Meta is restructuring its AI group, splitting it into four teams in a move to accelerate the company's pursuit of superintelligence. Bloomberg's Riley Griffin discusses the details with Caroline Hyde on “Bloomberg Tech.
Meta signed a deal yesterday with solar developer Silicon Range to develop a $100 million, 100-megawatt solar farm in South Carolina.
Meta remains a 'strong buy' due to its robust long-term growth prospects and effective AI-driven business transformation. AI initiatives are directly boosting Meta's advertising efficiency, user engagement, and financial results, supporting sustained double-digit revenue growth. Meta's outstanding profitability and strong free cash flow enable aggressive investment in AI and infrastructure, positioning it for future dominance.
Shares of Meta Platforms Inc. (NASDAQ: META) lost 5.27% over the past five trading sessions, dragging down the Magnificent Seven mainstay's year-to-date gain to 22.97%.
I/O Fund lead tech analyst Beth Kindig discusses A.I. stock and technologies on 'Making Money.
Meta is reportedly set to unveil smart glasses that incorporate a display in September and offer them at a price starting at $800.
On Friday, The Information reported that Meta was preparing to tear down its existing AI org and reorganize it into four new groups. Four days later, the change has been made official with an internal memo, as reported by Bloomberg and The New York Times.
Meta Platforms' AI-driven engagement boost, and new WhatsApp safety tools and Instagram features fuel strong ad revenue growth despite stiff competition.
Meta is rolling out an AI-powered voice translation feature to all users on Facebook and Instagram globally, the company announced on Tuesday.
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) is undergoing another overhaul of its artificial intelligence operations, a move that highlights both the strategic importance and challenges of the company's AI ambitions, according to Bank of America analysts. According to a report from The Information, the company intends to divide its Superintelligence Labs unit into four groups: a “TBD Lab,” a products team that includes the Meta AI assistant, an infrastructure team, and the Fundamental AI Research lab.
The Meta AI app offers an uneven experience, posing a sharp contrast to Mark Zuckerberg's lofty artificial intelligence ambitions. Samantha Kelly has the scoop -------- Like this video?
Meta is expected to announce a new restructuring of its artificial intelligence division amid internal tensions over the technology, people with knowledge of the plans said.