This article was written by Doug Nathman, with research by his team at Trefis.
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) has announced plans to build a 1-gigawatt data centre in Sturgeon County, Alberta, marking the technology company's first such facility in Canada as it expands its computing infrastructure to support artificial intelligence development. The project represents an investment of more than C$13 billion ($9.17 billion) and will become Meta's 33rd data centre globally.
The EU announced on Friday that Meta must overhaul Facebook's and Instagram's addictive design features or face a fine. The tech giant is in breach of the Digital Services Act by focusing on features like infinite scroll, autoplay, push notifications, and highly personalized recommendation algorithms, the European Commission said.
Meta stock faces a challenge as social-media company Meta Platforms reportedly plans to start manufacturing a new in-house AI chip from September.
The bloc's regulator said the tech giant may be in breach of its digital rules, opening the door to heavy fines.
This week, Meta launched Muse Image, Meta Superintelligence Lab's first image generation model. And with the new AI tool, Meta is once again testing the limits of privacy rights.
Shares of Meta rallied on Thursday following the launch of a new AI model and reports of a big custom-chip milestone.
Meta publicly launched a new version of Muse Spark on Thursday, a multimodal AI model designed for agentic coding that aims to compete with similar products offered by OpenAI and Anthropic.
Mark Zuckerberg's Meta plans to design its own artificial intelligence chips in-house starting in September – part of an industry-wide effort by the biggest names in AI to start making their own chips amid ongoing high demand.
On Thursday, Meta launched a new model, Muse Spark 1.1, for coding and AI agents. CEO Mark Zuckerberg said pricing will be "very aggressive," calling out other labs for high costs.
In a bid to lower its GPU costs amid an unprecedented component shortage, Meta is on track to start making the latest versions of its AI-specific chip in September, Reuters reported, citing an internal memo.
The patent filing, which was filed on July 2, describes an “apparatus” for “emotional state analysis and real-time fitness coaching.” Meta wrote in part that the device would use insights such as whether the user is happy or sad to generate a workout routine.