Meta

Meta Platforms, formerly known as Facebook, is a technology conglomerate based in Menlo Park, Calif. The company owns and operates Facebook, Instagram, Threads and WhatsApp, among other products and services. Meta is one of the world’s most valuable companies and is among the 10 largest publicly traded corporations in the U.S. It is considered one of the Big Five, alongside Google parent company Alphabet, Amazon, Apple and Microsoft.
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Exclusive

Meta’s AI Incubator Is Developing an OpenRouter Rival to Cut Coding Costs

By Jyoti Mann · Jul 21, 2026 3:36pm PDT
Meta Platforms’ internal incubator for AI-powered products and tools is developing a version of the OpenRouter service that would help cut costs by sending some AI tasks to lower-cost models. The incubator, called AAI Labs, is part of Meta’s Applied AI Engineering team, which Meta set up in March and allows employees to pitch AI-powered products... Meta Platforms’ internal incubator for AI-powered products and tools is developing a version of...
Mark Zuckerberg. Getty Images.
The Briefing

Meta’s Louisiana Purchase

By Martin Peers · Jul 13, 2026 5:01pm PDT
You have to admire Meta Platforms’ public relations savvy. Its Monday announcement that it was putting an additional $40 billion into its giant Louisiana data center—making its total investment in the facility $50 billion—was perfectly designed to win over what has become a critical constituency in the data center market: local communities. “... You have to admire Meta Platforms’ public relations savvy. Its Monday announcement that it was...
Meta CEO Mark Zuckerberg. Tom Williams/CQ-Roll Call/Getty Images.
The Briefing

Meta Finds a New Way to Spend a Fortune on AI

By Martin Peers · Jul 9, 2026 5:01pm PDT
The AI laggards are going on the offensive! Meta Platforms on Thursday unveiled its latest AI model, Muse Spark 1.1, a day after SpaceX’s AI unit introduced a new model of its own. Like SpaceX, Meta claimed its new model delivers performance comparable to that of established models from AI labs such as OpenAI, Anthropic and Google. We’ll have to... The AI laggards are going on the offensive! Meta Platforms on Thursday unveiled its latest AI...
Mark Zuckerberg, left, and Satya Nadella. Photos via Getty Images
The Briefing

Meta Could Learn Cost Control From Microsoft

By Martin Peers · Jul 29, 2026 5:01pm PDT
Talk about a tale of two companies. Today’s June-quarter earnings reports from Meta Platforms and Microsoft showed very different approaches to cost control, a discipline that may never be more important for big tech companies. Meta, whose CEO Mark Zuckerberg seems to have a you-only-live-once approach to AI investment, reported a 55% surge in... Talk about a tale of two companies. Today’s June-quarter earnings reports from Meta Platforms and...