Elon Musk and Sam Altman are fighting again. And this time over chat with Meta CEO Mark Zuckerberg. Lawyers for Elon Musk are asking a U.S. judge to prevent OpenAI from obtaining documents from rival tech giant Meta Platforms, reigniting a legal skirmish that pits the billionaire against the artificial intelligence company he co-founded. The…
The world’s largest hedge fund, Bridgewater Associates, sold all of its holdings in US-listed Chinese companies in the second quarter, marking a decisive retreat from the market as geopolitical tensions and shifting investor sentiment clouded the outlook for the world’s second-largest economy. The fund exited positions in 16 Chinese stocks, which were worth US$1.41 billion…
Facebook-parent Meta (META) rose more than 3% on Tuesday to close at a fresh high of $790 per share as the company doubles down on artificial intelligence (AI) efforts. Meta shares jumped following the release of its second quarter results at the end of July, as the company beat expectations. Read more: FTSE 100 LIVE:…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Meta Platforms Inc. (NASDAQ:META) owns and operates several prominent social media platforms and communication services, including Facebook, Instagram, and WhatsApp. It is set to report its Q3 2025 earnings on Oct. 29. Wall Street analysts expect the company…
Taiwan prosecutors arrested six people suspected of stealing trade secrets from Taiwan Semiconductor Manufacturing Co (TSMC), opening an investigation into a potential breach of national security involving a global tech industry linchpin. The chipmaker to Nvidia reported a number of former and current staff to authorities on suspicion they illegally obtained core technology. A total…
Facebook parent Meta Platforms, a major proponent of open-source artificial intelligence (AI) models with its Llama family, has indicated it would be more “careful” going down the open-source road, a move that contrasts with China’s embrace of open-source. In fact, China has probably found the path to “surpass the US in AI” thanks to the…
LONDON (Reuters) -Shares in artificial intelligence heavyweights Microsoft and Meta Platforms both surged in European trading on Thursday, after blowout quarterly results after-market on Wednesday. Meta shares surged 12.2% in Frankfurt after it forecast quarterly revenue well ahead of Wall Street expectations. Microsoft shares jumped 9%, as surging Azure cloud computing revenue above analysts’ expectations,…
By Noel Randewich (Reuters) -Wall Street’s AI heavyweights added a combined half a trillion dollars in stock market value late on Wednesday after quarterly reports from Microsoft and Meta Platforms showed massive investments in the emerging technology were paying off. In extended trade, Microsoft jumped 8% and Meta surged 9%, with the two Magnificent Seven…
Meta Platforms, Inc. (NASDAQ:META) is one of the AI Stocks Making Waves on Wall Street. On July 23, Benchmark analyst Mark Zgutowicz raised the firm’s price target on the stock to $800 from $640 and kept a “Buy” rating on the shares. Discussing the Q2 results and guidance due on July 30, the firm said that it…
WASHINGTON (AP) — President Donald Trump said Friday that he’s suspending trade talks with Canada over its plans to continue with its tax on technology firms, which he called “a direct and blatant attack on our country.” Trump, in a post on his social media network, said Canada had just informed the U.S. that it…