Tech
tech
Rani Molla

Meta joins Tesla as an AI robot company

As goes Elon Musk’s Tesla, so goes Mark Zuckerberg’s Meta.

Now, Meta is following Tesla into AI-powered humanoid robots, Bloomberg reports.

Last month, Musk predicted that in the long term, its AI-powered Optimus robots — which in demos have so far been powered by humans — “will be overwhelmingly the value” of Tesla.

Now Meta plans to develop its own robots with the help of outside robotics companies. Initially these humanoid robots will help with household chores, but Meta’s “bigger ambition is to make the underlying AI, sensors and software for robots that will be manufactured and sold by a range of companies,” Bloomberg reported.

Meta will have to hurry. Musk said his company intends to build 10,000 of its Optimus robots this year, but he hedged during the latest earnings call.

“Will we succeed in building 10,000 exactly by the end of December this year? Probably not, but will we succeed in making several thousand? Yes, I think we will,” Musk said.

Meta’s robot project will be part of its Reality Labs hardware division — the one that lost nearly $18 billion last year.

Presumably, unlike earlier versions of Metaverse avatars, Meta’s robots will have legs, but we don’t know for sure.

Now Meta plans to develop its own robots with the help of outside robotics companies. Initially these humanoid robots will help with household chores, but Meta’s “bigger ambition is to make the underlying AI, sensors and software for robots that will be manufactured and sold by a range of companies,” Bloomberg reported.

Meta will have to hurry. Musk said his company intends to build 10,000 of its Optimus robots this year, but he hedged during the latest earnings call.

“Will we succeed in building 10,000 exactly by the end of December this year? Probably not, but will we succeed in making several thousand? Yes, I think we will,” Musk said.

Meta’s robot project will be part of its Reality Labs hardware division — the one that lost nearly $18 billion last year.

Presumably, unlike earlier versions of Metaverse avatars, Meta’s robots will have legs, but we don’t know for sure.

More Tech

See all Tech
tech

Musk: xAI to build 500-megawatt data center in Saudi Arabia with Humain using Nvidia GPUs

Today in Washington, DC, Elon Musk announced that xAI is developing a 500-megawatt AI data center in Saudi Arabia in partnership with Humain — the country’s state-owned AI company — using Nvidia chips.

Competitors OpenAI and Anthropic are also turning to access the vast stores of capital available from Middle East investors to fund their colossal data center plans.

In an awkward moment, Musk briefly appeared confused if the deal was for 500 megawatts or 500 gigawatts, pausing only to have Nvidia CEO Jensen Huang jump in and confirm it was for 500 megawatts.

Laughing off the gaffe, Musk joked about the cost of such a large project, saying, “That’ll be eight bazillion trillion dollars.”

In an awkward moment, Musk briefly appeared confused if the deal was for 500 megawatts or 500 gigawatts, pausing only to have Nvidia CEO Jensen Huang jump in and confirm it was for 500 megawatts.

Laughing off the gaffe, Musk joked about the cost of such a large project, saying, “That’ll be eight bazillion trillion dollars.”

tech

Google soars on positive reception for Gemini 3

Google is surging today, on track for its third-biggest daily gain this year, after its release of Gemini 3 on Tuesday.

The latest update to its flagship model includes significant improvements to reasoning, agentic tasks, and “vibe coding,” and is currently topping the leaderboards on LMArena for text, web development, and vision.

Gemini is currently No. 2 in Apple’s free App Store, right behind ChatGPT.

AI Chatbots are also increasingly gaining favor as replacements for traditional web search, a multibillion-dollar business that Google has owned for decades. Beyond just chatbots, Gemini’s performance is crucial to Google’s future success as the company embeds its AI models across its products and relies on them to generate new revenue from existing lines — particularly by driving growth in Cloud and reinforcing its ad and search dominance.

The stock was recently up 5.6% amid a generally green day for tech stocks.

Google has been on a tear lately, after posting Q3 revenue and earnings that blew past expectations. On Friday, the stock jumped after Warren Buffett’s Berkshire Hathaway revealed a $5.1 billion stake and after the company announced a $40 billion investment in Texas data centers.

Google has been by far the best performer of the Magnificent 7 stocks this year, up nearly 60% in 2025. The next best is Nvidia, which is up 39%, followed by Microsoft, which is up 17%.

tech

Report: xAI raising $15 billion for a $230 billion valuation

xAI is looking to raise $15 billion at a $230 billion valuation, according to a report from The Wall Street Journal.

xAI is still burning through cash as it races to build its Colossus 2 data center in Tennessee. Last month, it was reported that the company needs to spend $18 billion to purchase another 300,000 Nvidia GPUs.

For all that cash, xAI is still in third place when it comes to its Grok chatbot. A September report found that Grok had only 64 million monthly users, compared to ChatGPT’s 800 million weekly users.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.