Meta Platforms (META) is moving another step closer to building its AI future on its own technology. According to a recent Reuters report, the company plans to begin production of its custom AI chip named “Iris” beginning in September.

The new business is a welcome signal for some investors who have been uneasy about the company's infrastructure spending plans.

In an internal memo seen by WIRED, Bosworth promised employees more stability, better communication, and the return of workplace perks as the company seeks to improve morale.

Meta's earnings delivered a familiar message to investors: Expect capex spending to balloon to new heights as the company sprints full tilt in the AI race. The company delivered a beat for the first quarter, with revenue of $56.3 billion that topped Wall ...

Meta shares dropped after the Financial Times reported the company could potentially raise tens of billions of dollars in a stock offering to help its AI push.

Meta's new smart glasses are like if "the worst person you know just made a really point" could be worn on your face.

Meta's chief revenue officer is leaving at a time when Wall Street has become more concerned about the return on AI investments Meta's stock is at risk of wiping out all its year-to-date gains. As Meta Platforms steps up its efforts to make money off of ...

By Katie Paul NEW YORK, June 17 (Reuters) - A Meta executive overseeing a key piece of its AI-related restructuring is leaving the company, according to an internal announcement seen by Reuters on Wednesday.

Meta, the parent company of Instagram and Facebook, is appealing the verdict of a landmark social media addiction lawsuit in Los Angeles.