The Latest Breaking News from Meta

Meta's solution to the global memory shortage is to use DDR4 in a DDR5 server, with a custom chip making the impossible possible

Alas, this solution won't work for gaming PCs. Not yet, at least.

PC Gamer · Jul 3

Meta team meets MeitY officials over WhatsApp usernames feature, to submit reply within timeline: Sources

Meta officials met with India's IT Ministry following a government notice regarding WhatsApp's proposed "usernames" feature. Concerns over impersonation and misuse have prompted the government to seek a detailed explanation and halt the rollout until consultations conclude. Meta will submit its response within the stipulated three-day deadline, with authorities examining…

The Economic Times · Jul 3

After Tesla, Samsung Eyes Meta Platforms for $6.5 Billion AI Chip Agreement: Report

Meta Platforms Inc. (NASDAQ:META) is reportedly in talks with Samsung Foundry of parent Samsung Electronics Co Ltd. (OTC:SSNLF) for manufacturing its forthcoming AI chips, in a deal valued at over 10 trillion won ($6.53 billion).

Benzinga · Jul 3

Mark Zuckerberg Admits AI Bets 'Haven't Come to Fruition Yet' and Meta Layoffs Were 'Not as Clean' as Planned: Report

On Thursday, Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg reportedly told employees that the company’s AI-driven reorganization has not delivered the rapid progress executives anticipated.

Benzinga · Jul 3

AI data center startup Crusoe in talks to raise $3 billion funding: report

The startup has contracts to supply AI computing power ‌for the ⁠likes ⁠of Meta and Oracle, the report said, as technology giants spend ​billions of dollars on data centers to meet the massive computing ​requirements for GenAI.

The Economic Times · Jul 3

Meta's Mark Zuckerberg says AI agent tech progressing slower than expected

Zuckerberg and other Meta executives have been seeking to ‌moderate some of ⁠the organizational ⁠changes introduced earlier this year, without fundamentally changing course. The company laid off about 10% of its global workforce and reassigned roughly 7,000 employees ​to AI-focused teams in May, moves that prompted employee pushback and raised…

The Economic Times · Jul 3

Mark Zuckerberg feeds his cows nuts and beer to create the ‘highest-quality beef in the world’ on his $300 million estate in Hawaii

“I'm very into the genetics of the cattle,” the Meta CEO said.

Fortune · Jul 2

US Stocks: Micron, Intel and other chip stocks fall up to 11% after record-breaking rally

Chip stocks experienced a significant downturn, with major AI rally leaders seeing sharp profit-taking after a record quarter. The VanEck Semiconductor ETF plunged over 5%, led by Micron, Intel, and AMD. Concerns over potential AI computing oversupply, fueled by Meta's plans, prompted investors to re-evaluate lofty valuations. Despite the sell-off,…

The Economic Times · Jul 2

Username row: After WhatsApp, IT Ministry sends notice to Telegram, Signal

Sources said that in the notice to Telegram, the government has asked the platform why it should be allowed to retain the username feature. On Wednesday, the Centre issued a notice to Meta over the username feature on WhatsApp, citing concerns that it could materially increase online fraud, phishing, digital…

The Economic Times · Jul 2

'Meta will need to reduce or possibly stop AI investment in datacenters, as it already has excess capacity': The AI infrastructure bubble feels the heat

This space for rent.

PC Gamer · Jul 2