SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans 
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges 
SoftBank Eyes Switch Inc as It Pushes Deeper Into AI Data Center Expansion 
EssilorLuxottica Bets on AI-Powered Smart Glasses as Competition Intensifies 
Australia’s Under-16 Social Media Ban Sparks Global Debate and Early Challenges 
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs 
IBM Nears $11 Billion Deal to Acquire Confluent in Major AI and Data Push 
Westpac Director Peter Nash Avoids Major Investor Backlash Amid ASX Scrutiny 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
SK Hynix Labeled “Investment Warning Stock” After Extraordinary 200% Share Surge 
U.S.-EU Tensions Rise After $140 Million Fine on Elon Musk’s X Platform 
Rio Tinto Signs Interim Agreement With Yinhawangka Aboriginal Group Over Pilbara Mining Operations 
U.S. Greenlights Nvidia H200 Chip Exports to China With 25% Fee 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
Meta Platforms (NASDAQ:META) is reportedly in advanced talks to acquire a partial stake in a prominent artificial intelligence venture fund managed by Nat Friedman and Daniel Gross, according to The Information. The potential deal, valued at over $1 billion, is expected to include the hiring of Friedman, former GitHub CEO, and Gross, co-founder of Safe Superintelligence.
The duo currently operate NFDG, a venture fund with investments in high-profile AI and tech startups, including Stripe, Character AI, and Perplexity. Meta’s interest in the fund aligns with its aggressive push to expand its artificial intelligence capabilities amid intensifying competition in the AI space.
This move follows Meta's recent $14.8 billion investment in Scale AI, alongside the high-profile hiring of Scale AI founder Alexandr Wang. The tech giant is also reportedly trying to lure top talent from OpenAI, as it seeks to solidify its position in the rapidly evolving AI industry.
CEO Mark Zuckerberg is personally leading Meta's efforts to develop artificial general intelligence (AGI)—a form of AI that matches human reasoning and cognition. The company is strategically recruiting AI visionaries and backing innovative ventures to accelerate progress toward this goal.
With major tech firms racing to dominate the next frontier of intelligence, Meta’s latest deal signals its commitment to staying at the forefront of AI innovation. The potential acquisition of NFDG assets not only brings in strategic investments but also adds experienced leadership to Meta's growing AI division.
As AI competition intensifies globally, Meta's bold moves could play a pivotal role in shaping the future of general-purpose AI systems.
