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Nvidia (NVDA) & AMD to invest combined $4 billion into Facebook (META)
Nvidia and AMD are investing a combined $4 billion into Meta to support its AI infrastructure, with Nvidia contributing $3 billion. This investment is part of Meta's larger goal to raise $95 billion for its AI technologies, particularly its Muse AI models, which rely on hardware from both companies. The partnerships aim to optimize computing infrastructure and foster future tech collaborations.
Nvidia and AMD invest billions into Meta as companies egg each other on to bet even more on AI
Nvidia and AMD are investing billions into Meta, with Nvidia committing $3 billion and AMD $1 billion, to bolster Meta's AI infrastructure. These partnerships involve collaborations on AI models, hardware deployment, and networking solutions. The article also touches on the broader economic impact of AI investment, including potential negative effects on gamers due to increased demand for hardware like memory.
Don't hold your breath for a sequel to the Meta Quest 3 and 3S anytime soon, as Zuckerberg reiterates "we are…
Meta CEO Mark Zuckerberg has indicated that the company will not be releasing direct sequels to its Quest VR headsets, such as a Quest 4, anytime soon. The company is shifting its investment focus from consumer VR hardware to artificial intelligence, with its Reality Labs division expecting to reduce its operating loss to around $15 billion next year. This strategic pivot, coupled with the closure of Meta's game development studios and PlayStation selling its VR patents to Meta, suggests a reduced emphasis on VR gaming in favor of AI-driven wearables.
AI fan wikis riddled with errors are muddying the waters of an already contested part of games culture
Generative AI tools are creating numerous inaccurate fan wikis that are flooding search results and crowding out legitimate community-run resources. Companies like Hooded Horse are struggling to combat these AI-generated sites, which often contain false information and even lead to spam or malware. This issue is particularly problematic for indie games with smaller playerbases, and it negatively impacts the reputation and stability of independent fan wikis.
Evening Reading - October 22, 2026
This edition of Shacknews Evening Reading covers a variety of topics including the availability of a documentary on Mina the Hollower, a breach at Capcom exposing millions of email addresses, and reviews for SteelSeries gaming mice and Nintendo Switch Sports. It also touches on business news from Tesla and Meta regarding AI investments, and highlights other internet content such as sports talk shows and music.
Evening Reading - October 21, 2026
Electronic Arts announced the closure of BioWare and layoffs affecting 400 employees. Other gaming news includes a permanent Pokemon store opening in London in 2029, and DICE and Respawn working on a new Star Wars shooter, reportedly Battlefront 3. Xbox Cloud Gaming rates and EA Sports' new 'open-world' football project were also mentioned.
Meta to create new Class C shares to help fund AI spending while preserving Zuckerberg's control
Meta announced the creation of non-voting Class C shares to fund its artificial intelligence development, as approved by its board during its Q3 2026 earnings report. This move will allow the company to raise capital without diluting CEO Mark Zuckerberg's voting control.
Tesla (TSLA) Q3 2026 earnings results beat revenue and EPS expectations
Tesla reported its Q3 2026 earnings, surpassing both revenue and EPS expectations with $28.046 billion in revenue and $2.62 per share. The company's stock saw a rise in after-hours trading following the release of the financial report. Meta and Lam Research also announced their earnings today.
Facebook Reality Labs lost $4.1 billion during Q3 2026
Meta's Reality Labs division reported a loss of $4.1 billion in Q3 2026, a slight decrease from previous quarters and years. Despite these significant losses, the company continues to invest heavily in AR, VR, and XR technologies, including acquiring patents from Sony and announcing new wearables.
Lam Research (LRCX) Q3 2026 earnings results beat revenue expectations, EPS misses whisper number
Lam Research reported its Q3 2026 earnings, exceeding revenue expectations with $8.219 billion but falling short of the whisper number for EPS at $2.19 per share. The company's stock saw a decline in after-hours trading following the announcement. Meta and Tesla also released their quarterly earnings on the same day.
Meta to pay $25 billion over Cambridge Analytica case
A New Mexico court has ordered Meta, the parent company of Facebook, to pay $25 billion in a data privacy case related to Cambridge Analytica. The judge ruled that Facebook failed to conduct a proper internal investigation after the political consulting firm harvested data from up to 87 million users for political campaign strategizing.
Steam Frame review: Untethered reality
Valve's Steam Frame headset offers a compelling, albeit expensive, virtual reality experience with a sleek design and comfortable fit. While the hardware boasts impressive specifications and a user-friendly SteamOS interface, its high cost and limited exclusive software library, relying heavily on older titles like Half-Life: Alyx, make it a difficult recommendation compared to the more affordable Meta Quest 3.
Qualcomm wins $2 legal decision against fellow tech giant Arm, and that's not a typo
Qualcomm has won a $2 legal decision against Arm in a Delaware jury trial concerning a long-standing licensing dispute. The jury found Arm breached its agreement by withholding support and interfering with a Qualcomm-Meta deal, awarding Qualcomm $1 for each claim. While both companies claimed victory, the ultimate outcome of Qualcomm's request for a five-year pause on billions in royalty payments remains undecided.
The Xbox Nano Controller is a compact, 'entry-level, rechargeable controller' launching next month —…
Microsoft has announced the Xbox Nano Controller, a compact and rechargeable gamepad launching on November 4 for $49.99. Designed to be pocketable and affordable for families, it features all standard Xbox inputs and supports Xbox Wireless and Bluetooth. Special holiday bundles with Samsung TVs and Meta Quest devices will also be available.
Xbox Nano Controller Announced, And It’s So Small
Microsoft has announced the Xbox Nano Controller, a new, smaller, and more affordable controller designed for portability and smaller hands. It features all 18 standard gameplay buttons and a programmable action button, costing $50 USD. Bundles with Samsung TVs and Meta Quest headsets are also planned, though cloud streaming usage may eventually incur additional costs.
Meet the XBOX Nano Controller
Microsoft has unveiled the Xbox Nano Controller, a compact and lightweight accessory designed for portability and accessibility, priced at $49.99 USD. It features all standard gameplay inputs and supports Xbox Wireless and Bluetooth connectivity. Bundles with Game Pass Ultimate are available with select Samsung TVs and Meta Quest purchases.
'AI godfather' worries we're creating 'alien beings' with artificial intelligence, with pesky…
Geoffrey Hinton, a pioneer in AI, expresses deep concerns about the rapid advancement of artificial intelligence, likening current models to 'alien beings' and warning of the need for rapid adaptation. He argues that AI models possess a form of understanding and that humanity has a moral obligation towards them, while also criticizing the tech industry's self-regulation efforts. The article also includes commentary from an expert who questions the notion of AI consciousness and suggests that claims of AI sentience may be a tactic to maintain industry momentum.
With the Steam Frame becoming Valve's new favourite VR child, they're selling off their last Index headset stock
Valve has officially discontinued the Valve Index VR kit, offering a 20% discount on remaining stock as they shift focus to the Steam Deck. The Index, launched in 2019, was notable for its introduction of individual finger tracking controllers, a feature that has influenced subsequent VR hardware like the Meta Quest 3, though the Steam Deck's own finger tracking accuracy is not quite as refined.
Valve is clearing out its discontinued Index VR headsets if you want a cheap piece of history
Valve is heavily discounting remaining stock of its discontinued Valve Index VR headset, selling it for $399.20 while supplies last. The company has officially stated that the Index is no longer being produced, with a newer headset, Steam Frame, having recently launched. While the headset itself is discounted, controllers and base stations are sold separately and are not part of the sale.
'Your washing machine is subject to more safety rules than AI' says Microsoft president
Microsoft president Brad Smith stated that Artificial Intelligence is currently subject to fewer safety regulations than everyday items like milk or washing machines. He called for global safety measures, including mandatory notification for AI-compromised systems and independent testing, highlighting the potential risks and benefits of AI.
