Zuckerberg launches Muse Ember, Meta’s smallest AI model, at Haiku’s price per token

Nonprofits sued OpenAI, Anthropic, SpaceX’s AI division, Meta, and Google in San Francisco, seeking to halt development of advanced AI models like ChatGPT, Gemini, and Claude. The lawsuit cites concerns from company leaders about AI's potential risks and past incidents. Meta declined to comment, while other companies did not immediately respond. Separately, Florida and eight other states have filed lawsuits against OpenAI over similar concerns.

Santosh Janardhan, Meta's head of infrastructure, will step down in early 2027. Dave Brown, former Amazon executive, will take over. Janardhan will move to an advisory role. Meta's capital expenditures are projected at $135B-$145B this year, with a negative free cash flow of $2.12B in Q3. Meta shares closed at $628.77 on Nov. 11.

On November 12, Nvidia (NVDA) fell 7% and Meta (META) dropped 1.1% due to leadership changes and AI spending concerns. Microsoft (MSFT), Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL), and Tesla (TSLA) rose, showing mixed reactions in Big Tech. Nvidia's CEO resigned amid an investigation, while Meta faces pressure from AI investments and a negative outlook from S&P Global. AMD (AMD) and Broadcom (AVGO) gained as investors reassessed semiconductor stocks.

Meta Platforms (META) financed a $27.3B AI data center through off-balance-sheet bonds, raising concerns from investor Steve Eisman about Enron-like accounting. Joseph Carlson disagrees, citing transparency and profitability. Meta's Q3 filing shows $68.4B in potential exposure. S&P revised Meta's outlook to negative due to AI spending concerns.

Meta Platforms announced that Santosh Janardhan, head of infrastructure, will step down in early 2027. Dave Brown, a former Amazon Web Services executive, will take over. Meta's stock closed at $628.77, down 1.97%. The company plans significant capital expenditures, with 2026 spending estimated at $135B-$145B. Brown's role is critical as Meta aims to improve compute cost efficiency.

Meta Platforms (META) raised over $60 billion in funding, including $25 billion in stock at $625 per share, to invest in AI. Q3 capex exceeded operating cash flow, resulting in negative free cash flow of $2.1 billion despite 26% revenue growth. JPMorgan added Meta to its Analyst Focus List, causing shares to rise 5%. Alphabet (GOOGL) also reported negative free cash flow but holds substantial cash reserves.