A group of 42 state attorneys general are calling on Meta to curb the rise of investment scams on Facebook that fraudulently use the images of Warren Buffett and other famous figures, New York Attorney General Letitia James said. James said in a news release criminals are consistently evading Meta's automated and human review systems to post fake ads that leave retail investors saddled with millions of dollars in losses.
The planned deal is part of a broader revamp of Meta's AI leadership after its struggles to build the technology.
The stock is gapping its Magnificent Seven peers this year.
Daniel Newman, Futurum Group CEO, joins 'Power Lunch' to discuss if Meta's behind on its AI progress.
CNBC's Deirdre Bosa joins 'Money Movers' to discuss Meta agreeing to take a nearly $15 billion stake in Scale AI.
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) has agreed to invest $15 billion for a 49% stake in data-labeling startup Scale AI, according to multiple reports Tuesday. The move marks one of the tech giant's largest strategic bets to accelerate its artificial intelligence ambitions.
Meta plans to unveil a new AI research lab dedicated to “superintelligence” as the company works to compete in the AI race, according to several reports.
Among the almighty Magnificent Seven stocks, Meta Platforms NASDAQ: META is now the undisputed front-runner when it comes to performance so far in 2025. As of the June 9 close, Meta has provided a total return of just under 19%.
Meta is forming a new AI research lab dedicated to "superintelligence," according to a report from The New York Times. Alexandr Wang, the founder and CEO of the startup Scale AI, is reportedly joining the lab.
Mark Zuckerberg, frustrated with Meta Platforms Inc.'s shortfalls in AI, is assembling a team of experts to achieve artificial general intelligence, recruiting from a brain trust of AI researchers and engineers who've met with him in recent weeks at his homes in Lake Tahoe and Palo Alto. Bloomberg Intelligence's Matthew Bloxham has more.
The new lab, set to include Scale AI founder Alexandr Wang, is part of a reorganization of Meta's artificial intelligence efforts under chief executive Mark Zuckerberg.
Meta Platforms (META) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.