Welcome to the Land of Enchantment.
Meta posted the most profitable quarter in its history and the stock dropped 9 per cent. Revenue rose 33 per cent to $56.31 billion, beating Wall Street’s estimate of $55.49 billion. Net income reached $26.8 billion, up 61 per cent year over year. And for the first time since Meta began reporting its “family” of […]
Meta is all about AI these days, and the company's Q1 2026 earnings call showed that this is costing a lot of money.
Overview’s satellites will collect sunlight continuously in geosynchronous orbit and beam it as near-infrared light to existing ground solar installations, which convert it to electricity. The approach extends solar farm output through the night without new land, new grid connections, or new infrastructure on the ground. Meta has signed an agreement with Overview Energy, a […]
The NDRC’s Office of the Working Mechanism for Foreign Investment Security Review issued a formal cancellation order on Monday, four months after the deal was announced. Manus co-founders Xiao Hong and Ji Yichao have been barred from leaving China since March. China’s National Development and Reform Commission has formally ordered Meta to unwind its $2 […]
Summary: Meta signed a multibillion-dollar, multi-year deal to deploy tens of millions of Amazon’s Graviton5 ARM CPU cores in AWS data centres for agentic AI workloads. The chips are general-purpose processors, not AI accelerators, handling the CPU-intensive inference and orchestration tasks behind real-time reasoning and multi-step agents. The deal is one piece of a procurement […]
Summary: Meta and Microsoft announced workforce reductions on the same day, April 23, affecting up to 23,000 positions combined. Meta is cutting 8,000 jobs (10% of staff) and cancelling 6,000 open roles effective May 20, while Microsoft launched its first-ever voluntary retirement programme offering buyouts to up to 8,750 US employees whose age plus years […]