Overview
- Bloomberg reported that Meta completed an operational split from Manus and blocked data sharing between the companies on June 11, and the company has told staff to move Manus projects onto Meta systems.
- An internal memo reviewed by Bloomberg says Meta is 'sunsetting' Manus and directing employees to stop new work for the startup as Manus founders explore buyback options to satisfy Chinese regulators.
- Meta raised its 2026 capital expenditure guidance to $125–$145 billion to build inference capacity and last week agreed to lease a 168 MW AI-ready data center from Reliance in Jamnagar, India, to speed deployment.
- Multiple outlets report Meta is exploring a large equity offering worth 'tens of billions' as an option to help fund the AI push, a move that would mirror recent capital raises by other cloud-focused tech firms.
- Meta shares have been volatile but rallied nearly 6% on June 15 with the broader market and analysts remain bullish about AI-driven monetization ahead of the company’s July 29 earnings report.