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 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.
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.
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.
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 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 has landed one of Wall Street's most connected dealmakers as it expands its AI growth.
Meta is urging Australia to reconsider its social media ban for under 16s as teens look to circumvent the law via alternative platforms. The ban restricts access to platforms like Meta's Instagram, Snapchat, Reddit, YouTube and TikTok.
Tech giant Meta urged Australia on Monday to rethink its world-first social media ban for under-16s, while reporting that it has blocked more than 544,000 accounts under the new law.
Gaming and social media platforms are taking steps to identify teen users and ensure they don't see inappropriate material. Some privacy advocates have concerns.
Visa and Novartis have strong dividend track records and attractive long-term outlooks. Meta Platforms initiated a dividend two years ago, adding appeal to its already strong growth prospects.