New model was competitive with leadings labs' offerings on benchmark tests, company said.
Meta Platforms on Wednesday unveiled Muse Spark, the first artificial intelligence model from a team it assembled last year through a costly talent war and sweeping internal restructuring to catch up with rivals in the AI race.
Meta Platforms, Inc. remains fundamentally strong, with Q4 revenues up 23.8% Y/Y to $59.89B, exceeding expectations. AI investments are driving improved ad performance and monetization, with Threads and WhatsApp now contributing meaningful incremental revenue. Scaling down metaverse spending and potential workforce reductions could boost margins and bottom-line performance going forward.
The legal system just sent a shockwave through shares of the Magnificent Seven giant Meta Platforms NASDAQ: META. The company lost two cases, one in New Mexico and another in California, leading shares to take significant hits.
Meta has paused its work with Mercor and is investigating after a data breach, a person familiar said. Mercor confirmed to Business Insider that it was recently affected by a security incident.
Meta is cutting approximately 200 jobs in the San Francisco Bay Area as the company restructures teams and invests heavily in AI infrastructure.
Meta is expanding its AI hardware effort and tapped veteran engineer Rui Xu to lead it. It hints that Meta's Superintelligence Labs is exploring new AI device types beyond smart glasses.
The Facebook parent company will cut nearly 200 workers in the Bay Area, according to newly surfaced state filings.
Data centers have gotten so large that their power demands now rival entire U.S. states. Take Meta's Hyperion AI data center, for example.
Meta Platforms is undervalued, trading at 16x FY27 P/E, with market pessimism over regulatory, CapEx, and Reality Labs risks already priced in. I see 2026 as an inflection year, with AI monetization, business efficiency, and top-line acceleration driving asymmetric upside from current levels. Meta's core ad business benefits from AI-driven improvements, while optionality in subscriptions, WhatsApp, Threads, and AR glasses provides secondary growth levers.
Meta Platforms (META) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Meta quietly reorganized its recommendations team last fall to form an elite AI research lab. Yang Song, a former TikTok executive, heads the unit.