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Meta Builds New Superintelligence AI Unit

Financial Express Bengaluru

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June 11, 2025

Meta Announced the Expansion of Advertising on Threads to All Eligible Advertisers Globally in April

- REUTERS

MARK ZUCKERBERG, the billionaire CEO of Meta Platforms, is setting up a team of experts to achieve so-called "artificial general intelligence" (AGI), or machines that can match or surpass human capabilities, Bloomberg News reported on Tuesday.

Zuckerberg is building the new AI team in tandem with a reported investment of over $10 billion in Scale AI, Bloomberg News said, citing sources, adding that Scale AI founder Alexandr Wang was expected to join the AGI group after a deal is done.

Reuters could not immediately verify the Bloomberg report. Meta did not immediately respond to a request for comment outside regular business hours.

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Financial Express Bengaluru

Universal Music India acquires 30% in Excel Entertainment

UNIVERSAL MUSIC INDIA (UMI), part of Universal Music Group (UMG), has entered into a definitive agreement to acquire a 30% stake in Excel Entertainment, valuing the Indian film and digital content studio at ₹2,400 crore.

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January 06, 2026

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Further tariff hike by US on India may hit exports

PUNITIVE LEVY

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1 mins

January 06, 2026

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IDBI Bank sale may spill over to FY27

SO FAR IN the current fiscal, disinvestment proceeds have stood at just ₹8,768 crore, while asset monetisation receipts could not be independently ascertained.

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1 mins

January 06, 2026

Financial Express Bengaluru

Foxconn Q4 revenue jumps 22% on AI demand surge

world's largest contract electronics maker, reported record fourth-quarter revenue on Monday, driven by strong demand for artificial intelligence products.

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1 min

January 06, 2026

Financial Express Bengaluru

Highway construction pace set to be slowest since FY18: Ind-Ra

A SLOWDOWN IN new highway contracts by the Centre in the past two years is expected to bring the construction pace in 2025-26 to the lowest since 2017-18, according to a report.

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2 mins

January 06, 2026

Financial Express Bengaluru

Sundaram Alternates raises ₹1K cr for realty fund

SUNDARAM ALTERNATES ON Monday said investors have committed ₹1,000 crore to its ESG aligned real estate fund - SA Real Estate Credit Fund V.

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1 min

January 06, 2026

Financial Express Bengaluru

Margin funding at new high despite tepid market show

Volumes touch ₹1.17 lakh cr in Dec 2025

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1 min

January 06, 2026

Financial Express Bengaluru

Trump now has his very own oil empire

LET'S DO THE math.

time to read

3 mins

January 06, 2026

Financial Express Bengaluru

IDBI Bank sale may spill over to next financial year

Non-debt capital receipts may face a shortfall

time to read

1 min

January 06, 2026

Financial Express Bengaluru

Trump renews tariff threat

CAN RAISE TARIFFS ON INDIA 'VERY QUICKLY', SAYS US PRESIDENT

time to read

1 min

January 06, 2026

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