Meta’s Muse Glimmer is a 30-billion-parameter open-weight AI agent running locally on consumer GPUs under Apache 2.0, paired with Mark Zuckerberg’s broadside against closed-AI-lab strategies.
Tag: Meta
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Meta Revenue Rises 28% but Profits Fall 14% as AI Spending Tops $31 Billion
Meta Platforms reported Q2 revenue of $60.8 billion, beating estimates, but net income dropped 14% and free cash flow fell to just $784 million as capital expenditure hit $31 billion and full-year guidance was raised to $145 billion.
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Meta’s Iris AI chip enters mass production at TSMC’s 2nm node in September
Meta begins manufacturing its custom Iris AI chip at TSMC’s 2nm node in September 2026, aiming to double AI compute capacity while reducing reliance on Nvidia GPUs.
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Meta eyes cloud compute market as shares jump 9% on AI infrastructure monetisation plan
Meta shares rose 8.8% on reports the company plans to sell spare GPU capacity and hosted AI models under a Meta Compute brand, sending CoreWeave and Nebius shares sharply lower.
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EU orders Meta to restore WhatsApp access for rival AI chatbots
The European Commission on June 9 issued interim measures ordering Meta to reinstate third-party AI assistants to the WhatsApp Business API within five days, citing antitrust concerns over fees deemed economically unsustainable for competitors.
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Meta refuses to sign the EU’s AI Code of Practice as August enforcement approaches
Meta’s Chief Global Affairs Officer Joel Kaplan publicly declined to sign the voluntary Code of Practice for general-purpose AI models, calling it legally uncertain and beyond the AI Act’s scope — a position that puts the company on a collision course with the European AI Office ahead of the August 2 enforcement date.