April 19, 2026 - 01:01

In a significant move to secure its artificial intelligence future, Meta Platforms has reportedly expanded its strategic partnership with semiconductor giant Broadcom. The new agreement, set to extend through 2029, focuses on the co-development of multiple generations of custom AI accelerator chips.
This long-term deal underscores Meta's massive and ongoing investment in building its own computing infrastructure. By designing chips tailored specifically for its AI workloads, Meta aims to gain greater efficiency, reduce costs, and lessen its reliance on general-purpose processors from other suppliers. The collaboration is central to powering the company's ambitious roadmap, which includes advancing its large language models, generative AI features, and the intensive computing demands of the metaverse.
The expanded partnership signals a firm commitment from Meta to control more of its technological destiny. As the AI arms race accelerates, having a dedicated, cutting-edge hardware foundation is becoming a critical competitive advantage. This multi-year agreement with Broadcom provides the stability and advanced engineering required to support Meta's AI ambitions well into the second half of this decade, ensuring it has the necessary processing power to fuel its next-generation services and platforms.
July 20, 2026 - 22:57
Students are now getting payments from $284M financial aid settlementThousands of current and former students at some of the nation`s most prestigious universities are now seeing payments land in their bank accounts. The money comes from a massive $284 million...
July 20, 2026 - 04:01
A financial planner explains why splitting your partner's $2,100 mortgage will leave you with nothing. And it's okayA financial planner is warning couples against the common practice of splitting a mortgage payment with a partner who holds the title alone. The scenario is familiar: one person buys a home, and...
July 19, 2026 - 00:20
Citizens Financial Group (CFG) Expands Brendan Coughlin’s Role To Oversee Commercial BankingCitizens Financial Group has expanded the responsibilities of President Brendan Coughlin, giving him direct oversight of the Commercial Banking division. Under the new structure, Coughlin now leads...
July 18, 2026 - 00:23
Butterfield Readies CIBC Caribbean PurchaseThe Butterfield Group, headquartered in Bermuda, has agreed to purchase a 91.7% stake in CIBC Caribbean for $1.8 billion. The deal is set to reshape the financial landscape of the Caribbean by...