Brazilian court bars Meta from using local media to train AI

Meta (META) warns U.S. midterm elections may hinder data-center construction, a key part of its AI expansion. Opposition to data centers contributed to Democratic wins, with Texas governor-elect calling for a pause on new approvals. Needham suggests tighter regulation could benefit established hyperscalers like Meta, Amazon, and Google by slowing supply growth. Investors added value to major hyperscalers post-election, anticipating slower construction.

Meta (META) and Sandisk (SNDK) announced their first-ever stock splits within eight days, aiming to make shares more accessible to retail investors. Meta's split involves a new share class, while Sandisk's is an eight-for-one split. Both companies are linked to AI, adding to market sentiment. Meta's split takes effect January 19, and Sandisk's on November 19.

Meta acquired AI coding startup Conductor, which will shut down its cloud service on November 20, 2026. The Conductor team will join Meta Superintelligence Labs. The local macOS app will continue to work until early 2027 but will stop receiving updates. Meta has not disclosed the acquisition price or future product plans.

Meta acquired AI coding startup Conductor for an undisclosed sum. Conductor's platform allows engineers to run multiple AI models in parallel. CEO Charlie Holtz stated the startup will focus on developing new interfaces within Meta. Conductor will phase out its services, with cloud operations ending in November and local support until 2027. Meta recently raised $15bn for AI infrastructure investments.

Meta Platforms priced €9B in bonds, its first euro sale, with spreads 1.4x those of Alphabet. The bonds, rated Aa3 by Moody's and AA- by S&P, range from 4.300% to 6.400% yields. Meta's stock rose 1.44% to $630.00 on Nov 4. The company plans significant capital spending, and lenders view it as riskier than Alphabet.

Meta acquired AI coding startup Conductor for an undisclosed sum. Conductor's platform allows engineers to run multiple AI models in parallel. The startup will shift focus to Meta's projects and phase out its services by early 2027. Meta recently raised $15bn for AI infrastructure investments.