The post Meta’s Muse Image Tool Boost Helps Stock Hit Best Week In Years appeared on BitcoinEthereumNews.com.
Topline Mark Zuckerberg’s net worth increased by $12 billion on Friday as Meta’s stock concluded its best weekly performance in more than two years, following the debut of a new AI model and reported plans for the Facebook parent to develop in-house AI chips. The Facebook parent’s stock saw a positive investor reaction to its new AI model and reported plans for in-house AI chips. Getty Images Key Facts Meta jumped 6% on Friday to just under $670, extending a more than 14% rally for the stock over the week, its best five-session performance since a 20.5% surge the week ending Feb. 2, 2024, according to FactSet data. The latest boost in Meta shares added $12.7 billion to Zuckerberg’s net worth, valued at $229.3 billion, as he ranks No. 6 in the world behind No. 5 Michael Dell ($241.3 billion) and No. 4 Jeff Bezos ($255.2 billion), according to Forbes estimates (for the rest, see
The post China is giving Manus to Tencent after blocking Meta’s attempted acquisition appeared on BitcoinEthereumNews.com.
China is pushing Manus toward a new group of owners after telling Meta Platforms (NASDAQ: META) to reverse its $2 billion purchase of the AI agent startup. As per the Financial Times, Tencent Holdings (HKEX: 0700) will hold the maximum stake, but not more than 50 percent. It means that Manus will remain an independent entity and will continue its operations from Singapore instead of becoming a part of Tencent. The new deal would keep the same $2 billion valuation used when Meta bought Manus in December 2025. Former investors such as Tencent, ZhenFund, and HSG are taking part in the talks, along with Manus executives. Other investors could still join before an agreement is reached. China forces investors to rebuild Manus after Meta separates the business Beijing ordered Meta to reverse the purchase in April 2026, saying the deal broke local investment rules. Manus c
The post Meta’s Chief Data Officer Says Agentic Commerce is the “Next Tier of Business” appeared on BitcoinEthereumNews.com.
In a wide-ranging conversation on CoinDesk Spotlight, Schultz laid out a view of Meta’s future in which agentic commerce is not a product category but an inevitability. “We think it might be the next tier of business for our entire company,” he told host, Sam Ewen. The Agentic Economy Is Already Here, But It’s Unevenly Distributed Schultz framed the agentic economy the same way science fiction author William Gibson framed the future: already present, not yet mainstream. “We are building business agents for all businesses,” he said. “We have over a million weekly active businesses with Meta agents[…] from basically nothing at the start of the year.” The use case he outlined was deliberately mundane: coordinating a child’s birthday party. Agents booking times, checking calendars, finding venues, communicating with other parents’ agents, all on WhatsApp. The point o
Meta's strategic pivot to cloud computing and AI could diversify revenue streams, but success hinges on building enterprise trust and capabilities.
The post Meta stock surges roughly 15% in a week, poised for best performance in years appeared first on Crypto Briefing.
The eased export controls could significantly boost UAE's AI capabilities, impacting regional tech dynamics and global AI market competition.
The post US government eases export controls for Nvidia AI chips to UAE appeared first on Crypto Briefing.
Meta's AI image detector's failure highlights the challenges of ensuring digital content authenticity, urging stronger measures against manipulation.
The post Meta’s AI image detector fails to catch 55% of its own cropped AI images appeared first on Crypto Briefing.
The EU's stance on Meta's design practices signals a broader regulatory shift that could impact tech and crypto platforms' user engagement strategies.
The post European Union finds Instagram, Facebook features breach regulations appeared first on Crypto Briefing.
The post Meta’s In-House AI Chip Sparks Rally in Chip Equipment Stocks appeared on BitcoinEthereumNews.com.
Key Highlights Meta is set to launch production of its proprietary AI chip, dubbed “Iris,” this September Semiconductor equipment manufacturers Applied Materials, Lam Research, and KLA each climbed more than 4% following the announcement Lumentum dominated S&P 500 gains with a 12% surge Wall Street analysts boosted price targets for Applied Materials and Lam Research in response Industry forecasts predict the wafer fabrication equipment sector will expand from $145 billion in 2025 to $250 billion by 2028 Meta Platforms revealed its intention to commence production of “Iris,” a custom-designed AI processor, beginning in September. The disclosure triggered a substantial rally in semiconductor equipment manufacturers on Thursday. Applied Materials, Lam Research, and KLA—all major suppliers of wafer fabrication equipment used to transform silicon wafers into functional microchips—exp
Meta's AI tool raises privacy concerns, potentially prompting regulatory scrutiny and user backlash, impacting Instagram's user engagement.
The post Meta launches AI image generator that automatically opts in every public Instagram account appeared first on Crypto Briefing.
