In Brief Meta is forming a new team within its Reality Labs hardware division to build robots that can assist with physical tasks, Bloomberg reported. The team will be responsible for developing humanoid robotics hardware, potentially including hardware that can perform household chores.Meta’s new robotics group, which will be led by Marc Whitten, driverless car startup Cruise’s former CEO, will also create robotic software and AI, according to Bloomberg’s reporting. Whitten has also had stints at Amazon, M ...

Core Insights - Meta has officially announced Project Waterworth, a subsea cable project that will span 50,000 kilometers, making it the world's longest subsea cable project [2][3] - The project aims to enhance Meta's control over its services and is expected to connect five continents, with significant focus on opportunities in India and the rollout of AI services globally [3][8] Project Details - Project Waterworth will utilize 24 fiber pair cables and innovative routing techniques to maximize cable deployment in deep waters, reaching depths of up to 7,000 meters [4] - New burial techniques will be employed to minimize faults in high-risk areas, influenced by geographical and political factors [4][5] Geopolitical Context - The project aligns with a U.S.-India defense partnership, which includes commitments to co-develop undersea technologies, with India playing a role in financing the project [6][7] - The White House statement highlighted Meta's multi-billion dollar investment in the undersea cable project, emphasizing the importance of Indian Ocean connectivity [7] Applications and Impact - The subsea cable is expected to support digital communication, video experiences, and online transactions, facilitating the growth of AI data centers and cloud services in India [8][9] - Meta's investment in this project is part of a broader strategy to strengthen global digital infrastructure and drive AI innovation [9] Competitive Landscape - This project marks Meta's first wholly owned subsea cable, positioning it alongside other tech giants like Google, which has ownership in multiple routes, while companies like Amazon and Microsoft are involved as capacity buyers [10][11]

Meta is cracking down on internal dissent over CEO Mark Zuckerberg’s overtures to President Donald Trump — telling staffers that criticizing the billionaire or the company could harm their performance evaluations, according to a report.The Facebook and Instagram parent, which has sought Trump’s help in getting European authorities to ease its regulation of American companies, has been restricted dissent over Zuckerberg’s right-ward shift on its internal Workplace platform, sources told the financial news ne ...

After Meta Platforms Inc. META made history on Thursday, advancing 19th day in a row and hitting a fresh 52-week high of $729 apiece However, it seems that the stock may not make it to day 20, as it’s falling in premarket on Friday.What Happened: The company’s overbought technical indicators, combined with the negative publicity surrounding its recent 5% workforce reduction, may be contributing to its current downturn.Shares of Mark Zuckerberg-led company, Meta, haven’t fallen since Jan. 16, however, they w ...

Shares of DraftKings are indicated higher in premarket following a bullish outlook issued by the ... [+] company. (Photo illustration by Scott Olson/Getty Images)Getty ImagesKey Takeaways Stocks Posted Strong Gains Despite Inflation Concerns And Tariff Uncertainty Meta Platforms’ Seventeen-Day Rally Highlights Unlikely Market Streaks Gold’s Record Highs Signal Possible Inflation And Market CautionStocks posted their best day of the week on Thursday. The S&P 500, Russell 2000 and Dow Jones Industrial Average ...

MENLO PARK, Calif., Feb. 13, 2025 /PRNewswire/ -- The Meta Platforms, Inc. (Nasdaq: META) board of directors today declared the company's first quarter cash dividend, which represents a 5% increase compared to the prior dividend. The increase results in a dividend of $0.525 per share of the company's outstanding Class A common stock and Class B common stock, which is payable on March 26, 2025 to stockholders of record as of the close of business on March 14, 2025.About MetaMeta is building the future of hum ...

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: More than 40 platforms -- including Google, Meta and Microsoft -- agreed to a strengthened code of conduct to tackle disinformation. Digital titans including Facebook and TikTok formally pledged to ramp up the fight against disinformation in the EU, Brussels said on Thursday, just days after the new US administration condemned t ...

Investment Rating - The report upgrades the target price for Meta to $892 and maintains a "Buy" rating [3][5]. Core Insights - Meta's overall performance exceeded expectations, with strong advertising revenue growth. The company reported Q4 2024 revenue of $48.39 billion, a 21% year-over-year increase, and a net profit of $20.84 billion, up 49% year-over-year, significantly surpassing market expectations [3]. - Advertising revenue grew by 21% year-over-year, while Reality Labs revenue remained flat. The guidance for Q1 2025 indicates a 12% year-over-year revenue growth, with capital expenditures expected to rise to $60-65 billion in 2025 [3]. - The report adjusts the 2025 revenue forecast to $187.5 billion and net profit to $62.63 billion, reflecting strong growth in advertising and the potential for AI to enhance advertising efficiency [3][4]. Financial Projections - The updated financial projections for 2025 include: - Revenue: $187.5 billion (previously $187.6 billion, change: 0.0%) - Gross Profit: $150.94 billion (previously $151.68 billion, change: -0.5%) - Operating Profit: $72.83 billion (previously $76.85 billion, change: -5.2%) - Net Profit: $62.63 billion (previously $66.09 billion, change: -5.2%) [4].

Meta Platforms, Inc. (NASDAQ: META ) (TSX: META:CA ) has long been recognized for its dominance in social networking and digital advertising. Over the past few years, it has also risen to become a leader in artificial intelligence. There is also good reason to"AWS Certified AI Practitioner Early Adopter"I am a DevOps Engineer for a major, wholly owned subsidiary of a large-cap Fortune 500. I am a true subject-matter expert on the actual buildout, deployment, and maintenance of AI tools and applications. I h ...

Group 1 - Meta is reportedly in talks to acquire FuriosaAI, a South Korean chip startup, to enhance its AI hardware infrastructure [1] - FuriosaAI has raised 90 billion Korean won (approximately $61.94 million) from investors, including Naver [2] - The acquisition aims to reduce Meta's reliance on Nvidia and complements its in-house efforts to develop efficient AI accelerator chips [3] Group 2 - FuriosaAI develops chips that accelerate the running and serving of AI models, including Meta's Llama 2 and Llama 3 [1] - Meta plans to spend up to $65 billion this year to support its AI initiatives [3] - FuriosaAI is engaged with potential customers in the U.S., Japan, and India [2]