Meta builds cloud business to sell excess AI capacity

Cerebras' growth highlights the increasing demand for AI infrastructure, emphasizing the need for robust execution to maintain investor confidence. The post Cerebras Systems reports strong growth after OpenAI partnership appeared first on Crypto Briefing.

Anthropic's Mythos 5 and Fable 5 are back online Wednesday after the company said it had productive conversations with the US government. Kevin Warsh makes his first public appearance as Federal Reserve chairman. And shares of Meta rise after news that the company is building out a new cloud business.

Meta chief executive Mark Zuckerberg approached prediction-market leader Kalshi about a takeover before ordering his own team to build a competing app, according to a new report. How a buy-then-build turned into a contested market NPR reported Monday that Zuckerberg met Kalshi co-founder and CEO Tarek Mansour last year to discuss buying the exchange as […]

Meta's appointment of a Chief Data Officer highlights the growing importance of data governance amid complex global privacy regulations. The post Meta appoints Alex Schultz as first chief data officer appeared first on Crypto Briefing.

Meta shares rose more than 10% as the company developed plans to sell AI models and computing capacity through a new cloud infrastructure business. The post Meta shares jump 10% on plans to sell AI computing power appeared first on Crypto Briefing.

The US's massive AI infrastructure investment could solidify its tech dominance, influencing global economic power dynamics and innovation leadership. The post US forecasts $1T AI infrastructure spending by 2027, outpacing China by a factor of ten appeared first on Crypto Briefing.

AI infrastructure demand reshapes commodity inflation dynamics, potentially altering economic policies and inflation forecasts globally. The post AI infrastructure demand drives commodity inflation as oil prices decline appeared first on Crypto Briefing.

Meta's capex cuts in the metaverse signal a strategic pivot towards AI, potentially reshaping its financial landscape and investor confidence. The post Meta shares open 8% higher as company plans capex cuts appeared first on Crypto Briefing.