Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) is stepping up its smart glasses game with a new collaboration with Oakley. The limited-edition Oakley Meta HSTN model, priced at $499, opens for preorder on July 11, with other Oakley models using Meta's tech available later this summer starting at $399.
Meta Platforms is reportedly stepping up its AI efforts, trying to acquire a major start-up and recruiting new executives.
Recently, Zacks.com users have been paying close attention to Meta Platforms (META). This makes it worthwhile to examine what the stock has in store.
Meta recently tried to acquire Safe Superintelligence, the AI startup launched by OpenAI co-founder Ilya Sutskever, according to sources familiar with the matter. When Sutskever rebuffed the offer, Mark Zuckerberg moved to recruit the startup's CEO and co-founder Daniel Gross instead.
In its latest multi-billion-dollar move, Meta Platforms NASDAQ: META has made a big investment in data-labeling company Scale AI. The tech giant will invest over $14 billion in Scale and gain a 49% stake in the company.
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) is in advanced talks to bring on Nat Friedman, the former CEO of GitHub, as part of its expanding artificial intelligence (AI) initiatives, The Information reported on Wednesday, citing a person familiar with the matter. The parent company of Facebook, Instagram, and WhatsApp is also reportedly in discussions with Daniel Gross, Friedman's longtime collaborator and co-founder of the AI-focused investment firm NFDG, about a potential role at Meta focused on artificial intelligence.
So far this year, one of the better performers among Magnificent 7 has been Meta Platforms Inc.
Meta Platforms (NASDAQ: META) is scheduled to distribute its quarterly dividend on June 26.
Meta is reportedly in talks to hire artificial intelligence (AI) investors Nat Friedman and Daniel Gross and partially buy out their venture capital fund, NFDG. [contact-form-7] The company aims to have Friedman and Gross help lead its AI efforts, The Information reported Wednesday (June 18), citing unnamed sources.
Meta Platforms is an incredibly strong company, sporting robust margins, multiple avenues for growth, and a portfolio of incredible digital properties. The WhatsApp development only strengthens our investment thesis, as billions more users getting monetized should materially impact the bottom line in the short, medium, and long-term. Trading at an entirely reasonable price point, we're re-iterating our 'Strong Buy' rating on the stock.
OpenAI is phasing out its work with Scale AI and cutting ties with the data provider following Meta's deal with the startup, an OpenAI spokesperson told Bloomberg on Wednesday.
Scale AI's Interim CEO Jason Droege said the AI startup is not pivoting or winding down following Meta's multibillion-dollar investment. Meta has a 49% stake in Scale AI after investing $14.3 billion into the startup, a deal that included the departure of Scale AI founder Alexandr Wang for the social media company.