Shares of Meta Platforms (META) jumped more than 10% in early trading on Wednesday after a report said the company is preparing to enter the AI cloud infrastructure market, aiming to challenge the likes of Amazon (AMZN) and Microsoft (MSFT) by selling AI computing power and access to models.META sh…
By Katherine HamiltonMeta Platforms shares rose on a report from Bloomberg that the technology company is building a cloud infrastructure business.The stock gained 9% to $613.65 on Wednesday morning. Shares are still down 7% this year.Bloomberg reported that Meta is developing plans for a business…
Microsoft NASDAQ:MSFT is planning to cut thousands of roles covering less than 2.5% of its workforce, with an announcement expected as early as next week. Microsoft had over 220,000 full-time employees, putting the potential cuts at roughly 5,500 roles. The reductions are expected to affect sales…
FN Media Group Presents Oilprice.com Market CommentaryNEW YORK, July 1, 2026 /PRNewswire/ -- Forget the chips. Forget the code. The most expensive, in-demand commodity in the entire $3-trillion AI revolution is not a patented algorithm or a new Nvidia GPU. It's power. Specifically, a secure, high-v…
Citigroup strategists have reported a sharp slowdown in retail investor activity across the Magnificent Seven, with trading participation falling to a four-year low after months of muted demand. Retail traders accounted for just 6% of total trading over the five days through Friday in Alphabet NASD…
Google NASDAQ:GOOGL has placed limits on Meta Platforms NASDAQ:META's access to its Gemini artificial intelligence models as demand for computing capacity continues to exceed available supply.Wedbush said the development points to persistent pressure on AI infrastructure despite heavy industry spen…
Wedbush’s Global Head of Tech Research, Dan Ives, said Tuesday that the upcoming earnings will be a “huge validation moment” for big tech, adding that he expects the Magnificent Seven (MAG 7) stocks to significantly outperform in the second half of the year.Ives said AI investments by companies lik…
Meta Platforms NASDAQ:META is pushing WhatsApp deeper into privacy-focused messaging as the app prepares to let its 3 billion global users reserve unique usernames. Starting Monday, users can claim a username, with the feature planned to go live later this year. The change could make it easier for…
Google restricted Meta Platforms Class A (META) access to Gemini AI due to high demand and limited compute, pushing Meta to rely more on its Muse Spark model and cut external usage
Alphabet NASDAQ:GOOG has reportedly limited Meta's access to Gemini AI models, a sign that the AI infrastructure crunch is now hitting even the biggest technology companies.The Financial Times reported that Google has placed usage restrictions on several customers because of capacity constraints, w…
Google (GOOG, Financials) has reportedly limited Meta's access to its Gemini artificial intelligence models as demand for computing power continues to outpace available capacity, according to the Financial Times.The reported restrictions reflect a growing challenge across the AI industry. As compan…
Meta plans to use Qualcomm Dragonfly C1000 CPUs in its next-gen servers, targeting production in H2 2028 and aiming for better performance per watt across future CPU generations.Au
Meta CEO Mark Zuckerberg has urged his team to explore potential partnerships with prediction markets Polymarket and Kalshi.According to Odaily, Meta is also developing a prediction market-style application called Arena.Executives said Arena is currently in internal testing and may not be released…
