Meta Platforms (META, Financials), the social media and digital advertising company, has asked BlackRock to help fund a $14 billion data center campus in El Paso, Texas.BlackRock will have an 80% ownership in the partnership, while Meta will hold a 20% stake. The arrangement enables Meta to grow ar…
Meta NASDAQ:META is scheduled to release second-quarter 2026 financial results after markets close Wednesday, with investors expected to focus on artificial intelligence investments and any update on a potential cloud infrastructure strategy.Meta is projected to post earnings of $7.2 a share on rev…
Meta Platforms Inc. (META) is bringing BlackRock Inc. (BLK) into its AI infrastructure buildout through a new $14 billion venture to develop and own a 1-gigawatt data center campus in El Paso, Texas.The venture will fund the construction and operation of the campus, which Meta says will provide the…
Social network operator Meta Platforms NASDAQ:METAwill be reporting earnings this Wednesday after market close. Here’s what to expect.Meta beat analysts’ revenue expectations last quarter, reporting revenues of $56.31 billion, up 33.1% year on year. It was a mixed quarter for the company, with reve…
US stock futures climbed early Monday as investors headed into one of the heaviest weeks of the quarter, with Dow Jones and S&P 500 futures each up 0.80% and Nasdaq-100 futures gaining 1.40%. Sentiment appeared to draw support from geopolitics, as the US and Iran paused fighting in a development th…
Apple NASDAQ:AAPL is making privacy a central part of its smart-glasses strategy as it tries to overcome concerns about camera-equipped AI wearables.The company has reportedly delayed the product partly to refine both the hardware and its privacy policies. Apple is now targeting a reveal at its Wor…
Meta Platforms NASDAQ:META secured a legal victory after a U.S. judge dismissed a proposed lawsuit alleging that WhatsApp's end-to-end encryption failed to protect users' private messages.The complaint, brought by users from Australia, Brazil, India, Mexico and South Africa, alleged that Meta impro…
Nvidia NASDAQ:NVDA CEO Jensen Huang joined X and used his first post to push for a stronger U.S. commitment to open AI models.Huang said open models can improve safety, cybersecurity and innovation while giving countries and companies more control over the technology they use. He also argued that t…
Meta Platforms NASDAQ:META won an early victory after a federal judge dismissed a privacy lawsuit accusing WhatsApp of misleading users about the security of their messages.The proposed class action, brought by non-U.S. plaintiffs, claimed Meta stores WhatsApp message data and allows employees to i…
Meta Platforms NASDAQ:META fell 0.21% premarket as bond investors pushed for higher yields on a $12 billion financing backing its data center in El Paso, Texas. Early discussions point to yields above 7%, with some investors seeking roughly 0.4 percentage points more than on Meta's Hyperion project…
OpenAI, the startup behind ChatGPT, plans to spend at least $20 billion on a massive new artificial intelligence data center near Savannah, Georgia, as demand for AI software continues to increase. The company has secured 3.2 gigawatts of electricity from Georgia Power Co., a utility serving the st…
Meta Platforms Inc. (META) appointed veteran cybersecurity executive Assaf Keren as its next chief information security officer (CISO), filling a key leadership role after the company's previous CISO announced plans to step down in June. The leadership change comes as Meta continues to expand its a…
BlackRock NYSE:BLK, a global investment management firm expanding further into private markets, is preparing a debt sale of more than $12 billion to help finance a Meta Platforms NASDAQ:META data center project. The transaction combines investors from Global Infrastructure Partners, an infrastructu…
Snap Inc. NYSE:SNAP, the social media company behind Snapchat, has reached a tentative agreement to settle the second case scheduled for trial over allegations that major social media platforms are addictive to minors. The proposed settlement, whose terms were not disclosed Monday, would leave Meta…
Wells Fargo analyst Ken Gawrelski raised the firm’s price targets on Alphabet Inc. (GOOG, GOOGL), Amazon.com Inc. (AMZN) and Meta Platforms Inc. (META) on Tuesday, arguing that the cost of building AI infrastructure is climbing but is unlikely to derail the industry's spending spree.According to Th…
BlackRock Inc.’s more than $12 billion debt sale tied to a Meta Platforms Inc. data center reflects years of building the firm into a bigger player in private markets, according to Bloomberg.The transaction is part of a $25 billion acquisition spree that has expanded Chief Executive Officer Larry F…
CuspAI, a two-year-old British startup using artificial intelligence to discover new materials, has raised $450 million as demand for more efficient semiconductor manufacturing continues to intensify. The Series B financing, led by venture firms Kleiner Perkins and NEA with significant participatio…
Advanced Micro Devices NASDAQ:AMD rose 4.55% intraday after announcing an expanded partnership with Microsoft NASDAQ:MSFT that will put its Helios rackscale systems to work powering frontier model inference on Azure. Helios is AMD's first rack-scale AI system and its most direct challenge yet to Nv…
Meta Platforms (NASDAQ:META) is accelerating an expensive AI buildout—expanding its Richland Parish data center to 5 GW, funding massive energy infrastructure and hiring cloud leadership—while monetizing Muse Spark 1.1, navigating legal scrutiny and volatile stock moves ahead of its July earnings u…
According to Lianhe Zaobao citing CNN, Meta is in talks with AI startup Anthropic to lease part of its data center computing power for training and running AI models, with the potential deal reportedly worth as much as USD 10 billion, or about SGD 12.9 billion. The sources said the talks are still…
