Meta invests $900M into Indian fintech Cred for a ~20% stake, and plans to appoint Cred founder Kunal Shah as the leader of WhatsApp, replacing Will Cathcart
Meta Platforms Inc. is investing $900 million into Indian fintech startup Cred, with plans to appoint its founder, Kunal Shah, the new leader of WhatsApp.
Sources: the early Chinese backers of Manus, including HSG, ZhenFund, and Tencent, plan to buy the AI startup back from Meta at the $2B price Meta paid
Sources: Meta is under contract to buy roughly 1.6 GW of computing capacity from Crusoe across two data centers in Texas and Missouri
Sources: Meta is under contract to buy roughly 1.6 GW of computing capacity from Crusoe across two data centers in Texas and Missouri
Meta Platforms Inc. has secured new agreements to get AI computing power from data center developer Crusoe, bolstering the infrastructure it needs to support …
Sources: the early Chinese backers of Manus, including HSG, ZhenFund, and Tencent, plan to buy the AI startup back from Meta at the $2B price Meta paid
The early Chinese backers of AI firm Manus are planning to buy the firm back from Meta Platforms at the $2 billion price Meta paid …
An interview with Corning CEO Wendell Weeks on risk-sharing provisions that protect the company in multibillion-dollar fiber deals with Nvidia, Meta, and Amazon
An interview with Corning CEO Wendell Weeks on risk-sharing provisions that protect the company in multibillion-dollar fiber deals with Nvidia, Meta, and Amazon
Sources: Meta has completed an operational split with Manus and stopped data sharing; Manus is exploring options, including raising ~$1B to fund a buyback
Meta Platforms Inc. has completed an operational split from Manus and halted data sharing between the two companies …
Sources: Manus' co-founders are in talks to raise $1B+ to buy back the Chinese-founded startup, after Beijing ordered Meta to unwind its $2B Manus acquisition
The co-founders of Manus are exploring options to fulfill Beijing's demand to unwind a controversial takeover by Meta Platforms Inc. …