Meta

The S&P 500 closed at a fresh all-time high of 7,209.01, buoyed by strong earnings from Apple and Alphabet. Meta Platforms dropped 8.6% on capex concerns, while oil prices fell amid Iran negotiations.

Meta Ray-Ban prescription smart glasses open U.S. preorders at . Wearable AI moves from concept to mainstream consumer pricing. Prescription version removes key barrier, expanding addressable market to 166 million Americans needing vision correction.

Meta launches Muse Spark as first flagship model from Meta Superintelligence Labs. Strategic pivot from Llama open-source approach to proprietary superintelligence platform play. Built around multimodal reasoning, tool use, and multi-agent workflow capabilities.

Apple is reportedly testing four different smart-glass designs with premium materials, as the company prepares for AR glasses public reveal by end of 2026 and consumer availability in 2027. Meanwhile, Meta cuts Ray-Ban prescription glasses to $499, intensifying competition in wearable AI.

Meta launches Muse Spark, most powerful model led by Alexandr Wang. Beats GPT-5.4 and Claude Opus 4.6 on vision benchmarks. Features visual chain-of-thought, multi-agent orchestration. Controversial proprietary launch.

Meta commits additional $21B with CoreWeave for AI compute infrastructure. Part of ongoing race for AI infrastructure among major technology companies. The partnership provides GPU computing resources for AI model training and deployment.

Mercor, $10B AI startup providing training data to OpenAI and Anthropic, confirms major data breach linked to supply chain attack on LiteLLM project; compromised by TeamPCP hacking group; exposed training methodologies and labeling protocols for AI models worth billions; Meta paused all Mercor work.

Meta Platforms announced 3,600 layoffs across WhatsApp, Instagram, and Facebook teams, even as the company reported spending $11.7 billion on stock buybacks. CEO Zuckerberg described AI infrastructure investment as requiring layoffs to fund, suggesting more cuts may follow.

Arm Holdings has unveiled its first-ever in-house-designed data center processor, the AGI CPU, marking a historic strategic shift. With Meta as launch partner and $15B annual revenue projected within five years, Arm directly challenges Nvidia's AI accelerator dominance.

A Los Angeles jury found Meta and Google liable for harming children's mental health through addictive platform design, ordering the companies to pay $3 million in damages in the first case to hold social media companies accountable for platform design choices.

Meta's acquisition of Chinese-founded AI startup Manus for over $2 billion highlights the escalating battle for AI talent, as the startup relocated to Singapore before sealing its deal with the US tech giant.

Meta Platforms is cutting several hundred jobs across sales, marketing, and corporate teams while simultaneously accelerating unprecedented investment in artificial intelligence capabilities.

Arm has announced its first own semiconductors, the Arm AGI CPU, targeting agentic AI workloads with double the performance per watt of Intel and AMD x86 alternatives. Meta, OpenAI, and Cerebras are among the first customers.