In its bid to spend less on GPUs from providers like Nvidia, Meta is on track to start making its the latest versions of its AI-specific chips in September.

Meta Platforms is reportedly going to sell its excess cloud computing capacity, a move that could open a multibillion-dollar business opportunity for the company.

Meta is upgrading its Muse Spark artificial intelligence model under the leadership of AI chief Alexandr Wang.

The new image-generating model has numerous use cases, including advertising, decorating and creator-based opportunities.

Artificial intelligence spending has entered a new phase. The industry’s biggest technology companies are no longer debating whether to build more infrastructure — they’re competing to build it faster than everyone else.

Meta launches Muse Spark 1.1, its advanced agentic AI and coding model, with public API access, multimodal support and competitive pricing for developers.

Meta is developing plans to launch a cloud infrastructure business that would allow companies to rent AI computing power and access its AI models.

Alexandr Wang said the upcoming Muse Spark update will significantly improve coding and agentic capabilities, while analysts say the model could give enterprises a lower-cost alternative to OpenAI and Anthropic.

After unveiling its first artificial intelligence model under the leadership of AI chief Alexandr Wang, Meta is now rolling out a major update as it intensifies its efforts to compete with rivals OpenAI and Anthropic in the race for AI supremacy.

Meta (META) launches Pocket, a new AI social app for creating interactive mini-games called gizmos. Stock holds Strong Buy rating with 40% upside potential.