tackle it from new angles and use LLMs to better understand user intent.VentureBeat - Jan. 3 -
Mortgage demand dives nearly 22% to end 2024
A sharp rise in mortgage interest rates took its toll on mortgage demand, hitting just as the housing market entered its typically slowest stretch of the year.NBC News - Jan. 2 -
Mortgage demand dives nearly 22% to end 2024
Rising mortgage interest rates collided with the slowest month of the year for sales.CNBC - Jan. 2 -
Djokovic and Kyrgios beaten in doubles in Brisbane
Novak Djokovic and Nick Kygrios are narrowly beaten in the second round of the doubles at the Brisbane International.BBC News - Jan. 1
