Ex-Formula 1 drivers Nyck de Vries and Kamui Kobayashi, along with Mike Conway, claimed victory in the 2026 Le Mans 24 Hours for Toyota at the weekend.
"A year after spending over $14 billion to bring in Alexandr Wang and a group of his top Scale AI engineers to revamp its artificial intelligence efforts, Meta is at least back on the map in AI," reports CNBC, "though it's still far behind OpenAI, Anthropic and Google in the market."
Wang's big accomplishment was the delivery of the Muse Spark AI model in April, marking Meta's first jump into proprietary foundation models and away from a strict adherence to open source, or open weight as it's more commonly called in AI... "Meta needs to provide more proof points of both adoption and commercialization," said Ralph Schackart, an analyst at William Blair who recommends buying the stock. "Investors are looking for Meta to monetize a new AI-first product, beyond the substantial positive impact AI is having on enhancing the advertising models." Wall Street, at least so far, is unimpressed. Meta's stock is down 18% over the past 12 months, the worst performer in the megacap group, along with Microsoft, which has its own challenges in AI. That's even after Meta reported 33% revenue growth in the first quarter, the fastest rate of expansion for any period since 2021.
For Meta, the problem started with what some industry experts called, in hindsight at least, a strategic blunder. The company jumped into AI with its Llama family of models, offering an open-source approach that allowed developers to freely tinker, while the other big model makers charged for access. In April of last year, Meta's release of Llama 4 fell flat, failing to captivate developers and leading Zuckerberg to reconsider his company's approach to AI development... Since the release of Muse Spark, Meta has unveiled new AI and business-related subscription plans as part of an effort to expand its business beyond online ads. Historically, it hasn't worked. Meta still counts on ads for 98% of revenue. Schackart said he wants to see "tangible evidence of a growing list of new, AI-first products created by Muse Spark, even if monetization lags." He said that's "what investors are looking for."
No matter how good Wang's model may be, Zuckerberg has a high hill to climb with developers coming off the Llama debacle. "I think the AI community largely ignores Meta at this point," said Rob May, CEO of the startup Neurometric, which works in the realm of token engineering.... Krish Subramanian, the CEO of consulting firm KOI AI and former product head at IBM Consulting, said developers are more excited about Google's AI models than what Meta is offering. The appeal of Llama was that it specifically targeted developers wanting open-weight alternative models, while with Muse Spark, Meta has made little effort in that direction, he said. "The lack of developer trust will come back to hit them if they don't focus on third-party developers," Subramanian said, noting that it took years for Microsoft to regain trust from open-source coders during the early days of Azure. "To just focus on a walled-garden kind of an ecosystem and ad revenue as the main source of income, they probably will never become the big player," he said.
A Meta spokesperson pointed to Wang's recent comments about the company's continued support for the open-source ecosystem, and said Meta still plans to offer outside developers access to Muse Spark's underlying technology via an API, as it previously announced. "We're already testing with some early partners, and look forward to releasing it this month," the spokesperson said.
"That Zuckerberg's metaverse and virtual reality ambitions have generated over $80 billion in total losses since late 2020 makes the AI pitch a tougher sell," the article points out, citing this observation from Howard Yu, business professor at Switzerland's International Institute for Management Development.
"He's running out of the space for his credibility to last," Yu said. "I think the virtual reality foray may have burned up a lot of his goodwill in front of investors."
Wang's big accomplishment was the delivery of the Muse Spark AI model in April, marking Meta's first jump into proprietary foundation models and away from a strict adherence to open source, or open weight as it's more commonly called in AI... "Meta needs to provide more proof points of both adoption and commercialization," said Ralph Schackart, an analyst at William Blair who recommends buying the stock. "Investors are looking for Meta to monetize a new AI-first product, beyond the substantial positive impact AI is having on enhancing the advertising models." Wall Street, at least so far, is unimpressed. Meta's stock is down 18% over the past 12 months, the worst performer in the megacap group, along with Microsoft, which has its own challenges in AI. That's even after Meta reported 33% revenue growth in the first quarter, the fastest rate of expansion for any period since 2021.
For Meta, the problem started with what some industry experts called, in hindsight at least, a strategic blunder. The company jumped into AI with its Llama family of models, offering an open-source approach that allowed developers to freely tinker, while the other big model makers charged for access. In April of last year, Meta's release of Llama 4 fell flat, failing to captivate developers and leading Zuckerberg to reconsider his company's approach to AI development... Since the release of Muse Spark, Meta has unveiled new AI and business-related subscription plans as part of an effort to expand its business beyond online ads. Historically, it hasn't worked. Meta still counts on ads for 98% of revenue. Schackart said he wants to see "tangible evidence of a growing list of new, AI-first products created by Muse Spark, even if monetization lags." He said that's "what investors are looking for."
No matter how good Wang's model may be, Zuckerberg has a high hill to climb with developers coming off the Llama debacle. "I think the AI community largely ignores Meta at this point," said Rob May, CEO of the startup Neurometric, which works in the realm of token engineering.... Krish Subramanian, the CEO of consulting firm KOI AI and former product head at IBM Consulting, said developers are more excited about Google's AI models than what Meta is offering. The appeal of Llama was that it specifically targeted developers wanting open-weight alternative models, while with Muse Spark, Meta has made little effort in that direction, he said. "The lack of developer trust will come back to hit them if they don't focus on third-party developers," Subramanian said, noting that it took years for Microsoft to regain trust from open-source coders during the early days of Azure. "To just focus on a walled-garden kind of an ecosystem and ad revenue as the main source of income, they probably will never become the big player," he said.
A Meta spokesperson pointed to Wang's recent comments about the company's continued support for the open-source ecosystem, and said Meta still plans to offer outside developers access to Muse Spark's underlying technology via an API, as it previously announced. "We're already testing with some early partners, and look forward to releasing it this month," the spokesperson said.
"That Zuckerberg's metaverse and virtual reality ambitions have generated over $80 billion in total losses since late 2020 makes the AI pitch a tougher sell," the article points out, citing this observation from Howard Yu, business professor at Switzerland's International Institute for Management Development.
"He's running out of the space for his credibility to last," Yu said. "I think the virtual reality foray may have burned up a lot of his goodwill in front of investors."
Read more of this story at Slashdot.
ISLAMABAD (ANP/RTR) - Er is een vredesakkoord tussen de VS en Iran bereikt. Dat meldt de Pakistaanse premier Shehbaz Sharif op X. Dit zal op 19 juni in Zwitserland door beide landen ondertekend worden.
Volgens Sharif hebben beide partijen aangekondigd dat "de militaire activiteiten op alle fronten, inclusief in Libanon, onmiddellijk en definitief worden beëindigd".
Google Cloud customers with resources in India have had to deal with elevated latency for several days – and there’s no end in sight. Per a Google status page, on June 9th “A fire at a third-party data center facility required an emergency power shutdown of networking equipment, isolating a non-compute local Point of Presence (POP) in Delhi and reducing available network capacity in the metro area.” That shutdown caused “intermittent periods of elevated latency and possible packet loss” for network traffic headed to Google Cloud from Delhi, Chennai, Mumbai and surrounding areas. “Customers may experience slightly elevated latency and non-optimal network routing into Google Cloud until the affected facility is fully restored,” Google warned. Google has implemented “traffic mitigations” that it says have improved performance “for some Cloud customers,” and is trying to arrange extra peering capacity. That work is ongoing, with the ads-and-cloud giant promising it is “further augmenting our Delhi backbone capacity” and hopes to have better news on Monday. The web giant is also working to improve regional peering capacity in the city of Chennai, to assist large ISPs in India and hopes that work will be complete on Wednesday, June 17th. Japan’s space truck is back in business Japan’s Aerospace Exploration Agency (JAXA) last week successfully launched its H3 rocket, a welcome return to form after its previous two missions failed. This success will be doubly sweet for JAXA, because the H3 used for this mission employed a pair of outboard boosters – the first time the agency has used the launcher in this configuration. The rocket launched on June 12th and placed six satellites in orbit. South Korean tech exports boom, not just because of AI South Korea’s Ministry of Science and IT on Sunday announced exports of IT products reached $47.8 billion in May, a new record and a sum 128 percent higher than tech exports in May 2025. Semiconductor exports surged by 162.9 percent year over year, due to the AI boom. Mobile phone exports also grew by 15.9 percent, while a category the Ministry calls “computers and peripherals” saw 259.6 percent year-on-year growth. “Displays rebounded due to increased demand for OLEDs for new mobile phones and strong sales of new laptops,” the Ministry said. “Overall exports of mobile phones increased due to a rise in the average selling price of high-spec finished products and robust demand for high-value components such as camera modules.” South Korea imported over $15.7 billion worth of tech in the month, up 36 percent year-over-year, but still achieved a record trade surplus of over $32 billion. Zoho builds its own servers Indian SaaS giant Zoho has cooked up a custom server called “Nathu La” that it says will reduce the cost of operating its platform. “The design philosophy behind Nathu La is rooted in the Open Compute Project (OCP), emphasizing modularity, thermal efficiency, and ease of maintenance, and enabling Zoho's data centers to significantly reduce total cost of ownership and power consumption,” according to a company statement. The machines run Intel Xeon 6 processors and Chipzilla helped to design them, but Zoho says “all intellectual property [is] owned in India.” Zoho says the servers will also help to lower inferencing costs. The company didn’t say how it calculated its performance numbers. The Reg fancies Zoho has compared its own boxes to whatever machines it currently buys off the shelf, and believes that servers tuned to its own needs will deliver better performance. That’s a conclusion many hyperscalers reached years ago. NTT Data’s new boss Japanese tech giant NTT Data has a new president and CEO: Kazuhiko Nakayama scored the twin roles last week, capping a career with the company that started in 1989 and most recently saw him serve as chief financial officer. Previous CEO and president Yutaka Sasaki will become senior executive vice president. “Over the past three years I have had the honour of working closely with Mr Sasaki and the leadership team on a strategic course that has established NTT DATA among the top five IT services businesses globally,” Nakayama said, according to NTT Data’s announcement of its new leadership. “That experience has reinforced my conviction in the strength of our offering, the quality of our people and the size of the opportunity ahead. As I take on the responsibilities of CEO and lead the growth of the NTT DATA Group going forward, I feel a deep sense of dedication, possibility and excitement." ®
