According to the New York Times, Meta has been classifying its massive data center construction projects as experimental 'pilot models' under a decades-old R&D tax credit, allowing it to claim billions in federal tax savings. The company reportedly saved $2 billion in 2024 and nearly $4 billion in its 2025 fiscal year, making it the largest known beneficiary of the credit among public companies, per securities filings cited by the Times.
futurism.com
· 2026-10-03
Meta shares sold off sharply since last Friday, cutting Mark Zuckerberg's paper fortune by roughly $20 billion after Goldman Sachs questioned the long-term payoff of Meta's heavy AI investment. The decline comes as Zuckerberg pushes deeper into AI, hiring veteran executive Chirantan Desai to lead a new division selling Meta's AI tools to corporate customers. Despite the drop, Meta's stock remains up more than 28 percent over the past month.
futurism.com
· 2026-10-01
Meta Platforms stock closed at $725.18 on Wednesday, up 27% from $572.34 at the end of August, marking its strongest monthly performance since November 2022. The rally followed the September 8 launch of Muse, Meta's personal AI agent app, which topped ChatGPT in Apple iOS downloads, and was reinforced by announcements at Meta's Connect conference and the hiring of former MongoDB CEO CJ Desai to lead a new enterprise AI unit.
cnbc.com
· 2026-09-30
President Trump and AI industry leaders including Meta's Mark Zuckerberg, Nvidia's Jensen Huang and Anthropic's Dario Amodei signed a voluntary 'Joint Commitment on Frontier Responsibilities' pledging safety controls for AI development. A photo of the signed document posted by Trump to Truth Social shows 'United States' spelled as 'Unites States' directly beneath his signature, while other signatories' names and companies are spelled correctly.
techcrunch.com
· 2026-09-30
President Trump announced a voluntary agreement signed at the White House by AI executives including Anthropic's Dario Amodei, Google's Sundar Pichai, Meta's Mark Zuckerberg, OpenAI's Greg Brockman, Nvidia's Jensen Huang and xAI's Elon Musk. The accord commits companies to internal controls, independent external audits, and board-level committees to review those audits, while leaving open the possibility of future codified regulation.
fastcompany.com
· 2026-09-30
A jury in State of New Mexico v. Facebook, Inc. found that Meta's Facebook violated the state's Unfair Practices Act more than 43 million times, tied to misleading statements about its data practices during the Cambridge Analytica scandal. Jurors determined Facebook misrepresented how it shared user data with third parties, profited from misinformation and hate speech while claiming to combat it, and made false statements about its internal Cambridge Analytica investigation. New Mexico Attorney General Raúl Torrez announced the verdict, which could expose Meta to significant financial penalties.
techspot.com
· 2026-09-30
President Trump said Mesabi Metallics will invest $15 billion to build what the White House describes as the largest steel plant of its kind in U.S. history, located in Iowa. A White House official told CNBC that production is expected to begin in 2030, with an initial phase producing about 7.5 million tons annually and supporting up to 6,000 construction jobs. Mesabi, based in Minnesota, said the plant would produce entirely American-made steel.
cnbc.com
· 2026-09-29
Meta's Mark Zuckerberg, Anthropic's Dario Amodei, Alphabet's Sundar Pichai, Nvidia's Jensen Huang and OpenAI's Greg Brockman are among tech executives expected at a Tuesday luncheon with President Trump and House Speaker Mike Johnson. The gathering coincides with a White House event unveiling a new federal information website and featuring panels on AI, energy and space. Anthropic co-founder Tom Brown will also attend, and Amodei reportedly had a private one-on-one dinner with Trump the previous evening.
cnbc.com
· 2026-09-28
Meta is creating a new enterprise business to sell its AI products and services to other companies, Mark Zuckerberg announced on Facebook. He named Chirantan "CJ" Desai, formerly of MongoDB, as Chief Enterprise Platform Officer to lead the unit, which will initially offer tools like Muse agent, Meta Business Agent, Muse API and Muse Code to businesses and developers.
engadget.com
· 2026-09-28
CJ Desai is leaving MongoDB, where he had served as CEO for less than a year, to become Meta's chief enterprise platform officer, reporting directly to Mark Zuckerberg. He will head Meta's newly announced Enterprise Platform, which aims to bring tools like Muse agent and Meta Business Agent to businesses and developers. MongoDB's board has installed former CEO Dev Ittycheria as interim president and CEO following the announcement.
cnbc.com
· 2026-09-28
At its annual Connect event, Meta unveiled Muse, a new personal AI agent, with CEO Mark Zuckerberg signaling the company's intent to embed AI features broadly across its products. TechCrunch's Equity podcast hosts discussed the launch, noting it arrived the same week as new model releases from OpenAI and Anthropic, which have focused more on coding and enterprise tools.
techcrunch.com
· 2026-09-27
Meta's newly rolled out Muse AI assistant can identify and cancel consumers' recurring subscriptions, folding that function into a broader personal-assistant tool rather than a standalone subscription-management app. The launch comes as U.S. consumer subscription spending has risen sharply, with Mastercard and FT Strategies reporting 44% of consumers increased subscription spending in 2025 to an average of $1,887 annually.
cnbc.com
· 2026-09-27
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