Meta has acquired Moltbook, the viral, Reddit-style forum for AI agents. Moltbook’s creators, Matt Schlicht and Ben Parr, will join Meta’s Superintelligence Labs. It comes after Peter Steinberger, the creator of Openclaw, joined OpenAI after also being courted by Mark Zuckerberg. Mark Zuckerberg couldn’t score OpenClaw’s creator, but he has scooped up the guys behind … Read more
A planned $600 billion artificial intelligence spending splurge by big tech firms in 2026 is adding to investor unease as they assess the implications for profitability as well as a potential existential threat to software firms. Shares of Amazon, which had announced a $200 billion capital expenditure outlay, slid 7% on Friday while Alphabet lost … Read more
As the earnings season in the US progresses, tech’s internet giants have made it clear to the Wall Street the Artificial Intelligence (AI) investments will be the next big things. Microsoft, Meta, Alphabet and Amazon will now collectively spend $380 billion this year, the tech giants said as they got through the earnings. The companies … Read more
The European Union has cleared the proposed joint venture between Reliance Industries Limited (RIL) and Meta Platforms to build enterprise-focused artificial intelligence solutions, ET Now reported Friday. The joint venture, announced last month at RIL’s Annual General Meet (AGM), will invest about ₹855 crore (US$100 million), with Reliance holding a 70% stake and Meta 30%. … Read more
The parent company of Facebook and Instagram, Meta Platforms Inc posted blockbuster fourth-quarter results but cautioned that its capital expenditures will increase in 2025, as per reports. The capital expenditure is expected to rise due to its investment in generative AI technology. Financial results Meta’s net income rose 21% in the fourth quarter to $20.8 … Read more
The metaverse has a loneliness problem. Mark Zuckerberg says Apple’s new headset will make everyone lonelier. But even Meta’s headset is, in the end, someone sitting alone on a couch too. Mark Zuckerberg’s verdict on Apple’s new mixed-reality headset is in: It’s lonesome. “Every demo that they showed was a person sitting on a couch … Read more
Meta Platforms on Sunday announced that it is testing a monthly subscription service, called Meta Verified, which will let users verify their accounts using a government ID and get a blue badge, as it looks to help content creators grow and build communities. The subscription bundle for Instagram and Facebook, to be launched later this … Read more
Meta, Amazon, Microsoft and Alphabet’s severance packages will cost up to $4.7 billion. The tech giants have collectively laid off tens of thousands of workers over the past few months. Google parent company Alphabet will have the highest severance cost, at a maximum of $2.3 billion. Big tech firms are accruing billions in costs from … Read more