AI
Meta Strategy Chief Dave Wehner Leaves to Become CFO of AI Startup Fireworks
The former Meta finance chief, who joined in 2012, announced the move on X; Fireworks was valued at $17.5 billion in a July round.
Meta News
All Tech News Company coverage of Meta: the latest ai, cloud & infrastructure, deals & funding, markets news, with links to every original source.
AI
Meta Indefinitely Pauses Terms Update That Would Have Allowed Scraping Business Users' Sites
The November 20 changes drew injunctions in Norway and Brazil, a UK competition investigation and a letter from two U.S. senators, Nieman Lab reports.
Deals & Funding
Meta Launches $35 Billion Stock Offering as Part of Up to $95 Billion Equity Raise for AI
A further $60 billion at-the-market program in new non-voting Class C shares is planned for 2027; Nvidia, AMD and Broadcom have expressed non-binding interest in up to $5 billion of stock.
Markets
Meta Q3 Revenue Rises 26% to $64.6 Billion, Plans Non-Voting Class C Stock as Free Cash Flow Turns Negative
A $9.89 billion legal charge cut operating income by 37%, while capital spending reached $34.9 billion in the quarter.
Markets
Meta Ordered to Pay $25 Billion in New Mexico Case Tied to Cambridge Analytica, Reports Say
A judge ruled Wednesday after a jury found 43 million consumer-protection violations; Meta says it will appeal.
Cloud & Infrastructure
Meta Details Prometheus, Its Gigawatt-Scale AI Supercluster in Ohio
An engineering post describes hundreds of thousands of Nvidia GPUs in New Albany, a target of roughly 1 million, and the reliability, network and power work behind training the Muse models.
AI
Meta Releases Muse Spark Open, an 816-Billion-Parameter Open-Weight Model
The model is tuned to run locally on high-memory Apple hardware and is available now through several API platforms.
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