The post Meta (META) Stock Surges $50 Following Neocloud Strategy Announcement appeared on BitcoinEthereumNews.com.
Key Takeaways Meta Platforms is launching a neocloud initiative to commercialize computing capacity and generate revenue from its extensive data center infrastructure. Shares have climbed approximately $50 following the neocloud strategy reveal. Wolfe Research maintains an Outperform rating with an $800 price objective; META shares currently sit at roughly $605.72. Wolfe Research has increased its fiscal 2027 capital expenditure projection for Meta to $220 billion, significantly exceeding Street estimates of $160 billion and above. The company anticipates 2026 capex ranging from $125 billion to $145 billion; Meta has also commenced construction on an AI-focused data center facility in Canada. Meta Platforms (META) shares are hovering around $605.72, gaining $2.60 in Thursday’s session, as two positive developments spotlight the tech giant’s aggressive artificial intellige
The post Meta opens Muse Spark 1.1 to US developers at launch as a coding API appeared on BitcoinEthereumNews.com.
Meta released Muse Spark 1.1 on Thursday and made it open to US developers through a new Meta Model API, creating direct competition with OpenAI, Google, and Anthropic. The model is available immediately in Thinking mode inside the Meta AI app and on the Meta AI website. Developers who want to plug it into their own coding software can now do so through the Meta Model API, which launched the same day in public preview for US accounts. Meta is handing out $20 in free credits to every new account on the API. What has changed since April? Muse Spark was released in April as Meta’s return to the AI model race, with the company describing version 1.1 as a “step-change” over that release. The new update handles more advanced coding work, can spot and repair complex bugs, and runs agentic workflows across multiple apps, including multi-agent setups. Muse can also read images, v
Meta's rapid AI advancements and competitive pricing could pressure decentralized AI networks to justify their value propositions.
The post Meta releases Muse Spark 1.1, claiming it surpasses OpenAI and Google models appeared first on Crypto Briefing.
In its bid to spend less on GPUs from providers like Nvidia, Meta is on track to start making its the latest versions of its AI-specific chips in September.
Meta's AI advancements could reshape developer tools, challenging competitors to innovate and potentially altering market dynamics globally.
The post Meta debuts Muse Spark 1.1 with developer preview access, intensifying AI race with OpenAI and Anthropic appeared first on Crypto Briefing.
Meta's AI focus may strain tech resources, impact crypto markets, and intensify competition with AI leaders, reshaping tech investment dynamics.
The post Mark Zuckerberg returns to X after 3 years to unveil Meta’s new coding AI model appeared first on Crypto Briefing.
The post Meta sets September start for in-house Iris AI chip production appeared on BitcoinEthereumNews.com.
Meta appears set to start the assembly line for its own in-house chip production by September of this year. News of the AI chip code-named Iris first broke after Reuters reported having reviewed an internal company memo on Thursday. The same report claimed that it only took six weeks to declare the design bug-free as the chip aced testing without turning up any major faults. Iris is reportedly the first of four chip generations that the Zuckerberg-led firm has lined up in its Meta Training and Inference Accelerators (MTIA) program. Meta first shared plans for the chip in March. With that, Meta has played its next hand in justifying the roughly $145 billion it has poured into AI infrastructure this year alone. The firm has not publicly reacted to the news. Why Meta is building its own chip? For a company that leans heavily on processors to run AI across its flagship Facebook a
Meta's low-cost AI strategy could disrupt the market, leveraging its vast user base and infrastructure to challenge premium-priced competitors.
The post Meta wants to win the AI tools war by being the cheapest option in the room appeared first on Crypto Briefing.
