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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 […]
Read full articleAnthropic'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's cloud venture could reshape AI infrastructure dynamics, challenging existing providers and diversifying revenue beyond advertising. The post Meta builds cloud business to sell excess AI capacity appeared first on Crypto Briefing.
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.
US inflation is expected to peak in May 2026 as energy prices drop. Inflation at 3.8% in June priced at 46.8% YES. The post US inflation peak in May 2026 as energy prices drop: Kalshi traders 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.
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.
Meta's shift from metaverse to AI investment highlights evolving tech priorities, impacting infrastructure demands and investor sentiment. The post Meta shares rise 6% in premarket trading as Reality Labs gets the budget axe appeared first on Crypto Briefing.
Meta is developing plans for a cloud infrastructure business, selling access to AI compute power and models. The move would pit it against the big cloud providers like Amazon Web Services, Google Cloud, and Microsoft Azure.
