I=6 Meta keeps delaying the release of its Muse Spark API
Meta had promised to release the API shortly after the release of Muse Spark in April but delayed it to April due to bugs, the Wall Street Journal reported citing people familiar with the matter.
The release was then delayed again to June.
Meta told the Wall Street Journal that it’s testing the API with partners and plan to release it this month.
I=8 Meta shares fell more than 5% amid reports that the company plans to raise tens of billions of dollars through a stock offering
Exact amount to be raised was not disclosed and sources familiar with the matter said the plans are in early stages, Financial Times reported.
Meta’s plans follow Alphabet’s blockbuster $85 billion stock offering announced this week.
A Meta spokesperson said the share sales talk were “pure speculation” but said they will continue raising capital in the most flexible ways to support their AI ambitions.
One of the sources said Meta had looked at Alphabet’s capital raising, which includes “mandatory convertible preferred issuance”- allowing it to raise capital immediately but defer stock issuance for years.
Prior to this news, Meta shares were already down 2% alongside the overall market as Nonfarm Payrolls raised concerns of interest rate hikes.
I=7 Meta plans to impose limits on AI tokens usage as costs run into billions
According to a memo sent to employees, Meta plans to track AI tokens usage and flag unusual spending spikes.
Meta is also encouraging employees to rely less on third-party AI tools for coding and make greater use of internal tools such as MetaCode.
Apparenty, Meta is on track to spend billions of dollars on internal AI use alone in 2026.
In a seperate memo, Zuckerberg told employees that they made mistakes in the recent AI workforce shift and that the 7,000 employees transferred to the newly created AI initiatives serve as a backup plan if they make mistakes in some places.
Assessment
Rising internal AI token costs could offset part of the savings from Meta’s workforce reductions, but may be there will be tailwinds as we move forward.