Meta threatens New Mexico shutdown
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Meta, AI spend
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The Assured Robot Intelligence team will join Meta Superintelligence Labs and work alongside Meta Robotics Studio on in-house humanoid hardware and AI
A single line in Meta's guidance wiped out billions in market cap while the underlying business barely budged.
MENLO PARK — As Meta Platforms reports billions in revenue amid plans to cut thousands of positions worldwide, the tech giant announced that it will pause its development of a new Menlo Park mixed-use neighborhood that was planned near the company’s headquarters.
Meta should not have removed advertisements from attorneys seeking clients that claim they were harmed by social media platforms, two U.S. senators said on Friday in a letter to CEO Mark Zuckerberg.
Mark Zuckerberg says Meta's plan to cut about 10% of its workforce is tied to increased AI investment, while leaving the door open to additional layoffs.
Meta bought ARI, a robotics AI startup, and folded it into Superintelligence Labs. The goal: be the platform every humanoid manufacturer needs.
Despite a better-than-expected revenue, Meta Platforms said it’s disappointed in its user numbers, citing “internet disruptions in Iran.” The company experienced its fastest growth since 2021 in its first quarter of 2026,