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Meta Platforms (META) is still in the red for the year, with legal, regulatory, and heavy spending worries dragging on the mood around the company.
Meta launched Muse Spark, its first major AI model from Superintelligence Labs, in early April.
KEY POINTS
- Meta has developed four generations of in-house MTIA AI chips with Broadcom, with MTIA 300 already deployed.
- Meta signed a multi-year partnership with Nvidia for advanced chips and networking to scale AI data centers.
- Meta is acquiring Moltbook, an AI-focused social platform, to integrate agent-style tools into its ecosystem.
- Pershing Square Capital Management holds a $2 billion stake in Meta, representing 10% of its capital.
COMPANIES
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