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Mark Zuckerberg said on Monday that Meta Platforms would spend hundreds of billions of dollars to build several massive AI data centers for superintelligence, intensifying his pursuit of a technology he has chased with a talent war for top engineers. The social media giant is among the large tech companies that have struck high-profile deals and doled out multi-million-dollar pay packages in recent months to fast-track work on machines that could outthink humans on many tasks. Its first multi-gigawatt data center, dubbed Prometheus, is expected to come online in 2026, while another, called Hyperion, will be able to scale up to 5 gigawatts over the coming years, Zuckerberg said in a post on his Threads social media platform. “We’re building multiple more titan clusters as well. Just one of these covers a significant part of the footprint of Manhattan,” the billionaire CEO said. He also pointed to a report from industry publication SemiAnalysis that Meta was on track to be the first AI lab to bring a gigawatt-plus supercluster online. Zuckerberg touted the strength in the company’s core advertising business to justify the massive spending amid investor concerns on whether the expenditure would pay off. “We have the capital from our business to do this,” he said. Meta shares were trading 1% higher. The stock has risen more than 20% so far this year. The company, which generated nearly $165 billion in revenue last year, reorganized its AI efforts last month under a division called Superintelligence Labs after setbacks for its open-source Llama 4 model and key staff departures. It is betting that the division would generate new cash flows from the Meta AI app, image-to-video ad tools and smart glasses. D.A. Davidson analyst Gil Luria said Meta was investing aggressively in AI as the technology has already boosted its ad business by allowing it to sell more ads and at higher prices. “But at this scale, the investment is more oriented to the long-term competition to have the leading AI model, which could take time to materialize,” Luria said. In recent weeks, Zuckerberg has personally led an aggressive talent raid for the Meta Superintelligence Labs, which will be led by former Scale AI CEO Alexandr Wang and ex-GitHub chief Nat Friedman, after Meta invested $14.3 billion in Scale. Meta had raised its 2025 capital expenditure to between $64 billion and $72 billion in April, aiming to bolster the company’s position against rivals OpenAI and Google. Jaspreet Singh and Aditya Soni, Reuters
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E-Commerce
Walmart is recalling hundreds of thousands of reusable water bottles after multiple customers reported injuries, some of them going blind.The Consumer Product Safety Commission (CPSC) announced the recall of Ozark Trail 64 oz Stainless Steel Insulated Water Bottles last week, alerting consumers of the potential hazard and telling them to stop using the products immediately.“The lid can forcefully eject, posing serious impact and laceration hazards, when a consumer attempts to open the capped bottles after food, carbonated beverages or perishable beverages, such as juice or milk, are stored inside over time,” the recall notice explained.The notice also stated that some of the injuries related to the product have been serious. “Walmart has received three reports of consumers who were injured when struck in the face by a lid forcefully ejected from these bottles upon opening. Two consumers suffered permanent vision loss after being struck in the eye.”The now-recalled product is not new to Walmart shelves. It’s been on the market since 2017. However, it seems injuries have only just been recently reported. The product itself does not contain the model number, however, the number, 83-662, can be found on the packaging. The bottles measure 4.41 by 4.41 by 11.5 inches, the agency noted.In a statement to the Associated Press, Walmart said, The health and safety of our customers is always a top priority” and said the brand has “fully cooperated” with CPSC to take the product off of shelves and alert customers to the danger. The company is offering full refunds for the water bottles and directed customers to return the water bottles to Walmart stores.CPSC directed customers to call Walmart directly at 800-925-6278 or visit www.walmart.com/help or https://corporate.walmart.com/recalls for additional information.Water bottles have become somewhat of a fashion statement, surging in popularity in recent years. But along with the rise in popularity has also come an uptick in safety concerns. Last year, Stanley made headlines after TikTokkers began testing the water bottles for lead, and in some cases, finding it.The company initially said there is no lead in the products, then later clarified the statement to explain that lead is used in the manufacturing process, but that cups would have to be damaged for the lead to be exposed. A law firm sued the maker of Stanley cups over the concern, and other lawsuits followed.
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E-Commerce
EU trade ministers agreed Monday that U.S. President Donald Trump‘s announcement of 30% tariffs on the European Union was absolutely unacceptable,” and they are studying a new set of countermeasures to respond to the move. The ministers met Monday in Brussels following Trumps surprise announcement over the weekend of such hefty tariffs, which could have repercussions for governments, companies and consumers on both sides of the Atlantic. The EU is Americas biggest business partner and the worlds largest trading bloc. Maroš Šefčovič, the EUs trade representative in its talks with the U.S., said after the meeting that it was very obvious from the discussions today, the 30% is absolutely unacceptable. He said that the commission was sharing proposals with the 27 member countries for the second list of goods accounting of some 72 billion euros ($84 billion) worth of U.S imports. They will now have a chance to discuss it. This does not exhaust our toolbox and every instrument remains on the table. Lars Lkke Rasmussen, foreign minister of Denmark, which recently assumed the presidency of the EU, said the ministers vowed to work together in negotiating a trade deal with Washington or agreeing on countermeasures. The EU remains ready to react and that includes robust and proportionate countermeasures if required and there was a strong, feeling in the room of unity,” Rasmussen told reporters after the meeting. The tariffs, also announced for Mexico, are set to start on Aug. 1 and could make everything from French cheese and Italian leather goods to German electronics and Spanish pharmaceuticals more expensive in the U.S., and destabilize economies from Portugal to Norway. Meanwhile, Brussels decided to suspend retaliatory tariffs on U.S. goods scheduled to take effect Monday in hopes of reaching a trade deal with the Trump administration by the end of the month. The countermeasures by the EU, which negotiates trade deals on behalf of its 27 member countries, will be delayed until Aug. 1. Trumps letter shows that we have until the first of August to negotiate, European Commission President Ursula von der Leyen told reporters in Brussels on Sunday. Maroš Šefčovič, the EU’s trade representative in its talks with the U.S., said negotiations would continue Monday. Im absolutely 100% sure that a negotiated solution is much better than the tension which we might have after the 1st of August,” he told reporters in Brussels on Monday. But he added that we must be prepared for all outcomes. I cannot imagine walking away without genuine effort. Having said that, the current uncertainty caused by unjustified tariffs cannot persist indefinitely and therefore we must prepare for all outcomes, including, if necessary, well-considered proportionate countermeasures to restore the balance in our transit static relationship. The letters to the EU and Mexico come in the midst of an on-and-off Trump threat to impose tariffs on countries and right an imbalance in trade. Trump imposed tariffs in April on dozens of countries, before pausing them for 90 days to negotiate individual deals. As the three-month grace period ended this week, he began sending tariff letters to leaders, but again has pushed back the implementation day for what he says will be just a few more weeks. If he moves forward with the tariffs, it could have ramifications for nearly every aspect of the global economy. The American Chamber of Commerce in the European Union, an influential industry group representing major American corporations in Europe, said the tariffs could generate damaging ripple effects across all sectors of the EU and US economies and praised the EU’s delay of countermeasures. In the wake of the new tariffs, European leaders largely closed ranks, calling for unity but also a steady hand to not provoke further acrimony. Just last week, Europe was cautiously optimistic. Officials told reporters on Friday they weren’t expecting a letter like the one sent Saturday and that a trade deal was to be inked in the coming days.” For months, the EU has broadcast that it has strong retaliatory measures ready if talks fail. Reeling from successive rebukes from Washington, Šefčovič said Monday the EU is doubling down on efforts to open new markets and pointed to a new economic agreement with Indonesia as one. The EU top brass will visit Beijing for a summit later this month while courting other Pacific nations like South Korea, Japan, Vietnam, Singapore, the Philippines, and Indonesia, whose prime minister visited Brussels over the weekend to sign a new economic partnership with the EU. It also has mega-deals in the works with Mexico and a trading bloc of South American nations known as Mercosur, and Šefčovič will meet with his counterpart from the United Arab Emirates next week. While meeting with Indonesia’s president on Sunday, Von der Leyen said that when economic uncertainty meets geopolitical volatility, partners like us must come closer together. Sam McNeil, Associated Press
Category:
E-Commerce
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