Asia’s AI Supply Chain Presents Major Opportunity: WhiteOak Capital
Asia’s growing dominance in the AI hardware supply chain is emerging as a major investment opportunity. This is according to Lim Wen Loong, Fund Manager...
Tag : Meta
Reliance Industries Shares Rise 2% After Rs 2 Crore AI JV With Meta’s Facebook Unit
Shares of Reliance Industries Ltd soared 2% to touch a day’s high of Rs 1,483.50 on 27th October. This followed the company’s announcement that it...
Meta, Blue Owl Close $30 Billion Private Capital Deal for AI
In a landmark deal, Meta Platforms Inc is set to secure nearly $30 billion to finance its Hyperion data centre in rural Louisiana. This makes...
Meta, TikTok Win EU Tech Fee Case, Regulators to Recalculate
Meta and TikTok have won their court challenge against the way EU regulators calculated supervisory fees under the Digital Services Act (DSA). The two companies...
ByteDance Targets $330 Billion Valuation as Revenue Tops Meta
ByteDance, the Chinese tech giant behind TikTok, is strengthening its global standing with a new employee share buyback that values the company at over $330...
Meta Invests $14.3 Billion in Scale AI, Hires 28-Year-Old CEO Wang to Lead Superintelligence
Meta has taken a 49% stake in Scale AI for $14.3 billion, valuing the data-labeling startup at $29 billion. As part of the deal, Scale’s...
Meta Signs 20-Year Nuclear Power Deal as AI Drives Energy Demand
On 4th June, Meta signed a 20-year deal to buy nuclear power from Constellation’s Clinton plant in Illinois starting mid-2027, once current state subsidies end....
WhatsApp and Telecom Department Team Up to Fight Online Fraud and Spam
The Department of Telecommunications (DoT) has teamed up with WhatsApp to launch a security campaign as part of Meta’s ‘Stay Safe from Scams’ initiative, aiming...
Meta to Invest in AI-Powered Humanoid Robots
Meta Platforms Inc. is focusing on AI-powered humanoid robots and investing in developing AI, sensors, and software for robots to be sold by other companies....
Meta Begins New Layoffs, Top-Rated Employees Affected
Meta began layoffs on 10th February, targeting “low-performing” employees as it focuses on strengthening its AI talent pool. Severance packages for US-based employees include 16...