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The Latest Breaking News from Meta

AI Whiz Kid Turned Down $125 Million From Meta — Here's Why Zuckerberg Wanted Him

Matt Deitke, a 24-year-old AI researcher, rejected Meta's initial $125 million offer, leading Mark Zuckerberg to intervene.

International Business Times UK

Elon Musk Slams Mark Zuckerberg's Hiring Spree, Says xAI Has More 'Growth Potential' Than Meta Without 'Insane' Salaries

Elon Musk, in a recent post, lauded the growth potential of his start-up, xAI and its merit-based compensation system, amid Meta Platform’s (NASDAQ:META) aggressive AI hiring spree.

Benzinga

Meta Plans Data Center Asset Sale Worth Nearly $2 Billion To Fund Next Phase Of AI Development

Meta Platforms Inc. (NASDAQ:META) has decided to share the burden of its skyrocketing AI infrastructure costs by selling $2 billion in data center assets, as the company braces for capital expenditures that could exceed $100 billion in the coming years.

Benzinga

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AI Surprises Bill Gates, Meta And Microsoft Unleash AI Tsunami And More: This Week In AI

The past week has been a whirlwind of tech news, with artificial intelligence (AI) taking center stage. From Bill Gates‘ surprising remarks about AI’s rapid progress to the massive investments in AI by tech giants Microsoft Corp. (NASDAQ:MSFT), Meta Platforms Inc. (NASDAQ:META), and Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), it’s clear that AI is shaping the…

Benzinga

Meta Just Paid $250M To Lure This 24-year-old AI Whiz Kid: A Strategic Move Or A Power Play?

Meta Platforms Inc. (NASDAQ:META) has reportedly invested a staggering $250 million to secure the talents of 24-year-old AI prodigy, Matt Deitke.

Benzinga

Online shoppers warned of ‘dangerous’ weight-loss scam as ‘ghost stores’ impersonate real people to sell Ozempic-like treatments

Dietitian Lyndi Cohen says her likeness is being ‘abused and misrepresented’ as websites posing as Australian businesses claim to offer GLP-1 substances

The Guardian - AU

Palestine Action ban coupled with Online Safety Act ‘a threat to public debate’

Rights bodies say new law and proscription of direct action group create risk of censorship of Gaza-related content

The Guardian - UK

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Big tech has spent $155bn on AI this year. It’s about to spend hundreds of billions more

Tech giants have spent more on AI than the US government has on education, jobs and social services in 2025 so far

The Guardian - US

MarketBeat Week in Review – 07/28 - 08/01

Stocks sold off to end the week as negative overshadowed solid earnings reports from the mega-cap tech companies, which show the AI trade is alive and well

MarketBeat

Sheryl Sandberg, Bill Gates and the world’s top CEOs swear by the same daily habit—this career coach says Gen Z can easily steal it for success

Bill Gates blocks off a week to read in a cabin. Sheryl Sandberg calls it being “CEO of you.” The 1% invest in themselves—here’s how you can too.

Fortune

News Weekly: Samsung's trifold lands this year, Ray-Ban Meta glasses sales soar, massive Pixel 10 leak, and more

Samsung confirms that its XR headset and trifold will launch this year, Meta's Q2 earnings soar, Qualcomm says Xiaomi will be the first to get its next Elite chipset, and more.

Android Central

EU begins rollout of new AI rules with tech giants split on compliance

As major tech firms respond to the EU’s new AI code, Europe is taking its first big step towards regulating powerful artificial intelligence systems.

Radio France Internationale

OpenAI Just Raised $8.3 Billion At This Valuation As ChatGPT Growth Soars

ChatGPT parent OpenAI has raised $8.3 billion in new capital at a $300 billion valuation as part of its ongoing $40 billion fundraising effort, according to a person familiar with the deal.

Benzinga

7 Products and Brands That Were Rebranded After Complaints

When a product launch is met with widespread complaints or a brand name becomes toxic, companies often turn to rebranding as a way to salvage their investment. This strategy involves changing the name, packaging, or marketing to create distance from a negative reputation. While some rebrands are purely cosmetic, others…

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Barchart

Amazon Falls on Fears That AWS Is Losing Market Share: Should You Buy the AMZN Stock Dip Here?

Amazon stock is trading lower today as AWS's Q2 performance and the company's Q3 operating income guidance spooked investors. Should you buy the dip here?

Fortune

OpenAI’s latest funding round was so popular early investors were reportedly miffed about being pushed aside to make room for new partners

OpenAI just scored another $8.3 billion thanks to new investors, including a $2.8 billion check from Marc Stad’s Dragoneer Investment Group.

Tom’s Hardware

Apple's Tim Cook 'very open to M&A that accelerates our road map' for AI' — company increasing spending on AI initiatives, reorganizing teams to address expansion

Lagging behind leading tech firms in artificial intelligence, Apple is ramping up internal efforts and actively pursuing acquisitions to accelerate its AI development, but at the same time keeping CapEx modest compared to peers like Google, Meta, and Microsoft.

Benzinga

Nvidia, Broadcom, Marvell Lead Chip Stock Slide After Trump Hits China, Taiwan With New Tariffs

Artificial intelligence chip stocks including NVIDIA Corp. (NASDAQ:NVDA), Advanced Micro Devices Inc (NASDAQ:AMD), Broadcom Inc (NASDAQ:AVGO), Arm Holdings PLC-ADR (NASDAQ:ARM), Marvell Technology Inc (NASDAQ:MRVL), Micron Technology Inc (NASDAQ:MU), Lam Research Corp (NASDAQ:LRCX), Taiwan Semiconductor Manufacturing Co (NYSE:TSM), Super Micro Computer Inc (NASDAQ:SMCI) are trading lower on Friday as the Trump…

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Tom’s Guide

Apple says it's ready to spend big on AI to catch up to ChatGPT and Google — and this could be its first target

Apple CEO tells investors the company is planning to "significantly grow our investments" in AI.

Euronews

Some 26 tech companies sign up to EU Commission's AI Code

Companies joining Code still need to comply with AI Act obligations that kick in from 2 August.

Fortune

Apple's blowout earnings marred by tariff fears, a slow AI rollout, and the stock barely moves

On tariffs, "We estimate the impact to add about $1.1 billion to our costs," CEO Tim Cook said.

Euronews

Amazon and Apple post strong earnings but tariffs dampen investor appetite

Tariffs and the AI race have made tech investors more cautious, with Amazon and Apple’s second quarter results showing that the market is no longer betting on Big Tech as a whole — only on those with a clear edge.

Tom’s Guide

Meta just revealed a new XR display prototype — and it may be the biggest leap in smart glasses yet

Meta and Stanford University just revealed a new breakthrough XR display prototype that can produce real 3D holograms in a lens thin enough for glasses.

Benzinga

Reddit's Closing In On Meta: EBITDA Margins Hit 33% In Early Monetization Push: Revenue Per User 'Is Still Low,' 'Remains An Opportunity'

Social media platform Reddit Inc. (NYSE: RDDT) had a strong second-quarter performance, with its profitability metrics now within striking distance of mature social networking companies such as Meta Platforms Inc. (NASDAQ:META).

Euronews

Gloomy times ahead for European political advertising

An EU regulation on political advertising online has unintended consequences, not just for politicians, but also for think tanks and NGOs.

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