Meta Platforms said on Tuesday it has begun construction on a new data center in Tulsa, Oklahoma, a project valued at more than $1 billion, as the Facebook-parent races to build AI infrastructure for securing computing power.
Meta Platforms, Inc. is set to release its Q1 on Wednesday, the 29th. META is coming off a record finish to fiscal 2025, with record quarterly Q4 sales, as well as forecasts for a massive increase in CAPEX through 2026. META stock is flat YTD but up about 13% in the last month.
Meta (META +0.05%) is making a massive push across AI infrastructure, smart glasses, and platform monetization, and that combination could become far more powerful than the market expects. The key question is whether these bets start reinforcing each other before rising costs weigh too heavily on sentiment.
Meta is installing new tracking software on U.S.-based employees' computers to capture mouse movements, clicks and keystrokes for use in training its artificial-intelligence models, part of a broad initiative to build AI agents that can perform work tasks autonomously, the company told staffers in internal memos seen by Reuters.
This tech powerhouse generates billions of dollars in earnings from its core business. The company is building out a significant presence in AI.
The social-media giant is aiming to cut around 8,000 employees in May as it continues to invest heavily in AI products.
Mark Zuckerberg's Meta plans to lay off 10% of its workforce in a companywide bloodletting on May 20 – with even more cuts to follow later in the year, according to a report Friday.
META deepens Broadcom AI chip pact, scaling MTIA to multi-gigawatt capacity as AI features lift engagement across its apps.
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In the latest trading session, Meta Platforms (META) closed at $671.73, marking a +1.39% move from the previous day.
Meta is reportedly reconfiguring its Reality Labs hardware division to “adapt and execute faster.” Maher Saba, head of the tech giant's new Applied AI Engineering division, outlined the overhaul in a memo Tuesday (April 14), The Information reported.
European Union regulators have threatened to force WhatsApp parent Meta Platforms to reverse a move that they say effectively limits the AI chatbots of rival companies from accessing the messaging app.