Meta Platforms Inc Class A (META)
Meta partners with Blue Owl Capital on $27 billion AI data center project
Meta said Tuesday that it formed a joint venture agreement with Blue Owl Capital in a deal worth $27 billion to fund and develop the massive Hyperion data center in rural Louisiana. The asset management firm will own 80% in the joint venture, while Meta will retain a 20% stake and oversee the construction and property management services of the data center.
Meta Platforms analysts see Q3 beat on AI, higher ad spending
Bank of America analysts expect Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB)'s upcoming third quarter financial results to surpass Wall Street expectations, with potential upside being driven by an improving macroeconomic environment, accelerating AI benefits, and higher advertising sector spending. In a note to clients on Tuesday, the analysts stated that they expect Meta to report Q3 revenue of $50 billion along earnings per share of $7.30, beating the analyst consensus forecast of $49.5 billion and $6.69, respectively.
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Meta adds parental controls for AI-teen interactions
Meta is adding parental controls for kids' interactions with artificial intelligence chatbots—including the ability to turn off one-on-one chats with AI characters altogether—beginning early next year.
Meta closes record $30 billion deal to fund giant Louisiana data centre
In a landmark transaction for the digital infrastructure sector, Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) is finalising an almost $30 billion financing package for its vast Hyperion data centre in rural Louisiana, the largest private capital deal ever recorded. The project, based in Richland Parish, will be jointly owned by Meta and investment firm Blue Owl Capital, with the social media group retaining a 20% stake.
Meta Is Shuttering Its Messenger Apps for Mac and Windows
You've got two more months until the two apps are gone.
Chance of AI market correction is 'pretty high,' says ex-Meta exec Nick Clegg as he pushes back on superintelligence
Former Meta executive and British politician Nick Clegg sat down with CNBC's Arjun Kharpal for "Squawk Box Europe" on Wednesday. "There's just absolute spasm of almost daily, hourly, deal making" in AI, he said.
Meta Platforms (META) Beats Stock Market Upswing: What Investors Need to Know
Meta Platforms (META) closed the most recent trading day at $717.55, moving +1.26% from the previous trading session.
Meta scales AI efforts with $1.5B Texas data center investment, expanded partnership with Arm
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) is planning a $1.5 billion investment in an AI-focused data center in Texas, part of a broader effort to develop extensive AI infrastructure across the United States, the company announced on Wednesday. The Texas facility is one of several locations under consideration, including Louisiana and Wyoming, with potential total investments reaching up to $200 billion.
Meta partners up with Arm to scale AI efforts
Semiconductor design company Arm is partnering up with Meta to enhance the social media giant's AI systems amid an unprecedented infrastructure buildout. Under the partnership, Meta's ranking and recommendation systems will move to Arm's Neoverse platform, which was recently optimized for AI systems in the cloud, among other implementations.
Meta commits $1.5 billion for AI data center in Texas
Meta Platforms said on Wednesday it would invest $1.5 billion in a data center in Texas, breaking ground at its 29th such facility globally, as the social media giant expands infrastructure to support artificial intelligence workloads.
