Meta CEO Mark Zuckerberg is in the midst of an AI spending binge, sparing no expense to bring in top talent. Following last week's announced $14.3 billion investment in Scale AI, Meta is planning to hire two pricey entrepreneurs and has been trying to do other deals.
Meta Platforms is a closely watched company, with its quarterly earnings carefully scrutinized. Meta's Q1 2025 earnings report was released on April 30, 2025.
Meta approached artificial intelligence startup Perplexity AI about a potential takeover bid, CNBC confirmed. The two companies did not finalize a deal, and Perplexity ultimately walked away from the discussions, according to a source.
Meta (META) and Oakley unveiled a new line of AI-powered glasses Friday that will be available for preorder starting next month.
Meta Platforms (META) is doubling down on its strategy of investing billions of dollars to poach top AI talent, with plans to add another AI startup CEO to its ranks.
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) is stepping up its smart glasses game with a new collaboration with Oakley. The limited-edition Oakley Meta HSTN model, priced at $499, opens for preorder on July 11, with other Oakley models using Meta's tech available later this summer starting at $399.
Meta Platforms is reportedly stepping up its AI efforts, trying to acquire a major start-up and recruiting new executives.
Recently, Zacks.com users have been paying close attention to Meta Platforms (META). This makes it worthwhile to examine what the stock has in store.
Meta recently tried to acquire Safe Superintelligence, the AI startup launched by OpenAI co-founder Ilya Sutskever, according to sources familiar with the matter. When Sutskever rebuffed the offer, Mark Zuckerberg moved to recruit the startup's CEO and co-founder Daniel Gross instead.
In its latest multi-billion-dollar move, Meta Platforms NASDAQ: META has made a big investment in data-labeling company Scale AI. The tech giant will invest over $14 billion in Scale and gain a 49% stake in the company.
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) is in advanced talks to bring on Nat Friedman, the former CEO of GitHub, as part of its expanding artificial intelligence (AI) initiatives, The Information reported on Wednesday, citing a person familiar with the matter. The parent company of Facebook, Instagram, and WhatsApp is also reportedly in discussions with Daniel Gross, Friedman's longtime collaborator and co-founder of the AI-focused investment firm NFDG, about a potential role at Meta focused on artificial intelligence.
So far this year, one of the better performers among Magnificent 7 has been Meta Platforms Inc.