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REVEALED: 44 | Vintage Vibes

Mark Zuckerberg Admits AI Bets 'Haven't Come to Fruition Yet' and Meta Layoffs Were 'Not as Clean' as Planned: Report

On Thursday, Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg reportedly told employees that the company’s AI-driven reorganization has not delivered the rapid progress executives anticipated.

Benzinga

AI data center startup Crusoe in talks to raise $3 billion funding: report

The startup has contracts to supply AI computing power ‌for the ⁠likes ⁠of Meta and Oracle, the report said, as technology giants spend billions of dollars on data centers to meet the massive computing requirements for GenAI.

The Economic Times

Meta's Mark Zuckerberg says AI agent tech progressing slower than expected

Zuckerberg and other Meta executives have been seeking to ‌moderate some of ⁠the organizational ⁠changes introduced earlier this year, without fundamentally changing course. The company laid off about 10% of its global workforce and reassigned roughly 7,000 employees to AI-focused teams in May, moves that prompted employee pushback and raised…

The Economic Times

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Mark Zuckerberg feeds his cows nuts and beer to create the ‘highest-quality beef in the world’ on his $300 million estate in Hawaii

“I'm very into the genetics of the cattle,” the Meta CEO said.

Fortune

US Stocks: Micron, Intel and other chip stocks fall up to 11% after record-breaking rally

Chip stocks experienced a significant downturn, with major AI rally leaders seeing sharp profit-taking after a record quarter. The VanEck Semiconductor ETF plunged over 5%, led by Micron, Intel, and AMD. Concerns over potential AI computing oversupply, fueled by Meta's plans, prompted investors to re-evaluate lofty valuations. Despite the sell-off,…

The Economic Times

Username row: After WhatsApp, IT Ministry sends notice to Telegram, Signal

Sources said that in the notice to Telegram, the government has asked the platform why it should be allowed to retain the username feature. On Wednesday, the Centre issued a notice to Meta over the username feature on WhatsApp, citing concerns that it could materially increase online fraud, phishing, digital…

The Economic Times

'Meta will need to reduce or possibly stop AI investment in datacenters, as it already has excess capacity': The AI infrastructure bubble feels the heat

This space for rent.

PC Gamer

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Meta’s AI Compute Push Could Turn Its Massive CapEx Bill Into a Competitive Weapon

Meta Platforms is selling surplus GPU compute to third-party developers, pressuring pure-play AI infrastructure providers while benefiting downstream software companies.

MarketBeat

Trump stopped talking about these media stocks, but his portfolio didn't stop trading them

Trump, Comcast and Warner Bros. Discovery: a story of silence, activity and pending M&A deals.

Fortune

India Doesn't Want Whatsapp To Become More Like Telegram: Meta Told To Pause Rollout for 850M Users

The Indian government has paused WhatsApp's new username feature rollout, citing privacy concerns, following Telegram's ban due to exam paper leaks. The move raises questions about digital privacy and control.

International Business Times UK

Meta's Stock Jumped After Announcing a New Business Venture. But Analysts Warn There Is a Caveat

Analysts are warning that Meta's new venture into cloud infrastructure could provide smaller margins than its lucrative ad business.

International Business Times

Meta reportedly wants to start a cloud computing business to compete with AWS, Azure and others

Facebook's parent company could be launching a new Meta Compute business to sell excess capacity to other hyperscalers and startups.

TechRadar

Meta’s cloud compute dreams: Why opt for U.S. AI data centers when Saudi Arabia has cheap oil and cheaper power?

“Data center capacity in the United States is not going to age well,” MNTN CEO Mark Douglas told Fortune. He gives it two years.

Fortune

Meta Platforms Is Dragging Down Coreweave Stock. Here's Why.

CoreWeave shares tumbled yesterday on reports of Meta Platforms building a commercial cloud infrastructure business. Here’s why the news is bearish for CRWV shares.

Barchart

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Tom’s Hardware

Meta reportedly plans to rent out its AI compute, sending AI stocks tumbling — 'Meta Compute' would put company in direct competition with AWS

Meta is reportedly weighing two service models: selling developers access to AI models hosted on its own infrastructure, or selling raw computing capacity.

Salon

Kylie Jenner can't redeem AI glasses

Meta recruited a celebrity to make smart glasses feel safe for women. They aren't

MyLifeXP

Why India Is Worried About WhatsApp's New Username Feature

For years, your phone number has been your identity on WhatsApp. It helped friends find you, businesses contact you, and users verify who they were talking to. But that could soon change. WhatsApp is preparing to introduce usernames, allowing people to connect without sharing their mobile numbers. While the feature…

The Economic Times

No longer magnificent? How Apple, Microsoft and other Mag 7 stocks are crumbling under AI pressure

The Magnificent Seven are underperforming as investors question whether massive AI spending will generate adequate returns. With $2.3 trillion erased in June, markets are shifting focus from AI hype to profitability, free cash flow and monetisation ahead of earnings.

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TechRadar

WhatsApp should freeze username rollout as it could ‘increase cybercrimes’, says India — but Meta claims impersonation isn’t an issue

The great WhatsApp username rush is on, but there may be problems with scammers and impersonations.

Barchart

Nasdaq Futures Slip as Chip Stocks Extend Slide, U.S. Jobs Report in Focus

September Nasdaq 100 E-Mini futures (NQU26) are down -0.30% this morning, pointing to further losses after semiconductor stocks led Wall Street lower in the previous session.

The Economic Times

WhatsApp says claims of people reserving popular, well-known usernames false

The rebuttal came as part of a set of FAQs released by the Meta-owned messaging platform around its contentious username feature - which is under fire over impersonation and fraud concerns.

International Business Times UK

Meta Employees Burned $221M in AI Tokens in One Month: Now Big Tech Starts Counting Every AI Prompt

Companies are moving from unlimited AI usage to budgeted management, focusing on cost-effective productivity while maintaining significant gains. AI adoption continues to grow, with refined usage strategies.

Benzinga

South Korean Hot Stocks SK Hynix, Samsung Tumble as Semiconductor Selloff Spreads From Wall Street to Asia: ETFs You Should Watch

South Korean stocks tumbled Thursday as a broad semiconductor selloff spread from Wall Street to Asia, dragging the benchmark index, Korea Composite Stock Price Index, lower after heavy losses in SK Hynix Inc and Samsung Electronics Co.

The Economic Times

South Korea's Kospi plunges 8%, extending a two-day slide. What's unsettling the world's hottest market?

South Korean stocks experienced a sharp two-day decline, with the KOSPI index plummeting over 10%. This downturn was fueled by concerns over excess AI capacity following Meta's plans and weakness in U.S. tech shares. Major chipmakers like SK Hynix and Samsung Electronics saw significant drops, triggering trading halts. Despite this…

The Economic Times

WhatsApp usernames safe from scams, impersonation? Meta issues FAQs amid government scrutiny

WhatsApp is rolling out a new username feature, allowing users to connect without sharing phone numbers. The company has released an FAQ addressing concerns about impersonation and scams, following a government notice. Usernames are optional, and a "username key" adds an extra layer of security. Well-known names are being reserved…

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