Meta Strikes Massive AI Deal with Nebius Worth Up to $27B Your email has been sent Meta has signed an AI infrastructure deal with Nebius worth up to $27 billion over five years, deepening its push to ...

Meta's stock climbed after Reuters reported the social media giant is planning to lay off over 20% of its 79,000 employees to balance AI-related spending. A company spokesperson told CNBC: "This is a ...

Meta has acquired Moltbook, a social media network designed just for AI agents Moltbook and its leaders will fall under Meta Superintelligence Labs Financial details and future plans are undisclosed ...

The company is spending big on AI but cutting back almost everywhere else. The company is spending big on AI but cutting back almost everywhere else. is the Verge’s weekend editor. He has over 18 ...

Meta Platforms Inc. will pay as much as $27 billion over the next five years for access to artificial intelligence infrastructure from cloud provider Nebius Group NV as it spends aggressively to ...

Meta is planning sweeping layoffs that could affect 20% or more of the company, three sources familiar with the matter told Reuters, as Meta seeks to offset costly artificial intelligence ...

Meta Platforms (META) has committed to spend up to $27B over the next five years to access advanced AI infrastructure from Nebius (NBIS). Shares of Nebius jumped about 14% premarket on Monday, while ...

Meta management expects capital expenditures to be at least $115 billion in 2026, marking a massive acceleration in infrastructure spending. Surging operating cash flow gives the company the resources ...

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Meta has confirmed that, soon, it will remove support for end-to-end encryption for Instagram DMs. Confirmed on a support page, Instagram will be removing end-to-end encryption support for direct ...