- Meta (META): BofA plans up to 650 GW of AI computing in 2026 (≈550 GW H2) and approximately $22 billion per GW in capital spending in 2026, citing an internal memo showing falling AI infrastructure costs. Pointed out by Iris from the internal chip project. 1 2
- Meta must terminate its roughly $2 billion contract with Manus AI following an order from Chinese regulators. Tencent is in talks to buy Manas, valuing it at more than $2 billion and potentially becoming its largest shareholder. 3
- Meta has introduced Muse Spark 1.1 and plans to expand its computing power, increasing traders’ interest in potential third-party computing sales and reducing overall computing costs. 4
- Ahead of its second-quarter results, HSBC named Meta Platforms (META) as a top pick for earnings season, citing the company’s unique growth drivers and favorable position for the reporting period. 5
- Meta Platforms (META) has removed Muse Image AI, which generates images from Instagram’s public content, admitting it “missed the mark” in its user controls after criticism and privacy concerns. 6
- Meta Platforms (META) is listed as a Mercor customer and uses Mercor’s services to generate, label, and review AI training data related to machine learning models. 7
- Chief Data Officer Alex Schultz said Meta is building business agents and testing stablecoin payments to enable agent-driven commerce. 8
