Meta reportedly continued its artificial intelligence (AI)-focused hiring spree by adding two AI researchers who had worked for Apple. The company hired Mark Lee and Tom Gunter, who will join its new Superintelligence Labs team, Bloomberg reported Thursday (July 17), citing unnamed sources.
Netflix Inc. (NASDAQ: NFLX) released extraordinary results for its most recent quarter.
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) has hired two senior artificial intelligence researchers, Mark Lee and Tom Gunter, who previously worked at Apple, continuing a wave of high-profile AI talent moves, according to Bloomberg. The pair had reported to Ruoming Pang, head of Apple's large language model efforts, whom Meta recently lured with a multiyear compensation package reportedly worth over $200 million.
Meta Platforms has hired Apple AI researchers Mark Lee and Tom Gunter for its Superintelligence Labs team, Bloomberg news reported on Thursday, citing people familiar with the matter.
Nvidia (NASDAQ: NVDA) has reached yet another historic milestone. The AI chipmaker's market capitalization has surged to $4.224 trillion, surpassing the combined value of Apple (NASDAQ: AAPL) and Tesla (NASDAQ: TSLA), according to real-time data from CompaniesMarketCap retrieved by Finbold on July 17.
Both operating systems introduce new designs, but the real story is what's happening beneath with A.I.
Apple struck a deal with rare minerals company MP Materials Transcript: CAROLINE WOODS: As President Donald Trump continues to pressure American companies to build their products in the U.S., Apple just took a big step in that direction. The iPhone maker struck a $500 million deal with rare earths company MP Materials.
MP Materials stock may be 26% overvalued after soaring in the wake of Pentagon ownership and a $500 million Apple contract. Here's why.
MP Materials remains a buy after a 230%+ rally, driven by ramping production, macro tailwinds, and major partnerships with DoD and Apple. The DoD partnership secures a 10-year deal, price floor, and major investment, positioning MP as a US rare earth monopoly with strong growth prospects. Apple's agreement adds upside and innovation potential, but the main catalyst is the DoD's support and guaranteed demand for MP's output.
MP Materials, which runs the only American rare earths mine, announced a new $500 million agreement with tech giant Apple on Tuesday to produce more of the powerful magnets used in iPhones as well as other high-tech products like electric vehicles.
This is a developing story. Check back for updates.
Apple is investing $500 million in MP Materials, a US producer of rare earth magnets. News of the deal sent MP Materials' stock price soaring more than 25% Tuesday.