Meta, the company that owns Facebook, are planning a new AI data center, the company's largest yet, in Richland Parish, Louisiana. The local utility company, Entergy, has plans to build three new gas-fired power plants to supply the additional electricity needed for the data center.
A landmark antitrust trial accusing the social media giant of cementing its dominance through acquiring Instagram and WhatsApp has concluded.
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.
Meta is a fairly easy investment to understand through the lens of its financials. It presently trades at about 16x enterprise value to family of apps operating profits, while growing at 20%. Exceptionally attractive. That said, with the rapid emergence of AI and an ongoing antitrust trial, Meta remains as controversial as ever.
Meta is making massive AI-driven bets across five high-upside tech trends to secure its next wave of growth. From autonomous AI advertising to AI-powered messaging and interactive content, each initiative significantly expands Meta's total addressable market. The company's vast user base, behavioral data, and platform integration give it a unique edge in deploying personalized and scalable AI solutions.
Meta's AI team has faced a talent drain as key Llama model creators have exited. The departures raise concerns about Meta's ability to retain top AI talent.
A German court on Friday dismissed an injunction request brought by consumer protection groups to prevent US tech giant Meta from using user data from Facebook and Instagram to train artificial intelligence systems.
A German consumer rights group on Friday failed to win a court injunction to stop Meta Platforms from training its artificial intelligence models with Facebook and Instagram user posts.
Meta signed another big solar deal on Thursday, securing 650 megawatts across projects in Kansas and Texas.
So far this year, one of the better performers among Magnificent 7 has been Meta Platforms Inc.
The social media company called only a handful of witnesses as it sought to prove it helped Instagram and WhatsApp after acquiring them.
Magnificent Seven giant Meta Platforms NASDAQ: META has been no stranger to Wall Street analyst upgrades lately. After the company's last earnings report, nearly 20 analysts tracked by MarketBeat increased their price targets on the stock.