AI stocks, which have skyrocketed in recent years, have surely grown wealth for many investors. Investors have piled into these players to bet on what could be a game-changing technology.
Bank of America's Andrew Obin joins 'Closing Bell Overtime' to talk the pace of data center investment as AI companies race to build out capacity.
Meta signed agreements with three nuclear energy companies to help power its artificial intelligence-focused data centers. The agreements with Vistra, TerraPower and Oklo, together with one signed with Constellation Energy last year, make Meta one of the top buyers of nuclear energy in the United States, Meta said in a Friday (Jan.
Meta today announced three deals to provide its data centers with nuclear power, one from a startup, one from a smaller energy company and one from a larger company that already operates several nuclear reactors in the U.S.
Several nuclear energy stocks surged Friday morning thanks to new agreements with a Big Tech giant.
Meta Platforms NASDAQ: META just provided an interesting update on its latest artificial intelligence (AI) glasses. In September of last year, the Magnificent Seven company unveiled its next-generation AI device, the Meta Ray-Ban Display.
Meta Platforms said on Friday it struck 20-year agreements to buy power from three Vistra nuclear plants in the U.S. heartland and develop projects with two companies hoping to build small modular reactors.
The Facebook parent will back nuclear projects with Oklo, Bill Gates-backed TerraPower, and Vistra.
Meta CTO Andrew Bosworth is holding a meeting he called the "most important" of the year. Managers are urging staff to attend in person, an unusual push for Reality Labs.
Chinese regulators are investigating Meta's $2 billion purchase of artificial intelligence startup Manus, CNBC reported Thursday (Jan. 8). The probe will focus on whether the deal complies with China's export control laws, the report said.
China said on Thursday it would assess and investigate Meta's acquisition of artificial intelligence startup Manus, in a move highlighting its technology rivalry with the U.S..
Last year, one of the better performers among the Magnificent 7 was Meta Platforms Inc.