Meta Platforms News - May 2026
Scale AI Wins $500M Pentagon Contract, Marking Fivefold Funding Increase
The Pentagon awarded Scale AI a $500 million contract to enhance data analysis and decision-making. The Department of Defense’s Chief Digital and Artificial...
Meta Sued by Major Publishers, Alleging Massive Copyright Infringement for Llama
Publishers including Elsevier Inc., Cengage Learning Inc., and Hachette Book Group Inc. filed a class-action lawsuit against Meta Platforms. The complaint,...
Meta Secures $13 Billion for Texas AI Center, Fueling Infrastructure Expansion
Meta Platforms is arranging a $13 billion financing package for a new AI data center in El Paso, Texas. Morgan Stanley and JPMorgan Chase are leading the...