Meta Faces the Biggest Hit From Rising Data Center Energy Costs
Meta faces growing pressure as tech giants are asked to cover their own data center energy costs, making AI investments more expensive and risky for investors.
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Meta Becomes America's Biggest Corporate Nuclear Power Buyer with 6.6 GW Deal
Meta announces major nuclear energy partnerships with Vistra, TerraPower, and Oklo to power AI data centers with up to 6.6 gigawatts by 2035.
Meta Acquires AI Startup Manus for Over $2 Billion in Major Cross-Pacific Deal
Meta buys Singapore-based AI startup Manus for $2B+ in rare acquisition of Asian AI company. Deal brings profitable AI agents to Facebook, Instagram, and WhatsApp despite Chinese founder concerns.
Marvell Stock Drops as Microsoft–Broadcom Talks and Amazon Chip Loss Raise Concerns
Marvell Technology shares fell after reports of Microsoft exploring Broadcom for custom chips and a downgrade citing likely loss of Amazon’s future Trainium designs.
Meta Slashes Metaverse Budget as Zuckerberg Shifts Focus to AI
Meta plans up to 30% budget cuts for metaverse projects including Horizon Worlds and Quest VR, with potential January layoffs as focus shifts to AI development.
Amazon Launches Trainium3 AI Chip to Challenge Nvidia's Dominance
Amazon Web Services unveils Trainium3, a cost-effective AI chip that's 4x faster than its predecessor, offering businesses an alternative to Nvidia's market-leading processors.