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The Latest Breaking News from Meta

Oculus Founder Palmer Luckey's 'Lord Of The Rings'-Inspired Digital Bank Hits $2 Billion Valuation With Backing From Founders Fund

Palmer Luckey is making another big bet: this time, not in virtual reality or military defense, but digital finance. The Anduril CEO and Oculus founder has launched Erebor, a digital bank that already holds a valuation of $2 billion as it raises at least $225 million in funding, Business Insider…

Benzinga

2025: A Pivotal Year for Smart Glasses As Meta Invests in Ray-Ban

Meta bought a nearly 3% stake in the owner of Ray-Ban. With Google eyeing a smart glasses entrance, cementing its lead in the space is key for Meta in 2025.

MarketBeat

Meta Raids Apple's AI Lab With Big Paychecks—Zuckerberg Bets To Win The AI Race

Meta Platforms (NASDAQ:META) has intensified its AI talent war by hiring two key former Apple (NASDAQ:AAPL) engineers, Mark Lee and Tom Gunter, for its Superintelligence Labs team.

Benzinga

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Dear Meta Platforms Stock Fans, Mark Your Calendars for July 30

Meta’s July 30 earnings call could be a pivotal moment, as analysts expect continued strong growth from AI and advertising, while Wall Street now rates the stock a “Strong Buy.”

Barchart

OpenAI Classifies ChatGPT Agent as High Bio-Risk, Strengthens Safety Measures to Prevent Abuse

ChatGPT Agent, OpenAI's latest technology, sparks concerns among safety experts as they believe it could be used to create bioweapons.

International Business Times UK

Russian Lawmaker Says WhatsApp Should 'Prepare To Leave' Amid Push For State-Backed Messaging App

WhatsApp, owned by Meta Platforms Inc. (NASDAQ:META) has been advised to brace for its exit from the Russian market. This warning was issued by a Russian lawmaker on Friday.

Benzinga

AI bubble is worse than the dot-com crash that erased trillions, economist warns — overvaluations could lead to catastrophic consequences

A top economist has warned that the AI bubble could be more over-inflated than the dot-com bubble, suggesting that all of the AI companies are even more overvalued than their techy counterparts from 25 years ago.

Tom’s Hardware

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9 Tech CEOs Who Were Fined But Still Run Their Companies

In the world of technology, innovation and disruption often go hand-in-hand with regulatory battles. Some of the most powerful CEOs in tech have found themselves at odds with governments, financial watchdogs, or even their own users—facing hefty fines for everything from data misuse to market manipulation. But what’s striking is…

Everybody Loves Your Money

Meta rebuffs EU's AI Code of Practice

The company has previously been critical on the Commission’s work on GPAI, claiming it stifles innovation.

Euronews

The Windsurf and Scale deals underscore a fragile reality for startup employees

Multi-billion dollar acquihires are taking CEOs and founders away from the companies they’ve started—and leaving behind employees with uncertain futures.

Fortune

Meta apologises for wrong translation that declared Indian chief minister dead

The chief minister’s office has demanded Meta suspend translations from Kannada until accuracy is improved

The Independent UK

Is Europe losing the AI race? Magnificent Seven widen gap over Europe's giants

The US ‘Magnificent Seven’ have pulled far ahead of Europe’s corporate giants, driven by massive AI growth. While US tech surges, Europe’s top firms—mostly in traditional sectors—struggle to keep pace in the new innovation-driven economy.

Euronews

How to get a £150 million job — inside Silicon Valley’s backstabbing AI talent war

Billions of pounds and shameless bonuses — the cut throat battle for artificial intelligence pros has gone berserk

Evening Standard

Mark Zuckerberg, Peter Thiel And Meta Board Dodge Courtroom Showdown As Shareholders Abruptly Settle $8 Billion Privacy Lawsuit

Meta Platforms, Inc. (NASDAQ:META) shareholders ended a landmark $8 billion lawsuit against Mark Zuckerberg and several current and former executives on Thursday, reaching a surprise settlement just as the high-profile privacy trial was set to enter its second day.

Benzinga

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Benzinga

Meta, Amazon, Palantir Fuel AI Data Center Boom — ETFs Are The Sleeper Bet

AI isn’t just consuming the world; it’s poised to devour the power grid. Big tech companies such as Meta Platforms (NASDAQ:META), Amazon (NASDAQ:AMZN) and Palantir (NASDAQ:PLTR) are going all-in on artificial intelligence, fueling a historic development of data center infrastructure. For ETF investors, that implies it’s time to move beyond…

TechRadar

Pico's next XR headset could be lighter and smaller than ever, but I hope it just skips to AR glasses instead

TikTok’s parent company, ByteDance, is reportedly developing a brand new XR device, but not the one I want.

Benzinga

Wall Street's Big 7 Are Now Bigger Than China's Entire Economy

The combined market capitalization of America's seven largest corporations has now overtaken the entire economic output of China, the world's second-largest economy.

The Independent UK

Settlement reached in investors’ lawsuit against Meta CEO Mark Zuckerberg and other company leaders

A settlement has been reached in a class action investors’ lawsuit against Meta CEO Mark Zuckerberg and company leaders over claims stemming from the privacy scandal involving the Cambridge Analytica political consulting firm

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International Business Times

Zuckerberg Settles Lawsuit Over Cambridge Analytica Scandal

Meta chief Mark Zuckerberg and other company board members settled a shareholder lawsuit on Thursday concerning decisions made in the wake of the Cambridge Analytica privacy scandal.

Tom’s Guide

Meta AI was leaking chatbot prompts and answers to unauthorized users

Meta AI has fixed a security flaw that made it possible for users to view the prompts and their subsequent answers put forth by others to its chatbot.

Benzinga

Meta Flexes Ad Strength, Analyst Cites Travel Trends And Weak US Dollar

Keybanc analyst Justin Patterson reiterated an Overweight rating for Meta Platforms (NASDAQ:META) and raised the price forecast from $655 to $800 on Wednesday, citing strong second-quarter ad trends, stable macro conditions, and momentum in AI.

Fortune

I spent the week at ICML. Here's what is sticking with me.

At ICML, the AI research elite gather to present papers, chase jobs, and quietly shape the future of the field.

Benzinga

Meta, Palantir, Amazon Are All-In On AI—Can Datacenters Keep Up?

A global buildout of datacenter infrastructure is charging ahead to meet the immense computing power needed for AI ambitions by tech giants like Meta Platforms Inc. (NASDAQ:META), Palantir Technologies Inc. (NASDAQ:PLTR), Amazon.com Inc. (NASDAQ:AMZN) and others.

PC Gamer

Meta is using its own blend of AI-optimised, low-carbon 'green concrete' in one of its honking great data centers

There's something here about oceans and small amounts of liquid, I reckon.

The Guardian - UK

Labour spent 30% more than Tories in 2024 general election, figures show

Labour spent £30m compared with the Conservatives’ £23m, according to Electoral Commission data

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