Meta Platforms Inc. keeps writing bigger checks in pursuit of its artificial intelligence strategy, and traders keep cheering it on, encouraged that the expensive bets will keep paying off.

KEY TAKEAWAYS Meta Platforms CEO Mark Zuckerberg reportedly is building a team of 50 AI experts aimed at beating the company's tech rivals in achieving artificial general intelligence.Citing people familiar with Zuckerberg's plans,

Meta CEO Mark Zuckerberg is reportedly building a superintelligence team to develop artificial general intelligence, recruiting 50 experts amid competition with OpenAI and Google.

Google is reportedly cutting ties with Scale AI after Meta acquired a 49% stake in the data-labeling startup, according to Benzinga. Google was previously Scale AI’s largest customer, and it is reportedly planning to end its relationship with the company.

Will Meta and Oakley unveil a ruggedised version of their smart glasses with advanced AI, improved audio, and superior video capture?

Meta is betting big on a new superintelligence lab, luring talent with massive paychecks and bringing in Scale AI’s Alexandr Wang—but insiders warn that deep internal dysfunction could sabotage the effort.

Meta is partnering with Oakley to unveil a new line of smart glasses, with a reveal set for June 20. The collaboration, teased on social media, hints at a sportier evolution of Meta’s wearable tech, possibly building on the Ray-Ban Meta legacy with features like a central camera and AI assistant.

The parent company of Facebook is investing $14.3 billion in Scale AI, which offers a platform and training data for developing AI models.

Mark Zuckerberg, the billionaire CEO of Meta Platforms is setting up a team of experts to achieve so-called "artificial general intelligence" (AGI), or machines that can match or surpass human capabilities,

Meta Platforms Inc. keeps writing bigger checks in pursuit of its artificial intelligence strategy, and traders keep cheering it on, encouraged that the expensive bets will keep paying off.

Threads, Meta's microblogging platform, is testing spoiler text. This is a nice quality-of-life upgrade on the user side, but it also helps Meta by encouraging more conversations about pop culture without people worrying about spoiling others.