Meta Platforms Inc Class A (META)
Mark Zuckerberg says Meta is launching its own AI infrastructure initiative
When Meta announced capital expenditure projections last year, the company made it known that it planned to spend big to build out capacity for its AI business. “We expect that developing leading AI infrastructure will be a core advantage in developing the best AI models and product experiences,” said Susan Li, Meta CFO, during an earnings call last summer.
Meta plans layoffs in its Reality Labs unit
Meta plans layoffs in Reality Labs, affecting the teams behind VR headsets and Horizon Worlds. The restructuring follows major financial losses and a strategic shift toward AI.
Meta Names Former Trump Appointee Its President as It Continues Big AI Spending
Social media giant Meta Platforms on Monday named a former Trump appointee to a high-ranking executive position.
Meta Plans to Cut 10% to 15% of Employees in Reality Labs Business
The layoffs are set to be announced this week and would affect Meta's work on the metaverse, as the company spends heavily on building artificial intelligence.
Meta Picks Former White House Advisor to Drive AI Projects
Meta has appointed new executives to head various aspects of its artificial intelligence (AI) initiatives. “Meta is planning to build tens of gigawatts this decade, and hundreds of gigawatts or more over time,” CEO Mark Zuckerberg wrote on Facebook Monday (Jan. 12).
Mark Zuckerberg says Meta will build 'hundreds of gigawatts' of AI capacity over time
Meta CEO Mark Zuckerberg announced a new "top-level" initiative called Meta Compute. Zuckerberg said Meta aims to build "hundreds of gigawatts or more" of capacity over time.
Meta to build gigawatt-scale computing capacity under Meta Compute effort
Meta will establish Meta Compute to construct tens of gigawatts of computing infrastructure this decade and hundreds of gigawatts more in the future, CEO Mark Zuckerberg said on Monday.
Power Hungry: Inside Meta's Huge Investment in a Nuclear Strategy
For the past two years, the narrative surrounding the artificial intelligence (AI) boom has focused almost exclusively on silicon chips. Investors have watched closely as tech-sector giants have purchased billions of dollars' worth of processors to build out their data centers.
Zuckerberg names banker, ex-Trump advisor as Meta president
Meta on Monday appointed banker Dina Powell McCormick as president and vice chairman, tapping a former member of the Trump administration to help steer the technology giant's massive AI infrastructure expansion.
Meta Hires Former Trump Official As President
Zuckerberg spoke about the need for more “masculine energy” in corporate America, which he said had become “culturally neutered” in an episode of Joe Rogan's podcast last year—comments that were widely seen as targeting inclusivity initiatives by former Chief Operating Officer Sheryl Sandberg. “I think having a culture that celebrates the aggression a bit more has its own merits that are really positive,” he said.
Meta hires former Trump advisor Dina Powell McCormick as president and vice chair
Meta announced on Monday that it has appointed former Trump advisor Dina Powell McCormick as president and vice chairman of the company. Meta said Powell McCormick will be a member of the company's management team and will help guide Meta's overall strategy and execution.
Meta names former Trump advisor Dina Powell McCormick as president, vice chair
Meta names former Trump advisor Dina Powell McCormick as president, vice chair
