Search results for "META"
17:51

Trump: Meta's Louisiana data center investment will reach up to $50 billion

Jin10 reported on August 27 that Trump said on Tuesday that Meta plans to invest $50 billion in a giant data center to be built in rural Louisiana, and he was shocked by the project's cost. "When they say a factory will cost $50 billion, I ask, 'What kind of factory is that?'" Trump said, showing a picture he claimed was given to him by Meta CEO Mark Zuckerberg, which compared the data center to Manhattan to illustrate its scale. "When you see this, you'll understand why it costs $50 billion," Trump said. Meta had previously only publicly stated that its investment in the data center would exceed $10 billion.
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00:53

Meta invests heavily, reaching a large orders agreement with Google for cloud computing services.

On August 22, Jin10 reported that in the face of an increasingly fierce AI arms race, social media giant Meta Platforms (META.O) has reached a six-year cloud computing service protocol with Google Cloud worth at least $10 billion. The protocol aims to leverage Google Cloud's server and storage services to quickly fill the computing power gap caused by Meta's long construction cycle of its own data centers. This move marks the first large-scale collaboration between the two tech giants in the field of cloud computing infrastructure. Analysts believe that this not only validates Google Cloud's price advantage but also indicates that Meta will focus on enhancing the inference capabilities of its Llama model.
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01:33

Meta has frozen recruitment for its new superintelligence department.

Meta Platforms has decided to freeze hiring in its artificial intelligence department and prohibit cross-team movement due to departmental restructuring. Although external hiring may have exceptions, it requires approval from senior management, and this move aims to establish a structure for the new superintelligence project.
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11:20

In 7 days, 4 boards for Zhongheng Electric: No cooperation protocol or sales contract has been signed with overseas cloud vendors such as Nvidia, Meta, and Google.

Jin10 data reported on August 19 that Zhongheng Electric issued an announcement regarding abnormal fluctuations in stock trading. The company has noticed recent online spread of rumors about its collaboration with overseas well-known cloud providers such as Nvidia, Meta, and Google regarding data center power outsourcing, product sales, and pricing. These rumors are untrue. As of now, the company has not signed any cooperation protocol or sales contract with the aforementioned overseas cloud providers. The company is currently actively promoting the expansion of overseas markets. Investors are advised to make rational decisions and pay attention to investment risks.
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01:53

GMX Solana launches US stocks and ETF Perptual Futures RWA market

PANews August 18 news, according to an official announcement, GMX Solana has launched the RWA market, supporting perpetual futures trading for mainstream US stocks and ETFs such as SPY, QQQ, AAPL, NVDA, TSLA, AMZN, GOOGL, MSFT, META, MSTR. The platform is developed based on Solana and uses Chainlink Oracle Machine, with risk control parameters set by Chaos.
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SOL0.58%
RWA0.26%
02:02

Meta's TBD Labs is leading the development of the new Llama model.

Meta Platforms' TBD Lab is developing a new version of the large language model Llama, with a team composed of highly paid researchers recruited from competitors. The lab will undertake multiple projects in collaboration with Meta's artificial intelligence team to enhance the model's reasoning capabilities.
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23:35

Elon Musk's fortune evaporated by 75 billion dollars this year, and the title of the richest person may change hands within the year.

After Musk took over as head of the "Department of Government Efficiency", his wealth significantly shrank by over $75 billion, bringing his net worth down to around $357 billion, and TSL's stock price fell nearly 20%. Meanwhile, the wealth of the CEOs of Oracle and Meta rose, narrowing the gap between Musk and Ellison to about $54 billion, and he may lose his status as the world's richest person by the end of the year.
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21:17

Meta's second-quarter revenue exceeded expectations, likely supporting its significant investment in the AI sector.

Meta Platforms' second quarter revenue exceeded expectations, with its advertising business continuing to rise, supporting its significant investments in the field of artificial intelligence. After the earnings report was released, the stock price rose by 10% at one point. It is expected that third quarter revenue will reach between $47.5 billion and $50.5 billion, and the capital expenditure forecast for the fiscal year 2025 has been raised.
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01:01

BANANAS31 (Banana For Scale) rose 30.48% in the last 24 hours

Gate News Bot news, on July 29, according to CoinMarketCap data, as of the time of writing, BANANAS31 (Banana For Scale) is currently priced at 0.0083 USD, with a rise of 30.48% in the last 24 hours, peaking at 0.011 USD and dropping to a low of 0.0062 USD, with a 24-hour volume of 293 million USD. The current market capitalization is approximately 83.4 million USD, an increase of 19.5 million USD compared to yesterday. Banana For Scale is a full-stack quasi-autonomous agent protocol, where quasi-autonomous agents driven by decentralized RLAIF, cross-agent economy, and meta-learning self-organize into dynamic collectives, aiming to redefine human-machine collaboration and evolve into an emerging task-specialized society. The protocol establishes a framework that enables anyone to deploy quasi-autonomous AI agents that are
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BANANAS31-3.32%
13:24

Wade Bush: Wall Street has underestimated the potential rise driven by artificial intelligence.

Jin10 data reported on July 16, analysts at Wedbush Securities stated in a research report that as favorable information in the semiconductor, software, and both enterprise and consumer sectors continues to strengthen, Wall Street has underestimated the potential rise driven by artificial intelligence. The analysts said, "We expect a very strong second quarter earnings season for tech stocks in the coming weeks, which will further confirm our bullish view — led by the large tech giants." They believe that leading companies such as NVIDIA, Microsoft, and Meta are ready for significant pumps after withstanding tariffs and geopolitical headwinds, having experienced relatively strong months.
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18:44

Meta's "Super Intelligence" laboratory plans to make significant adjustments to its AI strategy.

Jin10 reported on July 15 that Meta's newly established "Super Intelligence" lab recently discussed a series of significant adjustments to the company's artificial intelligence strategy, which could trigger major changes within the company. According to two informed sources, last week, a small group of senior members of the lab—including the newly appointed Chief Artificial Intelligence Officer, 28-year-old Alexandr Wang—discussed abandoning the company's currently most powerful Open Source artificial intelligence model "Behemoth" and instead focusing on developing closed models.
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04:12

Meta acquisition of voice startup PlayAI to enhance audio technology

Meta Platforms acquisition of voice artificial intelligence startup PlayAI to enhance its audio technology and AI initiatives. The PlayAI team will join Meta to support its AI roles and audio content development, aligning with the technology industry's trend towards conversational interfaces.
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01:32

OpenAI's $3 billion acquisition of AI programming startup Windsurf failed.

According to ChainCatcher news, Fortune reported that Google has reached a licensing protocol with the coding startup Windsurf, ending OpenAI's $3 billion acquisition proposal for the startup, as the exclusivity period for the deal has expired. This transaction failure is a setback for ChatGPT manufacturer OpenAI, occurring at a time when this generative AI startup is facing talent poaching from competitors like Meta. An OpenAI spokesperson confirmed to Fortune that the exclusive period for the $3 billion acquisition deal reached with Windsurf in May has expired, allowing Windsurf to freely pursue other options.
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01:01

BANANAS31 (Banana For Scale) rose 55.30% in the last 24 hours.

Gate News Bot news, July 11, according to CoinMarketCap data, as of the time of writing, BANANAS31 (Banana For Scale) is currently priced at 0.04 USD, with a rise of 55.30% in the last 24 hours, reaching a high of 0.04 USD and a low of 0.01 USD. The current market capitalization is approximately 382 million USD, an increase of 136 million USD compared to yesterday. Banana For Scale is a full-stack quasi-autonomous agent protocol that enables quasi-autonomous agents to self-organize into dynamic collectives through decentralized RLAIF, cross-agent economies, and meta-learning, redefining human-machine collaboration and evolving into emerging, task-specialized societies. The protocol establishes a framework that allows anyone to deploy quasi-autonomous AI agents that can utilize decentralized RLAIF and blockchain security.
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01:48

Senator Warren warns that the CLARITY Act may allow TSL and Meta to evade SEC regulation | Risks of arbitration in crypto industry regulation attract follow-up

U.S. Senator Elizabeth Warren has expressed serious concerns regarding the CLARITY Act ( currently under review in the House of Representatives. This bill could allow publicly traded companies like TSL and Meta to circumvent regulation by the SEC ) through asset tokenization. During a Senate Banking Committee hearing, Warren warned: "Under this bill, publicly traded companies like Meta or TSL would only need to put their stocks on the blockchain — and poof! — they could completely escape SEC oversight." She emphasized that this would undermine the integrity of financial markets and jeopardize investor protection mechanisms.
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07:20
TD Cowen: Raises the target stock price for Meta Platforms (META.O) from $700 to $800.
03:31

Meta tests proactive AI chat Bots features

Meta is testing a new type of AI chatbot on Instagram, WhatsApp, and Messenger that allows it to proactively send follow-up messages within 14 days. This feature targets users who have sent at least 5 messages, and the chat content can be kept private or shared. Meta expects that by 2025, generative AI products will generate between $2 billion and $3 billion in revenue.
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02:16

Meta Platforms proposed an acquisition of a minority stake in the venture capital firm NFDG.

Golden Finance reports that, according to The Wall Street Journal, Meta Platforms is proposing an acquisition of a minority stake in the venture capital firm NFDG's partial fund. The company was founded by its newly appointed AI head Nat Friedman and Daniel Gross. This acquisition offer will allow the fund's limited partners to partially exit at the current valuation, enabling a quick trap of cash. The two founders have gradually retreated from the forefront of NFDG.
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02:28

Avail launches the Blockchain cross-chain interoperability protocol Nexus Beta version

Gate News bot message, Avail officially launches the Beta version of its meta-interoperability protocol Nexus. As a foundational connectivity solution, Nexus is built on Avail's decentralized public blockchain network, aiming to address the fragmentation issue in blockchain by integrating liquidity, assets, and coordination logic. The protocol adopts �
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02:39

Mark Zuckerberg launches new Meta AI lab after recruiting talent from OpenAI

Gate News bot message, the competition for dominance in artificial intelligence is no longer just about code, but about talent. Meta CEO Mark Zuckerberg has just announced the establishment of a new artificial intelligence research team called Meta Superintelligence Labs, with members from OpenAI, Anthropic, and Google DeepMind. The team is led by former Scale AI CEO Alexandr Wang and former GitHub CEO Nat Friedman.
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BOT20.51%
00:53

Former Solana advisor Nikita Bier assumes the position of product head at X platform.

Gate News bot message, Lightspeed risk partner Nikita Bier officially joins social platform X as the Head of Product. Bier served as an advisor at Solana Labs in March 2024, promoting the development of its mobile application ecosystem. The social platform TBH and Gas he founded were successively acquired by Meta (formerly Facebook) and Discord. Bier's inaugural statement
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SOL0.58%
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13:19

Aptos Labs CEO appointed to CFTC digital asset market advisory committee

Gate News bot message, the Commodity Futures Trading Commission (CFTC) has officially appointed Avery Ching, co-founder and CEO of Aptos Labs, as a member of the "Global Market Advisory Committee" digital asset market group. As the former head of technology for the Meta encryption platform, Avery Ching led blockchain development efforts. This time, he joins the advisory team.
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16:31

Wall Street Journal: CoreWeave is in talks for the acquisition of Core Scientific.

On June 27, Jin10 reported that CoreWeave is in talks for the acquisition of Core Scientific. About a year ago, this AI company attempted to acquire this digital infrastructure company but failed. According to insiders, as long as the negotiations do not encounter obstacles, the deal could be finalized in the coming weeks. The specific terms of the negotiations are still unclear, but Core Scientific has recently seen a rapid rise and may receive a substantial premium. CoreWeave provides cloud infrastructure for AI capabilities and is a partner of several large tech companies. According to its IPO filings, Microsoft is its largest customer, accounting for 62% of CoreWeave's revenue in 2024. CoreWeave acts as a liaison, leasing the use of Nvidia graphics processing units to companies such as Meta and IBM.
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CORE0.68%
05:39

Three OpenAI researchers join Meta

Golden Finance reports that three OpenAI researchers have joined Meta, including Lucas Beyer, Alexander Kolesnikov, and Xiaohua Zhai. Previously, OpenAI CEO Sam Altman stated in an interview that Zuckerberg has been trying to poach top talent from OpenAI.
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02:30
According to The Wall Street Journal: Meta Platforms (META.O) has hired Lucas Beyer, Alexander Kolesnikov, and Zhai Xiaohua to join its superintelligence project.
08:16

Institution: After the ceasefire between Israel and Palestine, Apple, Nvidia, and TSL among the "Magnificent 7" will lead the rise of the US stock market.

Gate News bot, EU financial brokerage XTB analyst Kathleen Brooks said in a report that after the ceasefire was announced in the Israeli-Iranian conflict, stock investors preferred technology and artificial intelligence-related stocks over defense stocks. Apple, Amazon, Alphabet, Microsoft, Meta, Nvidia and Tesla, the seven leading tech stocks, or "Magnificent 7", will continue to rise. "With the market once again focusing on AI trading, these seven companies have the potential to lead the U.S. stock market higher," Brooks said. ”
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16:58

New York has cracked a Facebook Crypto Assets scam case targeting Russian-speaking residents.

According to ChainCatcher news reported by The Block, New York City officials announced the dismantling of a cryptocurrency scam targeting Russian-speaking residents. The scammers lured victims into a fake cryptocurrency investment website WhalesTrade.com through Facebook black hat ads and then induced them to make additional investments via WhatsApp and Telegram chats. Law enforcement agencies have seized $140,000 in encryption assets, frozen about $300,000 in funds, and closed over 700 associated Meta ad accounts. Currently, more than 300 victims have been confirmed, with the amount involved exceeding $1 million.
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08:02

OpenAI accuses Meta of spending 100 million to poach talent, with Zuckerberg personally getting involved in the hunt for AI professionals.

Golden Ten Data on June 18, according to the Financial Times, OpenAI CEO Sam Altman accused Zuckerberg's Meta, saying that in order to catch up in the artificial intelligence competition, it tried to poach developers from OpenAI with a signing bonus of $100 million and higher salaries. Altman said Meta, which has a market capitalization of $1.8 trillion, has started making "huge offers" to employees on his team after its current AI push lagged behind. He added: "I think it's reasonable for them to keep trying. Their current efforts in AI are not working as expected, and I respect their continued proactive attitude3. But none of his "best talents" accepted Zuckerberg's offer. According to a person familiar with the matter, CEO Mark Zuckerberg has been hand-picking talent and calling them as part of the plan to advance superintelligence.
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