The most recent trading session ended with Meta Platforms (META) standing at $668.20, reflecting a +1.51% shift from the previouse trading day's closing. The stock fell short of the S&P 500, which registered a gain of 1.59% for the day. At the same time, the Dow added 1.39%, and the tech-heavy Nasdaq gained 1.63%.Shares of the social media company have depreciated by 4.19% over the course of the past month, underperforming the Computer and Technology sector's loss of 3.43% and the S&P 500's loss of 2.42%.Ma ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: The round of firings came following a recent series of reports based on Zuckerberg's meetings with employees. Meta on Thursday said it had laid off 20 workers for leaking information to the media, as the social media giant faces pressure over the recent political shift of its boss Mark Zuckerberg towards US President Donald Trum ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Meta CEO Mark Zuckerberg expects the social media giant to have the most widely used artificial intelligence chatbot by the end of this year. Meta plans to add an artificial intelligence app to its stable of stand-alone offerings including Instagram, Facebook and WhatsApp, according to a report Thursday by CNBC. Meta is battli ...

Group 1 - Meta is in early talks to raise $35 billion for the development of data centers in the U.S. [1] - The company plans to invest $60 billion to $65 billion in capital expenditures and significantly grow its AI teams this year [1][2] - Meta aims to bring online 1 gigawatt of compute and have over 1.3 million GPUs by the end of 2025 [2] Group 2 - Meta, Google, Microsoft, and Amazon plan to collectively spend at least $315 billion on capital expenditures in 2025, primarily for AI [3] - Google has allocated $75 billion for data centers, servers, and networking infrastructure, while Amazon forecasts $100 billion in capital expenditures [3] - Microsoft is booking $80 billion to build data centers and deploy AI and cloud-based applications [3] Group 3 - Microsoft announced its data center plans amid a "golden opportunity for American AI" [4] - President Trump announced a project called Stargate, aiming to build AI-focused data centers in the U.S. with a budget of up to $500 billion [4] - Equity partners in Stargate include Softbank, OpenAI, Oracle, and MGX, with Softbank responsible for funding [5]

Core Insights - Meta Platforms plans to launch a standalone Meta AI app in the second quarter, aiming to compete with rivals like OpenAI and Google's Alphabet [1][4] - CEO Mark Zuckerberg stated that Meta AI could reach 1 billion users this year, with the assistant already having 700 million monthly active users [2] - The company is projected to spend $60 billion to $65 billion on AI in 2024, a significant increase from $39 billion [2] - Meta is exploring a subscription-based model for the app, similar to offerings from competitors [3][4] - Meta's shares gained less than 1% in extended trading after a 2% decline in the regular session, with a total increase of about 12% since the beginning of the year [3]

Group 1 - Meta plans to release a standalone app for its AI assistant, Meta AI, to compete with AI chatbots like OpenAI's ChatGPT and Google's Gemini [1] - The standalone Meta AI app could launch as soon as the next fiscal quarter (April-June) [1] - Meta AI currently has over 700 million active monthly users and is part of the company's strategy to dominate the AI space [2] Group 2 - Meta is testing a paid subscription service for Meta AI that will add unspecified capabilities [2] - The company has released "open" models like Llama to foster an ecosystem that rivals OpenAI's [2] - Meta plans to host its first AI-focused developer conference, LlamaCon, in late April [3]

Core Points - Meta has terminated "roughly 20" employees for leaking confidential information, with the possibility of more firings in the future [1][2][6] - The company has faced internal dissent following the cancellation of DEI initiatives and fact-checking efforts, which some critics believe were aimed at aligning with political interests [3][7] - Zuckerberg expressed frustration over leaks during internal meetings, indicating that such incidents undermine morale and productivity [4][5] Employee Management - The recent firings follow a previous layoff of approximately 4,000 employees classified as "low performers," representing about 5% of Meta's workforce [6] - The company is expected to hire new employees to replace those who were terminated for leaking information [6] Company Culture and Security - Meta has reiterated its policy against leaking internal information, emphasizing the negative impact of such actions on team morale and operational efficiency [5] - The chief technology officer mentioned that the company is making progress in identifying and addressing leaks [5]

Core Insights - Meta Platforms Inc. is set to launch a standalone Meta AI app in the second quarter of 2024, aiming to establish itself as a leader in artificial intelligence [2][5] - The Meta AI chatbot, introduced in September 2023, has been integrated into existing apps and is positioned as a generative AI-powered digital assistant [3][4] - CEO Mark Zuckerberg anticipates that Meta AI will reach over 1 billion users, highlighting its potential as a leading AI assistant [4] Product Development - The standalone Meta AI app will enhance user interaction and personalization compared to its current integration within existing apps [5][6] - The app aims to unify the digital assistant experience across various platforms, including smartphones and smart glasses [6] Monetization Strategy - Meta is exploring a paid subscription model for Meta AI, similar to offerings from OpenAI and Microsoft [7] - The company sees clear monetization opportunities, including premium features and paid recommendations [7]

Core Points - Meta has terminated approximately 20 employees for leaking confidential information, indicating a serious stance on internal information security [1][2] - The company has reiterated its policy against leaking internal information, emphasizing that employees are reminded of this policy upon joining and periodically thereafter [2] - The firings are a response to a rise in leaked details regarding internal meetings and undisclosed product plans, including sensitive information from a recent all-hands meeting led by CEO Mark Zuckerberg [2] - Meta's CTO Andrew Bosworth mentioned that the company is close to identifying the individuals responsible for the leaks [3]

Group 1 - Meta has resolved an error that led some users to encounter inappropriate graphic and violent videos in their Instagram Reels feed despite having the "Sensitive Content Control" enabled [1] - The company issued an apology for the mistake, acknowledging that the content shown violated their policy against graphic violence and disturbing imagery [1] - Meta's content policy explicitly prohibits videos depicting dismemberment, visible innards, charred bodies, and sadistic remarks towards suffering humans and animals [1] Group 2 - The error occurred following Meta's announcement to relax its content moderation policies, which is perceived as a strategic move to align with the potential return of Trump to the presidency [2]