Category : Search result: Meta AI chips


Meta Buys Limitless, Maker of AI Recording Pendant

Meta acquires AI startup Limitless, maker of a $99 wearable pendant that records conversations and generates summaries. This signals Meta's push into AI hardware beyond Ray-Ban glasses. Read more.

Samsung Overtakes SK Hynix as Global DRAM Leader

Samsung Electronics is set to reclaim the No. 1 spot in the global DRAM market by revenue in Q4 2024, driven by a projected operating profit exceeding $12.2 billion. Discover the AI chip battle details.

Meta's Phoenix Glasses Delayed to 2027

Meta postpones its Phoenix mixed-reality glasses launch to 2027 for a polished device. The lightweight goggles face budget cuts in the metaverse division. Read the full report.

Meta Cuts 30% from Metaverse, Shifts Billions to AI

Mark Zuckerberg announces deep cuts to Reality Labs and January layoffs after $70B metaverse losses. Meta pivots billions to AI like Llama and smart glasses. Investors cheer as stock jumps 6%. Read the full story.

Meta to Slash Metaverse Budget by Up to 30%

Meta Platforms is planning deep cuts to its metaverse division, including Horizon Worlds, with potential layoffs. The shift comes as the company refocuses on AI. Read the full report.

US Drops GAIN AI Act After Nvidia's Lobbying

Nvidia CEO Jensen Huang's lobbying pays off as US lawmakers exclude the GAIN AI Act from defense bill. The proposed law would have forced chipmakers to prioritise US customers over China. Read the full story.

Marvell Rallies on AI Chip Orders, $3.25B Acquisition

Marvell Technology's stock surged over 15% after forecasting strong AI custom chip growth and announcing a $3.25 billion deal to acquire Celestial AI. CEO predicts $10 billion revenue next fiscal year.

Nvidia Unfazed as Google AI Chips Lure Meta

Nvidia responds to reports Meta may use Google's custom AI chips, downplaying competitive threat. Details on the potential market shift and stock impact inside.

China Bans ByteDance from Using Nvidia Chips

Chinese regulators prohibit ByteDance from using Nvidia chips in new data centres as Beijing accelerates push for domestic AI chip ecosystem amid US trade tensions.

Google Challenges Nvidia in AI Chip Market

Alphabet surges as Meta considers Google's AI chips, challenging Nvidia's dominance. Stock market reacts with Dow's biggest gain since August. Read analysis.

Larry Page Now World's 2nd Richest Person

Google co-founder Larry Page dethrones Oracle's Larry Ellison to become world's second-wealthiest person with $267.5 billion net worth as Alphabet shares hit record highs amid AI chip deals.

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