Nscale hires Meta veteran Justin Osofsky as COO ahead of planned NYSE IPO
Nscale's IPO filing listed no chief operating officer. The new one comes from Meta, where some of its board members also built their careers.
Apple (AAPL) could keep selling iPhones and still lose services revenue to Meta's AI agent, analysts warn
Apple could keep every iPhone sale and still lose the money that comes after. Needham and Bank of America both point to Meta's AI agent.
AI needs $6 trillion a year to fund its buildout, Bain says. Existing uses could bring in less than a third.
Bain named four places the rest of the money could come from. It put no number on one of them.
Facebook capped our link posts. Meta's $499 plan unlocks unlimited links, but will it be enough to pay for the AI bill?
Facebook limited our Page to two link posts a month in September unless we paid. I ran the numbers on how much Meta One could put toward Meta's AI budget.
The 10-year yield closes at a 24-year high despite softer inflation. AI borrowing adds to the pressure
Treasury's own data puts the 10-year above its 2007 peak. A Macquarie strategist says bond issuance matters more this year than inflation.
Meta's (META) Muse is on track to reach 5 million U.S. downloads faster than ChatGPT
Sensor Tower estimates Muse passed 5 million downloads in three weeks. Its report also shows how much of Meta's own ad space went into the push.
Trump calls the AI safety accord "morally binding." Who can stop a model's release when something goes wrong?
Six AI leaders signed a voluntary safety accord that calls for outside audits. It doesn't say who can act when an auditor finds a problem.
Meta (META) hires MongoDB's CEO to lead new enterprise AI business; MDB shares fall more than 20%
Meta is launching a business to sell its AI tools to companies and hired MongoDB CEO CJ Desai to run it. MongoDB named an interim chief as its shares fell.
Meta's (META) Muse can cancel subscriptions you forgot about. That's a problem for sellers
Meta's Muse AI agent can help people find and cancel subscriptions they forgot about, CNBC reported. Stanford research suggests sellers have a lot riding on that forgetfulness.
Microsoft (MSFT) brings coding and agents into one Copilot app, with usage-based charges
Microsoft is rebuilding Copilot around Home, Code, and Autopilot, and will bill the heavier agent work by usage. CNBC reported that the move is meant to help Microsoft compete in business AI, where Anthropic has been gaining traction.
Google (GOOGL) plans to launch its first AI-chip satellite with Planet Labs next week
Google's first Project Suncatcher satellite, developed with Planet Labs and carrying Google TPUs, is scheduled to launch next week on a SpaceX rideshare. Separately, Google began testing a Gemini feature that calls businesses for Pixel 11 owners.
Traders bet Meta's Muse will hurt Schwab (SCHW). Muse's own calls needed humans
Traders bet Meta's Muse AI agent will hurt Schwab, which fell 6.1% on Tuesday. The same day, Reuters reported that Meta had tested human call-center workers to handle some Muse requests.
Innodata (INOD) jumps 14.6% after Hunterbrook report links it to Meta's Muse
Innodata shares jumped 14.6% after a Hunterbrook Capital report argued that Meta's new Muse assistant could be a big win for the AI training-data company. Neither Meta nor Innodata has confirmed the work, and Hunterbrook disclosed it is long the stock.
The bond market has split between AI and everything else. Alphabet (GOOGL) and Meta (META) are paying more to borrow.
Highly rated corporate credit has split into two worlds. Investors are wary of AI-related bonds while competing for debt from traditional financial and industrial issuers, and the spread gap is now real.
Meta is on track for its best month in more than two years. The company's AI chief says Muse is outpacing ChatGPT's early launch.
Meta shares jumped Monday toward the stock's best month in more than two years, as its AI chief touted Muse download and usage numbers running ahead of ChatGPT's early launch.
Meta (META) says its new transatlantic cable will carry a petabit a second, 5.5 times its first one
Meta unveiled Petal, a roughly 7,000 km subsea cable that will carry a petabit of data per second between France and the US in 2029, built on two-core fiber with NEC, Sumitomo Electric and Orange.
What is an AI kill switch? Shutting down modern AI means finding thousands of off switches, not one.
An AI kill switch is meant to shut down a dangerous AI model in an emergency. The catch is that modern AI runs across thousands of machines, so there is no single thing to turn off.
CleanSpark (CLSK) names Meta as its Georgia data center tenant. A unit wants $2.227 billion in secured notes.
CleanSpark identified Meta as the tenant on its 175 MW Sandersville campus while a subsidiary went out for $2.227 billion of senior secured notes due 2031.
Three AI CEOs asked for a slowdown. Chipmakers sold off worldwide, and cybersecurity stocks went up.
Dario Amodei asked AI labs to slow the pace of capability development, and Sam Altman and Elon Musk agreed. The selloff that followed hit the AI supply chain and bid up the companies that sell defenses against it.
Meta (META) reportedly agrees to buy Swedish AI startup Stilla to speed up its Business Agent
Meta has agreed to buy Stockholm startup Stilla to speed up development of Meta Business Agent, the AI that handles customer chats and sales for merchants on WhatsApp, Messenger and Instagram, Axios reported Wednesday. No price was disclosed, and neither company has confirmed the deal. Stilla raised $5 million in January and was founded by the two people who built Tictail and later Shop Pay at Shopify.
Meta (META) launches Muse AI agent with a free tier and plans up to $100 a month
Meta released Muse on Tuesday, a personal AI agent that books, buys and fills out forms on a user's behalf. It runs in a dedicated virtual machine with a second agent, Sentinel, approving anything it sends to the internet. A free tier and $20 and $100 monthly tiers, for US adults.
Meta (META) CEO Zuckerberg told Trump a national AI regulator is flawed, Business Insider reports. It's his second push against AI review this year.
Business Insider reports that Mark Zuckerberg told President Trump in a private August call that a proposed FINRA-style AI regulator was a flawed idea, arguing even a month of delay would cost the U.S. its lead over China. The Treasury-backed plan is still under White House review.
Bernie Sanders filed a bill to ban superintelligent AI. Violators could face 20 years in prison or corporate dissolution.
Sen. Bernie Sanders and Rep. Greg Casar introduced the Ban Artificial Superintelligence Act on September 3, built on the July OpenAI agent-security incident that hit Hugging Face. It would pause advanced AI development until a new federal agency writes safety rules, and it borrows its penalties from nuclear weapons law. AI stocks did not react.
Broadcom (AVGO) targets $230 billion in AI revenue by 2028, and the call turned a 4.6% after-hours drop into a gain
Broadcom reported $16.7 billion of AI semiconductor revenue for its fiscal third quarter and then told investors to expect about $115 billion next fiscal year and about $230 billion the year after, with supply already secured for both. Shares fell as much as 4.6% after hours on a fourth-quarter revenue guide just under consensus, then turned positive during the call.