Browsing Tag
Meta
49 posts
Constellation secures conditional $5bn US loan commitment for nuclear power expansion
The US nuclear power producer has received a conditional federal financing commitment covering potential capacity increases at existing reactors, extending a strategy supported by long-term electricity agreements with major technology companies.
People Inc added 320 employees this year. Why is it still cutting 195 jobs?
People Inc is eliminating 195 positions, roughly 6% of its workforce, with most reductions concentrated in print and legacy web operations even after hiring 320 employees during 2026. The restructuring exposes a deeper media-economics shift as digital revenue grows but Google AI Overviews reduce search-driven traffic, forcing publishers to redirect people and investment toward commerce, licensing, social video and other businesses less dependent on conventional web visits.
MAAS Group (ASX: MGH) owns 3.2% of Firmus and has A$855m in orders. What happens after the IPO collapse?
Firmus's abandoned Australian IPO creates two distinct risks for MAAS Group Holdings: the valuation and liquidity of its A$410 million minority investment, and the execution of an estimated A$855 million electrical infrastructure order. A completed A$1.61 billion asset sale provides financial flexibility, but the company's increasing exposure to AI infrastructure makes customer funding and contract delivery critical.
Trump and AI CEOs sign voluntary safety accord after rogue-agent breaches raise pressure
Trump and leaders from OpenAI, Google, Meta, Anthropic, Nvidia and X have backed voluntary AI controls covering audits, board oversight and unintended hacking.
US AI safety accord puts tech companies in charge of policing frontier models
Major US AI companies have signed a voluntary safety accord focused on self-policing. See what the deal requires and what remains unregulated.
Australia defies Trump criticism with social-media algorithm opt-out law
Australia plans to force social-media platforms to offer users a genuine choice between algorithmically recommended feeds and posts from accounts they deliberately follow, with penalties reaching A$109.2 million as the Trump administration warns allies against targeting U.S. technology companies.
WPP shares surge after results, but Cindy Rose still has to solve the growth problem
WPP plc shares have held most of their post-results surge after second-quarter revenue trends improved sharply, but falling sales, £2.9 billion of net debt and intensifying AI competition mean stabilisation is only the first stage of Cindy Rose’s turnaround.
SLB (NYSE: SLB) Q2 revenue rises 5% as ChampionX offsets Middle East decline
SLB beat Q2 estimates on $8.97B revenue, but ex-ChampionX sales fell 5% as Middle East disruption bit and Data Center Solutions revenue accelerated 63%.
Meta (META) kills Muse Image feature three days after launch amid SAG-AFTRA and CAA backlash
Meta (META) kills Muse Image feature 3 days after launch amid SAG-AFTRA and CAA backlash; stock still logs 15% weekly on Meta Compute and Iris catalysts.
Nebius (NASDAQ: NBIS) Nasdaq-100 entry meets the $50bn AI cloud backlog test
Nebius (NASDAQ: NBIS) joins Nasdaq-100 on 22 June with USD 50B in AI cloud backlog. The real test is turning USD 25B capex into ARR fast enough.