Meta Platforms, Inc. (META)[Tv]

Key Developments

• Meta secured a landmark 20-year virtual power purchase agreement with Constellation Energy to fuel its AI infrastructure, marking a strategic move to secure energy supply and reduce operational risk in the AI era—critical for sustaining its massive AI expansion.
• Meta launched Muse Wonder and Muse Wonder Full AI models, achieving a strong Day-1 user retention rate of 73.3%, signaling robust product-market fit and positioning Meta as a direct competitor to OpenAI and Google in the generative AI space.
• Meta announced a revised 2026 capital expenditure guidance of $130–145 billion, with $31.1 billion already spent in Q2—underscoring its unprecedented commitment to AI hardware, data centers, and in-house chip development, including a $14.3 billion acquisition of Scale AI’s team.
• Amazon blocked Meta’s Muse AI agent from making purchases on its platform, exposing a critical vulnerability in Meta’s cross-platform commerce ambitions and raising serious concerns about gatekeeper power and trust in AI-driven transactions.
• A New Mexico jury found Meta liable for deceptive privacy practices, with potential penalties reaching $219.5 billion—representing the most severe legal threat to date against the company’s data-driven ad business and core AI model.