Meta is expanding its AI hardware effort and tapped veteran engineer Rui Xu to lead it. It hints that Meta's Superintelligence Labs is exploring new AI device types beyond smart glasses.
The Facebook parent company will cut nearly 200 workers in the Bay Area, according to newly surfaced state filings.
Data centers have gotten so large that their power demands now rival entire U.S. states. Take Meta's Hyperion AI data center, for example.
Meta Platforms is undervalued, trading at 16x FY27 P/E, with market pessimism over regulatory, CapEx, and Reality Labs risks already priced in. I see 2026 as an inflection year, with AI monetization, business efficiency, and top-line acceleration driving asymmetric upside from current levels. Meta's core ad business benefits from AI-driven improvements, while optionality in subscriptions, WhatsApp, Threads, and AR glasses provides secondary growth levers.
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 quietly reorganized its recommendations team last fall to form an elite AI research lab. Yang Song, a former TikTok executive, heads the unit.
Meta is using artificial intelligence to handle some of the tasks that help it build safer products and services, the company said in a Tuesday (March 31) blog post.
Meta lost a lawsuit against the state of New Mexico last week, marking the first time that the company has been held liable by the court system for endangering child safety. This was a landmark decision on its own – but the next day, Meta lost another case when a jury in Los Angeles found that the company knowingly designed its apps to be addictive to children and teens, therefore endangering the mental health of the plaintiff, a twenty-year-old known as K.G.M.
Meta Platforms rolls out AI and engagement features across apps, boosting ad revenue growth as competition from Snap and Reddit intensifies.
Meta Platforms (NASDAQ:META | META Price Prediction) shares are up 4% in Tuesday trading, with the stock climbing from an opening price of $536.38 to trade around $558.
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Meta Platforms launched two new Ray-Ban prescription smart glasses on Tuesday, expanding its offerings in an area that has become one of the few breakthrough successes in the race for artificial intelligence-powered gadgets.