Meta - Asia Tech Wire

Meta

2025.03.07

22:05

According to The Information: Microsoft (MSFT.O) has begun testing models from XAI, Meta and DeepSeek as potential alternatives to OpenAI in Copilot.

13:06

According to the Financial Times: Meta plans to introduce improved speech capabilities in its latest open-source large-scale language model, Llama 4, which is expected to be launched in the coming weeks, people familiar with the matter said. The company is betting that the so-called artificial intelligence agents of the future will be conversational rather than text-driven.

05:03

The three major U.S. stock indexes fell collectively at the close, and large technology stocks fell across the board

The three major U.S. stock indexes fell collectively at the close, with the Dow Jones Industrial Average down 0.99%, the Nasdaq down 2.61%, and the S&P 500 down 1.78%. Large technology stocks fell across the board, with Broadcom down more than 6%, Tesla down more than 5%, Nvidia down more than 5%, Meta down more than 4%, and Amazon down more than 3%.

2025.03.06

01:42

Meta Platforms (META.O) Chief Product Officer: We hope to continue investing in graphics processors because they have many other uses besides pre-training.

01:25

Chief Product Officer of Meta Platforms (META.O): Meta AI is currently the most used artificial intelligence assistant on a monthly basis, with a total number of 700 million users.

2025.03.01

01:11

Tesla and Nvidia lead the rebound of the seven major US stocks

Tesla and Nvidia led the gains of the seven largest U.S. stocks on Friday. If the gains continue, the equally weighted large-cap tech index will end a six-session decline. Tesla shares rose as much as 3.9% on Friday, on track to end their longest losing streak since November. Meanwhile, Nvidia rose 1.3% after falling 8.5% the day before, its biggest one-day drop in a month. Among other stocks, Meta and Amazon rose about 0.3%, Alphabet was essentially flat, while Apple and Microsoft fell less than 1%. The Bloomberg Seven Index has fallen about 13% from its December high, exceeding the retracement line of 10%.

2025.02.28

09:00

Meta announces Aria Gen 2 AR smart glasses

Meta announced an AR smart glasses called Aria Gen 2, a research-oriented experimental product designed to advance machine perception, user-centric contextual artificial intelligence, and robotics. This product is mainly available to academic and commercial research laboratories and is expected to start testing in early 2026. It will not be sold to consumers.

07:41

Meta is said to launch a standalone AI application in the second quarter

On February 28, people familiar with the matter revealed that Meta plans to launch the Meta AI standalone application in the second quarter. Meta CEO Mark Zuckerberg plans to make the company a leader in artificial intelligence by the end of this year, ahead of competitors such as OpenAI and Alphabet. The Meta AI chatbot was launched in September 2023, and the company positioned it as a generative artificial intelligence digital assistant that can provide responses and create images based on user prompts in its existing applications.

05:02

The three major U.S. stock indexes fell collectively at the close, and Nvidia fell more than 8%

The three major U.S. stock indexes fell collectively at the close, with the Dow Jones Industrial Average down 0.43%, the Nasdaq down 2.78%, and the S&P 500 down 1.58%. Large technology stocks fell across the board, with Nvidia falling more than 8% and its market value falling below $3 trillion. Broadcom fell more than 7%, Tesla fell more than 3%, and Amazon, Google, and Meta fell more than 2%.

03:35

According to The Verge: Meta Platforms (META.O) fired about 20 people due to information leaks, and the company plans to lay off more employees.

2025.02.27

15:02

Meta raises bonus cap for top executives to twice their salary after slashing 3,600 jobs

American tech giant Meta is reportedly increasing the compensation of its executives while laying off a large number of employees. The company recently approved a plan to increase executive bonuses from 75% of base salary to up to 200%. According to a recent filing by Meta with the U.S. Securities and Exchange Commission (SEC), the company's goal is to better align executive compensation with company priorities and industry standards. But the timing is surprising because just a week before the announcement, Meta laid off 3,600 employees, about 5% of its total workforce. Meta's board of directors defended the move in the filing, saying that before the change, its executives were paid much less than other tech giants.

13:32

TSMC is considering investing in Furiosa AI, a South Korean artificial intelligence chip design startup that is in acquisition talks with Meta, according to people familiar with the matter.

00:33

Meta Platforms (META.O): The company's education version is now online.

2025.02.26

08:50

Meta is in talks for a $200 billion AI data center project

Meta is in talks for a $200 billion artificial intelligence data center project.

08:50

According to The Information: Meta Platforms (META.O) discussed a $200 billion artificial intelligence data center project.

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