Advanced Micro Devices (AMD) is about to enter the metaverse. The chip giant said its EPYC chips were selected by Meta (formerly known as Facebook) to help power its data centers at its virtual Accelerated Data Center Premiere event Monday. AMD explained the two companies worked together to develop a high-performance, power-efficient processor based on the company’s 3rd Generation EPYC processor. “Adding Meta is certainly a very significant piece,” AMD CEO Dr. Lisa Su said on Yahoo Finance… Source link
Read More »Mistaken Facebook Identity Sees Meta Materials Shares Soar 32%
Reuters U.S. congresswoman Greene bought Trump SPAC shares (Reuters) -U.S. Representative Marjorie Taylor Greene, an ally of Donald Trump, bought as much as $50,000 worth of shares in the special purpose acquisition company (SPAC) that has agreed to merge with the former president’s new social media venture. Greene bought shares worth between $15,001 and $50,000 on Oct. 22, the day they rose in value by as much as 1,650% from what they were worth before the deal, as amateur traders and Trump… Source link
Read More »Facebook rebrands as Meta as it bets on the future of the metaverse
Facebook (FB) is changing its name to Meta as it focuses on the metaverse, a series of interconnected, persistent virtual worlds that let people interact with digital objects and avatars. The company’s existing Facebook app will still retain its name. CEO Mark Zuckerberg announced the rebranding during the company’s Connect conference on Thursday, which offered a further glimpse into the company’s plans for the so-called metaverse in the coming decade. “We believe the metaverse will be the… Source link
Read More »Shares of Meta Material, formerly Torchlight, reverse to trade down 20%
(Reuters) -Shares of Meta Material Inc gave up premarket gains to fall 20% on Monday, the first day of trading after a merger that saw the niche hi-tech materials maker swallow Torchlight Energy Resources, which was at the center of huge speculative bets by small individual traders. Torchlight’s stock rose as high as 74% last Monday as retail investors piled into the stock with record volumes. The shares, however, gave up some of the gains after the company upsized its stock offering. In a… Source link
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