Meta to create a new class of shares to fund AI push
Meta says it's issuing a new class of shares to fund its AI initiatives. As part of its third-quarter earnings report released on Wednesday, the company says the non-voting stock will also go toward potential acquisitions and employee compensation, with trading beginning in 2027. "The scale of investment required to compete, sustain growth, expand infrastructure, and pursue new strategic initiatives amidst the AI transformation taking place in the industry is significant," Meta says in the press
Key Takeaways
- Meta to create a new class of shares to fund AI push.
- Meta says it's issuing a new class of shares to fund its AI initiatives.
- Susan Li, Meta's chief financial officer, added during an earnings call that the new class of shares will "expand our funding tools and gi … Read the full story at The Verge.
Meta says it's issuing a new class of shares to fund its AI initiatives. As part of its third-quarter earnings report released on Wednesday, the company says the non-voting stock will also go toward potential acquisitions and employee compensation, with trading beginning in 2027. "The scale of investment required to compete, sustain growth, expand infrastructure, and pursue new strategic initiatives amidst the AI transformation taking place in the industry is significant," Meta says in the press release. Susan Li, Meta's chief financial officer, added during an earnings call that the new class of shares will "expand our funding tools and gi … Read the full story at The Verge.
Read Complete Original Article
Published originally on The Verge
Related News
बेलायतको प्रतिस्पर्धा नियामकले माइक्रोसफ्टको व्यावसायिक सफ्टवेयरमाथिको नियन्त्रणलाई चुनौती दिने
बेलायतको प्रतिस्पर्धा नियामकले माइक्रोसफ्टलाई व्यावसायिक सफ्टवेयर क्षेत्रमा ‘रणनीतिक बजार हैसियत’ प्रदान गर्ने प्रस्ताव गरेको छ। यसले अमेरिकी प्रविधि कम्पनीले एक्सेल, टिम्स र कोपाइलट कृत्रिम बुद्धिमत्ता सहायकजस्ता उत्पादनलाई एकै प्याकेजमा उपलब्ध गराउने तरिकामा हस्तक्षेप गर्ने बाटो खोल्न सक्छ। बेलायतमा हरेक महिना करिब दुई करोड मानिसले प्रयोग गर्ने सफ्टवेयरमा माइक्रोसफ्टको स्थानले प्रतिस्पर्धालाई असर गरेको छ वा छैन भन्ने विषयमा प्रतिस्पर्धा तथा बजार प्राधिकरण (सीएमए) ...
एनस्केल र एन्थ्रोपिकबीच थप ४५ अर्ब डलरको एआई कम्प्युटिङ सम्झौताको तयारी
कृत्रिम बुद्धिमत्ता (एआई) कम्पनी एन्थ्रोपिक र एआई पूर्वाधार प्रदायक एनस्केलबीच थप ४५ अर्ब अमेरिकी डलरको कम्प्युटिङ सम्झौता गर्ने विषयमा छलफल भइरहेको छ। ब्लूमबर्गले यस विषयमा जानकार व्यक्तिहरूलाई उद्धृत गर्दै सोमबार सार्वजनिक गरेको समाचारअनुसार दुवै कम्पनी अर्को ठूलो सम्झौता घोषणा गर्ने चरणमा पुगेका छन्। यद्यपि, छलफल अझै जारी रहेकाले सम्झौताका विवरण परिवर्तन हुन सक्ने स्रोतहरूले बताएका छन्। यसअघि गत अगस्ट २६ मा एन्थ्रोपिक ...
Apple's foldable iPhone launches in Australia - 7NEWS
Apple's foldable iPhone launches in Australia 7NEWS
Every wild thing I learned about the iPhone Duo by answering your AMA questions - TechRadar
Every wild thing I learned about the iPhone Duo by answering your AMA questions TechRadar
All Information In One Place
Real-time headlines from trusted sources. Get the app now — stay updated, inspired, and ahead with breaking news!
