The AI startup Menes was once a high-profile success story. Now, it's turning into a cautionary tale. Chinese authorities on Monday ordered Meta to unwind its $2 billion acquisition company.Menes' founders got their start in China, but relocated their headquarters to Singapore last year. The startup's hit agentic AI services can operate autonomously when given directions. That's an especially promising new avenue for AI [music] tech.Although the deal was announced months ago, Beijing said simply it wasn't a ...

Meta is cutting thousands of jobs as it ramps up spending on AI. The tech giant plans to cut about 10% of its workforce, roughly 8,000 roles. At the same time, it's also scrapping plans to hire thousands more.It's all to offset the cost of their massive push into artificial intelligence. Meta says it could spend up to $130 billion this year on infrastructure including data centers and AI compute. And chief executive Mark Zuckerberg is betting heavily on what he calls personal superintelligence.In other word ...

RT mert (@mert)meta just added stablecoin payments via solana!altitude has just launched a full platform for stablecoins and banking on solanaramp also recently added solana supportand we have a privacy solution cookingquietly becoming the best place for payments & stables https://t.co/YCaTKaEH2F ...

A frenzied day of earnings reports offered a glimpse at how some of the world’s biggest tech companies are doing in AI. The upshot: Google is seeing a clear payoff from its AI spending, while Meta is lagging behind. https://t.co/JPUTVlQZx6 ...

Thomas Reardon, who led the work on Meta’s Neural Band, is raising funds for a new startup called Flourish to develop energy-efficient artificial intelligence, sources say https://t.co/3Smw5bEOnd ...

Amazon, Meta join fight to end Google Pay, PhonePe dominance in India https://t.co/Y93KSCXRtx ...

Amazon, Meta, Microsoft and Google's quarterly earnings all tell the same story.AI demand is exploding, and it’s driving a massive spending race. @EdLudlow reports https://t.co/mMbERStY0M https://t.co/90AzgFScoR ...

Meta is still burning money on AR/VR https://t.co/s0JTi5WzOx ...

I think it's a combination of what you just mentioned, which is that CapEx number going up by about 10 billion at least. The range has shifted up about 10 billion, which was already a very high record breaking range for matter to begin with. So we're talking even more after the first three months of the year.I think you combine that with what I saw in the Q2 revenue guidance, which was just so so it was in line and I think usually matter tends to deliver these, you know, results that kind of blow everybody ...

Facebook and Instagram parent company Meta is now offering stablecoin payouts to content creators in certain countries. https://t.co/Tvddzhiv3L ...