Meta Platforms (META) fell nearly 25% from its all-time high as investors punished elevated AI spending plans. Meta laid off 600 employees from its AI unit and may make further cuts to reduce costs.

Meta built its recent reputation in artificial intelligence on a loud promise of openness, positioning itself as the industry's counterweight to locked-down rivals. Now the company is quietly pivoting ...

The private equity and big tech playbooks are converging on a singular strategy: replace expensive human workers with automation. This week, Vista Equity Partners and Meta sent unmistakable market ...

META Platforms stock (NASDAQ: META) has declined by 18.4% within a span of 21 trading days. This significant drop indicates renewed worries among investors concerning the company’s aggressive ...

Meta is pursuing a new frontier AI model, codenamed Avocado, that could be proprietary instead of open source, CNBC has learned. The company is trying to keep pace with artificial intelligence rivals ...

Meta Platforms is reportedly delaying the release of its next-generation artificial intelligence (AI) model, Avocado, to the first quarter of 2026, according to sources cited by CNBC. The move ...

Dec 30 (Reuters) - Meta said on Monday it would acquire ‌Chinese-founded artificial intelligence startup Manus, as the ‌technology giant accelerates efforts to integrate advanced AI across its ...