Welcome to the Brussels Edition. I’m Suzanne Lynch, Bloomberg’s Brussels bureau chief, bringing you the latest from the EU each weekday. Make sure you’re signed up . Group of Seven leaders are holding talks this afternoon to discuss the impact of the Iran war on energy supplies as governments across the EU seek ways of limiting the short-term fallout for their constituents. In an effort to contain...
Welcome to the Brussels Edition. I’m Suzanne Lynch, Bloomberg’s Brussels bureau chief, bringing you the latest from the EU each weekday. Make sure you’re signed up . Group of Seven leaders are holding talks this afternoon to discuss the impact of the Iran war on energy supplies as governments across the EU seek ways of limiting the short-term fallout for their constituents. In an effort to contain the spike in oil prices triggered by the conflict, the International Energy Agency (IEA) has proposed its members release emergency oil reserves of as many as 400 million barrels, which would be the largest such move in the organization’s history. The EU, whose top officials will represent the bloc in the G-7 talks, will convene its oil coordination group tomorrow. Earlier today, European Commission President Ursula von der Leyen said the EU executive is exploring measures to try to weaken the influence of natural gas on power costs across the region – including a possible cap on the price. “It is crucial that we reduce the cost impact, when gas sets the electricity price,” von der Leyen said in a speech at the European Parliament in Strasbourg. “We are preparing different options: better use of Purchase Power Agreements and contracts for difference; state aid measures; exploring subsidizing or capping the gas price,” she added. The EU created an emergency gas-price cap mechanism during the energy crisis that followed Russia’s full-scale invasion of Ukraine four years ago, though it was never deployed. Von der Leyen also defended the EU’s Emissions Trading System (ETS), the cornerstone of the bloc’s green agenda, against criticism from business groups. “Without ETS we would now consume 100 billion cubic meters more gas, again making us more vulnerable, more dependent and weaker,” von der Leyen said. “So we need ETS. But we need to modernize it.” More immediate measures being enacted across the region to stem rising prices include a profit-margin cap on fuel and groceries f...
Where do Tottenham Hotspur go from here? A calamitous 5-2 defeat by Atletico Madrid in the Champions League on Tuesday marked a new low point in Spurs' shambolic season. On Wednesday, Tottenham said interim manager Igor Tudor would speak with the media on Friday at a news conference before the club's Premier League match at Liverpool. Tudor, hired in part for having a positive short-term impact at...
Where do Tottenham Hotspur go from here? A calamitous 5-2 defeat by Atletico Madrid in the Champions League on Tuesday marked a new low point in Spurs' shambolic season. On Wednesday, Tottenham said interim manager Igor Tudor would speak with the media on Friday at a news conference before the club's Premier League match at Liverpool. Tudor, hired in part for having a positive short-term impact at the clubs he has managed, has overseen four consecutive defeats in a dismal 25-day reign since succeeding Thomas Frank on 14 February. While hopes of Champions League progress appear in tatters following their latest chastening defeat, it is Tottenham's Premier League situation which remains most pressing. It is the need to avoid an unthinkable first relegation from the top flight since 1977 which will inform the club's next steps. Just 10 months after winning the Europa League, Spurs sit one point above the relegation places with nine games remaining. "In footballing terms, this is an absolute crisis that Tottenham are in," commentator John Murray said on BBC Radio 5 Live. With Tudor struggling to improve the club's fortunes, and little evidence of progress, is there anyone else Spurs could realistically call upon to rescue their season?
SAN FRANCISCO, March 11 (Reuters) - Meta Platforms on Wednesday unveiled a roadmap of four new chips that the company is making in-house, as it rapidly expands its data centers. Like many big tech companies such as Alphabet and Microsoft, Meta has invested heavily in building a team that can design chips in-house in addition to purchasing off-the-shelf products made by Nvidia and Advanced Micro ...
SAN FRANCISCO, March 11 (Reuters) - Meta Platforms on Wednesday unveiled a roadmap of four new chips that the company is making in-house, as it rapidly expands its data centers. Like many big tech companies such as Alphabet and Microsoft, Meta has invested heavily in building a team that can design chips in-house in addition to purchasing off-the-shelf products made by Nvidia and Advanced Micro Devices. Making chips designed to tackle the specific types of data crunching Meta requires can lead to designs that use less energy and at a better cost. The new chips are part of the company's Meta Training and Inference Accelerator (MTIA) program and the first of the new chips called the MTIA 300 is in use powering the company's ranking and recommendation systems. The other three will be rolled out this year and in 2027, with the final two chips, the MTIA 450 and 500 being designed to perform inference, the process when an AI model such as the one that powers the ChatGPT app responds to customer queries and requests. "We see inference demand exploding at the moment and that's what we're currently focused on," Yee Jiun Song, Meta's vice president of engineering, said in an interview. Meta has had some success with inference chips but has struggled with its long-time ambitions to make a generative AI training chip, capable of building the large models that power AI apps. Beginning with the MTIA 400, which the company says is on the path to being used in its data centers, Meta has designed an entire system around the chips, which is roughly the size of several server racks and includes a version of liquid cooling. The company plans to release the new chips at six-month intervals because it is rapidly expanding the number of data centers it uses to run apps like Instagram and Facebook, Song said. "That is the reality of how quickly our infrastructure is being built out," Song said. The company said in January it expects capital spending of between $115 billion...
(RTTNews) - A report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased in line with economist estimates in the month of February. The Labor Department said its consumer price index climbed by 0.3 percent in February after rising by 0.2 percent in January. The growth matched expectations. The report also said the annual rate of growth by consumer prices came...
(RTTNews) - A report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased in line with economist estimates in the month of February. The Labor Department said its consumer price index climbed by 0.3 percent in February after rising by 0.2 percent in January. The growth matched expectations. The report also said the annual rate of growth by consumer prices came in at 2.4 percent in February, unchanged from January and in line with estimates. "February CPI readings as expected were subdued but given the disruption to energy supplies from the Iranian conflict the focus is on the extent and duration of the boost to inflation in the coming months," said Nationwide Chief Economist Kathy Bostjancic. She added, "We see an increasing risk that CPI inflation accelerates to over 4% (year-over-year) in the coming few months, before easing back in the following months." The monthly increase by consumer prices partly reflected a rebound by energy prices, which grew by 0.6 percent in February after tumbling by 1.5 percent in January. Food prices also climbed by 0.4 percent in February after rising by 0.2 percent in January, reflecting higher prices for both food at home and food away from home. Excluding the increases in food and energy prices, core consumer prices rose by 0.2 percent in February after increasing by 0.3 percent in January, which was also in line with estimates. The annual rate of growth by core consumer prices was unchanged from the previous month at 2.5 percent, matching expectations. The uptick in core prices reflected a 0.2 percent increase in shelter costs as well as higher prices for medical care, apparel, household furnishings and operations, airline fares, and education. Meanwhile, prices for communication, used cars and trucks, motor vehicle insurance, and personal care were among those that decreased in February, the Labor Department said. The views and opinions expressed herein are the views and opinions of the autho...
Rugby Special's Ugo Monye, John Barclay and Sam Warburton look ahead to a "blockbuster" Super Saturday, when the three-horse race for the 2026 Six Nations title comes to ahead.
Rugby Special's Ugo Monye, John Barclay and Sam Warburton look ahead to a "blockbuster" Super Saturday, when the three-horse race for the 2026 Six Nations title comes to ahead.
(RTTNews) - Stock of The Campbell's Company (CPB) is moving down about 6 percent during Wednesday morning trading following the announcement of its second-quarter financial results, which saw a decline in earnings to $145 million, or $0.48 per share, from last year's $173 million, or $0.58 per share. The company's stock is currently trading at $23.20, down 6.00 percent or $1.49, over the previous ...
(RTTNews) - Stock of The Campbell's Company (CPB) is moving down about 6 percent during Wednesday morning trading following the announcement of its second-quarter financial results, which saw a decline in earnings to $145 million, or $0.48 per share, from last year's $173 million, or $0.58 per share. The company's stock is currently trading at $23.20, down 6.00 percent or $1.49, over the previous close of $24.68 on the Nasdaq. It has traded between $23.27 and $40.59 in the past one year. Additionally, the company trimmed its adjusted earnings and organic net sales guidance for the full-year 2026, expecting adjusted earnings in a range of $2.15 to $2.25 per share on organic net sales decline of 2 to 1 percent. Previously, the company expected adjusted earnings in the range of $2.40 to $2.55 per share on organic net sales between down 1 percent and up 1 percent. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
No longer under the tyranny of compression fit leggings, today’s athleisure is something looser, with a wink of nostalgia Athleisure is not to be confused with serious fitness wear. No one is running a marathon or playing a game of football in the shoes pictured above. Notice how, in a made-up noun that is a compound of athletics and leisure, the first has been shrunk to three letters. The only pe...
No longer under the tyranny of compression fit leggings, today’s athleisure is something looser, with a wink of nostalgia Athleisure is not to be confused with serious fitness wear. No one is running a marathon or playing a game of football in the shoes pictured above. Notice how, in a made-up noun that is a compound of athletics and leisure, the first has been shrunk to three letters. The only personal best that concerns you here is having an optimal Saturday morning. Athleisure is fashion, not kit, so it moves with the times just as much as it moves with you. And it looks very different now than a few years ago, when every outfit was anchored by snazzy leggings. Tight legging sets with dazzling graphics were the parade uniform of the imperial age of Lycra. Under the cheerful tyranny of compression fit, starburst-pattern leggings with matching sports bras ruled the roost. These were outfits designed to be watched in a mirror with a rousing soundtrack: perky and sculpting, lingerie-like in their obsession with matching two-piece sets and with bottoms. Continue reading...
MannKind( MNKD ) chief executive officer and director, Michael Castagna reported buying 100,000 shares of company stock. The shares were purchased on March 10, 2026, at a price of $2.59 per share. The transaction increased Castagna’s direct ownership to 2.58M shares. MNKD shares up 7.7%. More on MannKind Furoscix Growth Versus Tyvaso Royalties: Assessing MannKind's Future MannKind Corporation 2025...
MannKind( MNKD ) chief executive officer and director, Michael Castagna reported buying 100,000 shares of company stock. The shares were purchased on March 10, 2026, at a price of $2.59 per share. The transaction increased Castagna’s direct ownership to 2.58M shares. MNKD shares up 7.7%. More on MannKind Furoscix Growth Versus Tyvaso Royalties: Assessing MannKind's Future MannKind Corporation 2025 Q4 - Results - Earnings Call Presentation MannKind Corporation (MNKD) Q4 2025 Earnings Call Transcript MannKind outlines $450M 2026 revenue run rate and key product catalysts amid Afrezza pediatric launch preparations MannKind hits 52-week low after Q4 earnings miss
Meta (META) has debuted four new AI chips as part of its Meta Training and Inference Accelerator family of in-house processors. The new chips are part of the social media giant’s efforts to take advantage of both commercial GPUs from Nvidia (NVDA) and AMD (AMD), as well as its own offerings, to not only meet artificial intelligence demands but also ensure it isn’t overly reliant on one vendor. The...
Meta (META) has debuted four new AI chips as part of its Meta Training and Inference Accelerator family of in-house processors. The new chips are part of the social media giant’s efforts to take advantage of both commercial GPUs from Nvidia (NVDA) and AMD (AMD), as well as its own offerings, to not only meet artificial intelligence demands but also ensure it isn’t overly reliant on one vendor. The chips — the MTIA 300, MTIA 400, MTIA 450, and MTIA 500 — are designed to focus on different elements of Meta’s AI business, including its ranking and recommendations (R&R) models up to high-end inferencing. The MTIA 400 is meant for generative AI as well as R&R processes and, according to Meta, can be strung together in a larger server rack with 72 chips. It’s a similar idea to Nvidia’s NVL72 or AMD’s Helios racks. Meta claims that the MTIA 400 is its first chip that provides cost savings as well as “raw performance competitive with leading commercial products.” The company doesn’t specifically say what products those include, but the only major commercial products similar to the MTIA 400 would be from Nvidia and AMD. Interestingly, Meta recently signed multiyear, multigenerational deals for chips from both companies. Nvidia CEO Jensen Huang holds a Rubin GPU during a Nvidia keynote address at CES 2026, an annual consumer electronics trade show, in Las Vegas, Nev., Jan. 5, 2026. REUTERS/Steve Marcus · REUTERS / Reuters The MTIA 450 processor takes things further than the MTIA 400, with faster high-bandwidth memory, while the MTIA 500 adds more memory with even faster speeds. The company says it’s already begun using some chips and plans to deploy the others in 2026 or 2027. Importantly for the company, they all use the same basic infrastructure, so Meta can swap them out when they need to be upgraded. Meta isn’t the only company leaning into using its own processors to power its AI capabilities. Google (GOOG, GOOGL) and Amazon (AMZN) have been using their own chips to trai...
Meta (META) has debuted four new AI chips as part of its Meta Training and Inference Accelerator family of in-house processors. The new chips are part of the social media giant’s efforts to take advantage of both commercial GPUs from Nvidia (NVDA) and AMD (AMD), as well as its own offerings, to not only meet artificial intelligence demands but also ensure it isn’t overly reliant on one vendor. The...
Meta (META) has debuted four new AI chips as part of its Meta Training and Inference Accelerator family of in-house processors. The new chips are part of the social media giant’s efforts to take advantage of both commercial GPUs from Nvidia (NVDA) and AMD (AMD), as well as its own offerings, to not only meet artificial intelligence demands but also ensure it isn’t overly reliant on one vendor. The chips — the MTIA 300, MTIA 400, MTIA 450, and MTIA 500 — are designed to focus on different elements of Meta’s AI business, including its ranking and recommendations (R&R) models up to high-end inferencing. The MTIA 400 is meant for generative AI as well as R&R processes and, according to Meta, can be strung together in a larger server rack with 72 chips. It’s a similar idea to Nvidia’s NVL72 or AMD’s Helios racks. Meta claims that the MTIA 400 is its first chip that provides cost savings as well as “raw performance competitive with leading commercial products.” The company doesn’t specifically say what products those include, but the only major commercial products similar to the MTIA 400 would be from Nvidia and AMD. Interestingly, Meta recently signed multiyear, multigenerational deals for chips from both companies. Nvidia CEO Jensen Huang holds a Rubin GPU during a Nvidia keynote address at CES 2026, an annual consumer electronics trade show, in Las Vegas, Nev., Jan. 5, 2026. REUTERS/Steve Marcus · REUTERS / Reuters The MTIA 450 processor takes things further than the MTIA 400, with faster high-bandwidth memory, while the MTIA 500 adds more memory with even faster speeds. The company says it’s already begun using some chips and plans to deploy the others in 2026 or 2027. Importantly for the company, they all use the same basic infrastructure, so Meta can swap them out when they need to be upgraded. Meta isn’t the only company leaning into using its own processors to power its AI capabilities. Google (GOOG, GOOGL) and Amazon (AMZN) have been using their own chips to trai...
Meta (META) has debuted four new AI chips as part of its Meta Training and Inference Accelerator family of in-house processors. The new chips are part of the social media giant’s efforts to take advantage of both commercial GPUs from Nvidia (NVDA) and AMD (AMD), as well as its own offerings, to not only meet artificial intelligence demands but also ensure it isn’t overly reliant on one vendor. The...
Meta (META) has debuted four new AI chips as part of its Meta Training and Inference Accelerator family of in-house processors. The new chips are part of the social media giant’s efforts to take advantage of both commercial GPUs from Nvidia (NVDA) and AMD (AMD), as well as its own offerings, to not only meet artificial intelligence demands but also ensure it isn’t overly reliant on one vendor. The chips — the MTIA 300, MTIA 400, MTIA 450, and MTIA 500 — are designed to focus on different elements of Meta’s AI business, including its ranking and recommendations (R&R) models up to high-end inferencing. The MTIA 400 is meant for generative AI as well as R&R processes and, according to Meta, can be strung together in a larger server rack with 72 chips. It’s a similar idea to Nvidia’s NVL72 or AMD’s Helios racks. Meta claims that the MTIA 400 is its first chip that provides cost savings as well as “raw performance competitive with leading commercial products.” The company doesn’t specifically say what products those include, but the only major commercial products similar to the MTIA 400 would be from Nvidia and AMD. Interestingly, Meta recently signed multiyear, multigenerational deals for chips from both companies. Nvidia CEO Jensen Huang holds a Rubin GPU during a Nvidia keynote address at CES 2026, an annual consumer electronics trade show, in Las Vegas, Nev., Jan. 5, 2026. REUTERS/Steve Marcus · REUTERS / Reuters The MTIA 450 processor takes things further than the MTIA 400, with faster high-bandwidth memory, while the MTIA 500 adds more memory with even faster speeds. The company says it’s already begun using some chips and plans to deploy the others in 2026 or 2027. Importantly for the company, they all use the same basic infrastructure, so Meta can swap them out when they need to be upgraded. Meta isn’t the only company leaning into using its own processors to power its AI capabilities. Google (GOOG, GOOGL) and Amazon (AMZN) have been using their own chips to trai...
Iran’s retaliatory strikes on US military assets across the Middle East serve as a preview of how Beijing might target American bases in Asian countries in the event of a Taiwan Strait conflict, according to analysts. In retaliation for large-scale air attacks by the US and Israel since February 28, Iran has launched missiles and drones at Gulf states that host US military bases and facilities, in...
Iran’s retaliatory strikes on US military assets across the Middle East serve as a preview of how Beijing might target American bases in Asian countries in the event of a Taiwan Strait conflict, according to analysts. In retaliation for large-scale air attacks by the US and Israel since February 28, Iran has launched missiles and drones at Gulf states that host US military bases and facilities, including Saudi Arabia, Qatar and Kuwait. Those targets included Al-Udeid Air Base in Qatar, the largest US military base in the Middle East, which serves as the regional headquarters of the United States Central Command. Advertisement At least 11 American military bases or installations across the Middle East have been damaged, around half of those in the region, according to a March 11 report by The New York Times, citing anonymous US officials. Analysts said the retaliatory strikes could serve as a template for a potential conflict in the Taiwan Strait, as Beijing might consider actions against US allies hosting American military assets such as Japan , the Philippines and South Korea Advertisement “These moves by Iran against nearby US military bases in the Persian Gulf region do absolutely highlight the possibility that in a Taiwan scenario that China would likely target US bases throughout the Asia-Pacific region,” said Lyle Goldstein, a senior fellow at Brown University’s Watson School of International and Public Affairs.
If all goes according to plan for the nation's second-largest sovereign wealth fund, a barren stretch of desert in Albuquerque’s plains will soon become a research center where scientists replicate nuclear fusion — the process that powers the sun and stars. The $1 billion project from startup Pacific Fusion seeks to unlock a new energy source, a bold goal for experimental technology that’s years a...
If all goes according to plan for the nation's second-largest sovereign wealth fund, a barren stretch of desert in Albuquerque’s plains will soon become a research center where scientists replicate nuclear fusion — the process that powers the sun and stars. The $1 billion project from startup Pacific Fusion seeks to unlock a new energy source, a bold goal for experimental technology that’s years away from practical breakthroughs. That didn’t stop the New Mexico State Investment Council, the sovereign wealth fund investing the state’s oil and gas revenues, from telling the firm to build big. When Pacific Fusion worried whether private capital in the state would support its ambitions to create commercially viable power by fusing light atoms, the oil fund said cash would come. Punctuating its point, the wealth fund dispensed hundreds of millions across venture funds committed to developing fusion in the state. It’s part of a bid to revive returns at a private equity initiative that one state official called one of the most expensive economic development programs in New Mexico history. The state’s wealth fund overhauled the program it drove for years and rolled out a new venture capital push focused on its backyard. It’s now ramping up investments in a wave of venture firms angling to find the next big innovator in defense, advanced tech and energy, and encouraging them to invest in New Mexico. While the state-focused program represents just a piece of a roughly $70 billion pool of money, the stakes are high. The sovereign wealth fund’s assets underpin more than 20% of New Mexico’s spending needs — including public education services and the state’s rollout of universal childcare. Investment programs that target in-state businesses have historically delivered mixed returns, underscoring the risks when political and investment considerations collide. The largest US sovereign wealth fund, Alaska’s oil fund, in 2023 began phasing out its version after officials decided it ...
Meta Platforms announced four new custom-built chips Wednesday that it said will help the company expand use of its chips from ads rankings and recommendations to more generative AI inference work. For that, Meta relies on its partnerships with outside chipmakers. “The rankings and recommendations workloads have been where we have started, and that’s the place where we have rolled out custom silic...
Meta Platforms announced four new custom-built chips Wednesday that it said will help the company expand use of its chips from ads rankings and recommendations to more generative AI inference work. For that, Meta relies on its partnerships with outside chipmakers. “The rankings and recommendations workloads have been where we have started, and that’s the place where we have rolled out custom silicon at the most scale,” Meta’s financial chief Susan Li said at Morgan Stanley’s Technology, Media & Telecom conference in San Francisco last week.
Wall Street expects a year-over-year increase in earnings on higher revenues when Micron (MU) reports results for the quarter ended February 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these ke...
Wall Street expects a year-over-year increase in earnings on higher revenues when Micron (MU) reports results for the quarter ended February 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on March 18. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. Zacks Consensus Estimate This chipmaker is expected to post quarterly earnings of $8.69 per share in its upcoming report, which represents a year-over-year change of +457.1%. Revenues are expected to be $19.15 billion, up 137.8% from the year-ago quarter. Estimate Revisions Trend The consensus EPS estimate for the quarter has been revised 12.98% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Price, Consensus and EPS Surprise Chart for MU Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is ...
Fifth Third Bancorp ( FITB ) fell 2.6% in early Wednesday trading as the bank issued Q1 guidance that indicates net interest income and noninterest income will be lower than Wall Street consensus estimates, according to slides released on Wednesday. For its full-year outlook, the bank lowered the top end of its guidance range for noninterest income in 2026 but also reduced the upper end of its gui...
Fifth Third Bancorp ( FITB ) fell 2.6% in early Wednesday trading as the bank issued Q1 guidance that indicates net interest income and noninterest income will be lower than Wall Street consensus estimates, according to slides released on Wednesday. For its full-year outlook, the bank lowered the top end of its guidance range for noninterest income in 2026 but also reduced the upper end of its guidance for noninterest expense For Q1 2026, the bank expects net interest income of ~$1.93B (vs. the Visible Alpha estimate of $1.94B); noninterest income of $0.90B-$0.93B (vs. $0.95B Visible Alpha estimate); and noninterest expense of $1.76B-$1.78B (vs. $1.75B Visible Alpha consensus). The company now expects full-year 2026 noninterest income of $4.0B-$4.2B, compared with its Jan. 20 guidance of $4.0B-$4.4B. For comparison, the Visible Alpha consensus is $4.23B Meanwhile, its noninterest expense guidance was revised to $7.2B-$7.3B (vs. Visible Alpha estimate of $7.32B), down from $7.2B-$7.5B in its January outlook. Fifth Third ( FITB ) repeated full-year guidance for average loans and leases in the mid-$170Bs, net interest income of $8.6B-$8.8B, net charge-offs of 30-40 basis points, and an effective tax rate of 23%. More on Fifth Third Bancorp Fifth Third Bancorp (FITB) Presents at Bank of America Financial Services Conference 2026 Transcript Fifth Third Bancorp (FITB) Presents at Bank of America Financial Services Conference 2026 - Slideshow Fifth Third Bancorp (FITB) Q4 2025 Earnings Call Transcript Top large cap U.S. regional banks with high price-to-book multiples and strong momentum grades Regional bank stocks climb, propelled by merger outlook as one analyst sees it
In this article META Follow your favorite stocks CREATE FREE ACCOUNT Meta's 5-gigawatt Hyperion data center under construction in Richland Parish, Louisiana, Jan. 9, 2026. Courtesy of Meta Meta on Wednesday revealed four custom, in-house chips tailored for artificial intelligence -related tasks as part of the company's massive data center expansion plans. The specialized silicon is part of the Met...
In this article META Follow your favorite stocks CREATE FREE ACCOUNT Meta's 5-gigawatt Hyperion data center under construction in Richland Parish, Louisiana, Jan. 9, 2026. Courtesy of Meta Meta on Wednesday revealed four custom, in-house chips tailored for artificial intelligence -related tasks as part of the company's massive data center expansion plans. The specialized silicon is part of the Meta Training and Inference Accelerator , or MTIA, family of chips, which it publicly revealed for the first time in 2023 before unveiling a second-generation version in 2024. Meta Vice President of Engineering Yee Jiun Song told CNBC that by designing custom chips, which are then manufactured by Taiwan Semiconductor , the social media giant can squeeze more price per performance across its data center fleet rather than relying on only vendors. "This also provides us with, with more diversity in terms of silicon supply, and insulates us from price changes to some extent," Song said. "This is a little bit more leverage." The first new chip, MTIA 300, was deployed a few weeks ago and is intended to help train smaller AI models that underpin Meta's core ranking and recommendation tasks, Song said. These kinds of tasks include showing people relevant content and online ads within the company's family of apps like Facebook and Instagram. The upcoming chips — MTIA 400, MTIA 450 and MTIA 500 — are intended for more cutting-edge generative AI-related inference tasks like creating images and videos based on people's written prompts. The chips will not be used for training giant large language models, Song said. One Meta data center rack will include 72 of Meta's in-house MTIA 400 chips, optimized to accelerate AI inference. MTIA 400 has completed the testing phase and is expected to be deployed in Meta data centers soon. Courtesy: Meta Meta said in a blog post that it had finished testing the MTIA 400 and is "on the path to deploying it in our data centers," while the other two chips w...