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The Latest Breaking News from Meta

AI Data Center Spending By Nvidia, Microsoft And Other 'Mag 7' Titans Is Squeezing S&P 500 Share Buybacks, Goldman Sachs Warns

The race among the “Magnificent Seven” tech giants to construct large AI data centers is having an unforeseen effect on share buybacks, a recent Goldman Sachs report reveals.

Benzinga

Facebook User Privacy Settlement Explained — Are You Eligible and How Much Will Users Get From the $725 Million Deal?

Facebook's $725M privacy settlement payouts begin. Find out if you are eligible and how much users will get from the deal.

International Business Times UK

Peter Thiel-Backed Fellows' Startup Mercor Targets $10 Billion Valuation As OpenAI, Meta, Tesla Turn To Its AI Training Experts: Report

Mercor, founded by three Thiel Fellows who dropped out of Harvard, is reportedly pursuing a Series C funding round targeting a $10 billion valuation amid surging demand from artificial intelligence companies for specialized training experts.

Benzinga

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CuspAI, startup building AI models for chemistry, raises $100 million Series A

The round, which values CuspAI at a reported $520 million, is being led by NEA and Temasek, with Nvidia's NVentures, Samsung, and Hyundai Motor Group also participating.

Fortune

Mark Zuckerberg's Costly AI Talent Hunt Sparks Backlash As Million-Dollar Recruits Quit, Secretive 'TBD Lab' Breeds Tension At Meta: Report

Meta Platforms Inc. (NASDAQ:META) faces mounting internal tensions after CEO Mark Zuckerberg‘s artificial intelligence recruitment drive sparked employee departures and compensation disputes.

Benzinga

How to Save the Internet by Nick Clegg review – spinning Silicon Valley

Instead of recognising that social media harms mental health and democracy, the former deputy PM and Meta executive repeats company talking points

The Guardian - UK

Thousands of 'nudifying' ads removed from social media

Advocate groups say Meta has only acted to remove ads for 'nudifying' apps because of looming enforcement to crack down on the AI-powered deepfake tools.

AAP

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Whistleblowers tell Senate panel Meta hid VR harms - Roll Call

Senators accused Meta, parent company of Facebook and Instagram, of failing to address threats to children on its VR platform.

Roll Call

The golden Oakley Meta HSTN gets a speedy update for its cameras

The Oakley Meta HSTN glasses received an update for their cameras, voice commands, and more.

Android Central

Cohere says its goal is "ROI not AGI" as it looks to shake underdog status with a key hire from Meta, a new CFO, and a $7 billion valuation

The Toronto startup wants to prove it’s more than a national champion. With former Meta AI exec Joelle Pineau on board and a $7 billion valuation, Cohere is betting that the future of AI is enterprise ROI—not sci-fi 'superintelligence.'

Fortune

How Google dodged a major breakup – and why OpenAI is to thank for it

An antitrust apocalypse has been averted, and it’s all down to its biggest competitor, according to the judge who could’ve forced Google to sell Chrome

The Guardian - US

Will Meta’s Huge Bet on the Metaverse Pay Off?

The metaverse is the long-shot that could transform Meta, but there are concerns for META stock investors here.

Barchart

Companies are spending so much on AI they’re cutting share buybacks, Goldman Sachs says

“Surging capex spending related to AI will likely prevent a major increase in the buyback payout ratio," the bank says.

Fortune

Alarm as WHO accepts increasing amount of dark money from corporate donors

Experts say millions in corporate funding and concealment of donors’ identities raises key conflict-of-interest concerns

The Guardian - US

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Tom’s Hardware

ASML makes $1.5 billion investment in Mistral AI — ASML becomes the largest shareholder for the French AI start-up

ASML has invested €1.3 billion in s Mistral AI allegedly in a strategic move to deepen its use of AI across lithography and chipmaking software.

The Independent UK

WhatsApp’s ex security chief accuses Meta of putting billions at risk

Lawsuit claims 100,000 accounts are hacked every day, and that 1,500 Meta engineers had access to sensitive user information

Benzinga

Ex-DreamWorks CEO Jeffrey Katzenberg Backs AI-Powered Child Safety Startup As Meta Faces Congressional Fire Over Teen Protection Failures

Former DreamWorks CEO and WndrCo founding partner Jeffrey Katzenberg is doubling down on artificial intelligence-driven child safety solutions through his investment in Aura, as regulatory pressure mounts on Meta Platforms Inc. (NASDAQ:META) over inadequate teen protection measures.

Benzinga

Mark Zuckerberg Addresses Hot Mic Moment With Trump, Says Meta Could Invest Over $600 Billion By 2028: 'Wasn't Sure Which Number He Was Asking'

Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg addressed a hot mic exchange with President Donald Trump, saying the company may exceed its $600 billion U.S. investment pledge through 2028 after their White House dinner conversation went viral.

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Axios

What AI's spending boom is really buying

Tech CEOs aren't worried about overbuilding because they know their data centers will outlive an AI bust.

Tom’s Guide

Meta Connect 2025: 5 huge announcements we expect to see

Meta Connect 2025 kicks off September 17, and here are the 5 game-changing announcements we're expecting to see based on rumors and leaks.

The Guardian - UK

Peter Kyle, the ‘tech bro’ minister charged with kickstarting UK growth

‘Hard-working’ business secretary opens his tenure with delicate trade missions to Washington and Beijing

Benzinga

Facebook, Instagram, YouTube And Other Social Media Platforms Restored In Nepal As Government Reverses Ban Amid Deadly Protests (UPDATED)

Editor's Note: The story has been revised to include the latest developments.

The Guardian - US

Meta hid harms to children from VR products, whistleblowers allege

Company accused of manipulating virtual reality research as senator attacks Meta’s ‘disgusting web of lies’

The Guardian - US

Ex-WhatsApp cybersecurity executive says Meta endangered billions of users in new suit

Attaullah Baig, fired this year for alleged poor performance, said he had warned Mark Zuckerberg engineers had unaudited access to user data

International Business Times

Ex-WhatsApp Executive Sues Meta Over Alleged Security Failures

The former top security executive at WhatsApp filed Monday a US federal lawsuit alleging that parent company Meta systematically violated cybersecurity regulations and retaliated against him for reporting the failures.

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