Shares of Meta Platforms (META 1.11%) have delivered explosive returns to investors since bottoming out in 2022, and the stock continues to hit new highs. The stock surged recently after the company reported strong revenue and earnings performance in the fourth quarter.
New court filings in an AI copyright case against Meta add credence to earlier reports that the company “paused” discussions with book publishers on licensing deals to supply some of its generative AI models with training data.
Meta is reportedly forming a new team that will be devoted to developing artificial intelligence-powered humanoid robots. The team will be within the company's Reality Labs hardware division, Bloomberg reported Friday (Feb. 14), citing unnamed sources.
Daniel Loeb's Third Point hedge fund sold off its position in Apple in the fourth quarter, while boosting its holdings in electric-vehicle maker Tesla and social-media giant Meta Platforms.
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) is launching a new division within its Reality Labs unit to develop AI-powered humanoid robots capable of assisting with physical tasks, according to an internal memo viewed by Reuters on Friday. The Facebook parent company joins a growing field of humanoid robotics competitors, including Nvidia-backed Figure AI and Tesla, as advanced AI models...
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