Meta (META) signs long-term supply agreements for memory, networking gear, and flash storage, according to Reuters citing a memo
Newsquawk Staff ·
- Plans to double computing capacity to 14 GW next year.
- Plans to start manufacturing its Iris AI chip in September.
Sources
- Newsquawk Daily European Opening News - 23rd October 2026
- Tesla (TSLA) has decided not to proceed with plans to produce Cybertruck for Australia and New Zealand
- OpenAI trims valuation target to USD 1.25tln after previously pitching a higher price, according to FT
- Newsquawk Daily Asia-Pac Opening News - 23rd October 2026
- OpenAI is raising up to USD 30bln in funding round at a USD 1.25tln valuation, led by UAE investors, according to CNBC, citing sources; OpenAI is negotiating a commercial deal that would secure more computing capacity from the UAE
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