Meta AI leader Rohit Patel has left the company to found Ndoc, a startup developing an AI-native office software suite designed to replace Microsoft Office and Google Workspace, integrating Stage, Narrative and Model modules, with an open-source .ndoc.html document format planned.
AMD announced a $1 billion investment in Meta's equity offering to deepen strategic collaboration across CPUs, GPUs, networking, systems, and software, with AMD Helios rack-scale systems already installed at Meta and plans to expand deployment toward gigawatt-scale AI infrastructure.
Nvidia and Meta announced a strategic partnership in which Nvidia plans to invest $3 billion in Meta. Meta will expand its deployment of Nvidia's next-generation infrastructure, including the Vera Rubin architecture, and the companies will jointly optimize the Muse large model's inference and training performance to lower total cost of ownership.
Meta announced a financing plan of up to $95 billion, including $22.5 billion in forward sales of Class A common stock, $12.5 billion in mandatory convertible preferred stock, and up to $60 billion in future C Class common stock issuance, to fund businesses including artificial intelligence. Nvidia, AMD, and Broadcom are interested in buying up to $5 billion of Class A common stock each. Meta expects 2026 capital expenditures to reach $135 to $145 billion.
Meta Platforms acquired Sundial, an AI data analytics platform founded by two former Meta employees, on October 23. The platform enables businesses to ask complex data questions in natural language through a chatbot plugin. Co-founders Julie Zhuo, former Meta VP of product design, and Chandra Narayanan, former Instagram and Sequoia data analytics lead, will join Meta.
On October 22, US AI-related stocks suffered a sharp selloff, with the Philadelphia Semiconductor Index falling over 6% and Nvidia, AMD, and Meta among the major decliners. Worries over whether massive AI capital spending will pay off, combined with Middle East tensions pushing oil prices higher, led investors to cut exposure to high-valuation tech assets.
After integrating Claude in July, 1Password has launched the 1Password for Agents platform, supporting AI agents including Meta's Muse, OpenAI's Dots and SpaceXAI Grok Bot. The platform lets agents use stored credentials to complete tasks without directly receiving usernames, passwords or vault contents, with access granted per session and not carried over.
Meta disclosed in a regulatory filing that its future spending commitments stood at roughly $825 billion as of Sept. 30, 2026, up sharply from July, with most tied to AI computing and infrastructure. Its five-year CDS price rose to about 119.3 basis points on Oct. 22, a record, as debt worries over heavy AI investment spread to Oracle, Microsoft and Broadcom.
Goldman Sachs committed $500 million to establish a small-business AI institute and expand its "10,000 Small Businesses" program to support 10,000 additional businesses, partnering with Anthropic, Google, Meta, and OpenAI to help U.S. small businesses integrate AI into daily operations.
Meta CEO Mark Zuckerberg said the company plans to expand its Muse AI agents to serve billions of people and build a large-scale Muse network in which agents collaborate. Meta does not intend to charge upfront for Muse in order to attract more users. On the same day, a New Mexico judge ordered Meta to pay $25 billion for misleading consumers over the Cambridge Analytica data breach; Meta said it will appeal.