Meta CTO Andrew Bosworth internally announced a reorg of Reality Labs on Monday.
Meta’s chief executive has become a more visible presence in Washington since President Trump’s return to office after years of avoiding politics.
Mark Zuckerberg said this year will be a "defining" year for AI, announcing plans to spend over $60-$65 billion in capital expenditures.
Meta Platforms isn’t backing down in the artificial intelligence arms race. The company is all in. On Friday, Meta CEO Mark Zuckerberg said his company is planning to invest $60 billion to $65 billion in capital expenditures this year while growing the size of the company’s AI teams “significantly.
In Trump’s first term, Meta quietly introduced a slew of Republican-friendly changes. But led by Joel Kaplan, the company is done playing both sides and is going all-in on MAGA.
Microsoft alone is projecting $80 billion of infrastructure spend for data centers in 2025; meanwhile, OpenAI, Oracle, and SoftBank are leading the newly announced Stargate initiative under President Trump -- a project aiming to invest $500 billion into AI frameworks over the coming years.
I have fired Meta as a client,” Lemley wrote on Bluesky, the platform which has emerged as an alternative to X for left-leaning internet users
The Meta CEO met with Trump after his win in the 2024 presidential election, according to multiple reports including CBS and the New York Times. And more recently, he named Trump ally and UFC boss Dana White to Meta's board of directors and elevated prominent Republican Joel Kaplan to lead its global affairs operation.
"This will be a defining year for AI," Zuckerberg said in a Facebook post. "Over the coming years, it will drive our core products and business."
Zuckerberg announces the effort as Elon Musk is upgrading his Colossus supercomputer and Sam Altman partners to dump $500 billion into 'Project Stargate.'
CNBC’s Carl Quintanilla, Jim Cramer and David Faber discuss the latest news from Meta. Novak Djokovic makes two-word admission after retiring from Australian Open