Business
Will Meta Platforms’ New Superintelligence Labs Division Send the Stock Soaring to New Heights?

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Meta Platforms has recently created a new Meta Superintelligence Labs division to focus on AI.
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It’s been spending heavily on artificial intelligence, recently investing $14 billion in privately held Scale AI.
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Meta has already been burning through a lot of cash via its metaverse business unit, Reality Labs.
Meta Platforms (NASDAQ: META) is going big on artificial intelligence (AI). It has been investing and hiring more staff to take advantage of opportunities related to AI. Recently, it unveiled its newest division: Meta Superintelligence Labs, also known as MSL.
MSL is going to be home to its AI efforts, as the company shows investors the seriousness of its focus on developing next-gen AI technologies. This comes after it recently announced a significant investment into another AI company.
Will MSL help grow the business and send Meta’s stock soaring, or prove to be just another money pit?
Meta is going big on AI, and that was already evident even before it announced the launch of a new division. Previously, the company announced plans to create a stand-alone app for its chatbot, Meta AI, which has been incorporated into its existing social media platforms. It has also announced a $14 billion investment into Scale AI and in doing so it also brought on the company’s founder and CEO, Alex Wang, to help lead Meta’s AI business.
AI is undoubtedly a huge opportunity for Meta and other tech giants. But it has also been a money pit, with the payoff not always being clear to insiders or investors. Last year, research company Gartner predicted that 30% of generative AI projects would end up abandoned by the end of 2025 due to multiple factors, including rising costs and a lack of clear value for businesses.
Meta has been aggressive when it comes to pursuing growth opportunities, regardless of the costs. It began reporting on its Reality Labs division a few years ago, which focuses on the metaverse. The division routinely incurs operating losses in the billions each quarter, as that venture struggles to prove its worth. But with hugely popular apps (including WhatsApp, Instagram, and Facebook) and a ton of ad revenue, the overall company has still generated nearly $67 billion in earnings over the trailing 12 months.
However, whether MSL follows the same fate will likely be the burning question for investors that determines which direction the social media stock goes from here on out.
Business
AI for Business Conference coming to central Alberta put on by CAF partnership

(ID 126397652 © Kasto80 | Dreamstime.com)
By
BREWD regional partnership
Sep 4, 2025 | 2:06 PM
The Central Alberta First (CAF) partnership has released its final Business Retention, Expansion and Workforce Development (BREWD) and BREWD Community Data Summary Reports ahead of an October conference focused on artificial intelligence in business.
The AI for Business: Tools, Tactics, Transformation Conference is set to take place Oct. 22, 2025 at the Olds College Alumni Centre. It is the first of a series of AI awareness workshops to be implemented under the BREWD regional strategy.
The one-day event will bring together industry leaders, innovators, and technology experts to explore ways how AI can improve businesses.
The BREWD initiative is one of the largest business engagement projects that’s been done in the central Alberta region, which includes over 700 businesses that represent all sectors of the economy.
Business
Jaguar Land Rover staff to stay home after cyber attack

Jaguar Land Rover (JLR) has instructed factory staff to stay at home until at least Tuesday as the company continues to grapple with the fallout from a cyber attack.
The attack at the weekend forced the company to take vital IT systems offline, which has affected car sales and production.
Production remains halted at car factories in Halewood on Merseyside and Solihull in the West Midlands, as well as at its engine manufacturing centre in Wolverhampton.
The situation remains under review and output could remain suspended for longer.
Car sales have also been heavily disrupted, although the BBC understands some transactions have been able to take place.
The company, which is owned by India’s Tata Motors, shut down its systems on Sunday in order to limit potential damage from the cyber attack.
It is now working to restore them in a controlled manner, but this is understood to be a highly complex process. It is also introducing work-arounds for systems that remain offline.
The attack occurred at what is traditionally a popular time for consumers to take delivery of a new vehicle. The latest batch of new registration plates became available on 1 September.
The disruption extends well beyond JLR’s own production lines, with its network of parts suppliers also forced to restrict their operations. Some have complained of a lack of transparency from the company.
On Wednesday a hacker group which was also responsible for a highly damaging attack on Marks and Spencer earlier in the year said it had infiltrated JLR’s systems.
The group of young English-speaking hackers – who are thought to be teens calling themselves “Scattered Lapsus$ Hunters” – told the BBC how they allegedly accessed the car maker but have not revealed if they successfully stole private data from JLR or installed malicious software onto the company’s network.
The group posted two images, which showed apparent internal instructions for troubleshooting a car charging issue and internal computer logs.
A security expert said those screenshots suggested the group had access to information they should not have.
JLR says it is investigating the hack, but there is no evidence at this stage any customer data has been stolen.
In 2023, as part of an effort to “accelerate digital transformation across its business”, JLR signed a five-year, £800m deal with corporate stablemate Tata Consultancy Services to provide cybersecurity and a range of other IT services.
The halt in production is a fresh blow to the firm which recently revealed a slump in profits attributed to an increase in costs caused by US tariffs.
Business
Trump’s Fed pick Stephen Miran says he will keep White House job


President Donald Trump’s pick to fill a vacancy on the Federal Reserve said he did not plan to resign from his role at the White House, if confirmed, raising alarm among Democrats who said his elevation would bring the president closer to controlling the central bank.
Stephen Miran, currently chief of Trump’s Council of Economic Advisers, told lawmakers at his confirmation hearing on Thursday that he intended to take a leave of absence from the White House, given the short term nature of the Fed post.
He assured them that he would act independently if confirmed.
But he demurred when Democrats demanded he prove his independence by going on the record saying Trump had lost the 2020 election.
He also ducked questions asking him whether the president was right when he claimed that officials had faked jobs data for political reasons and on his past recommendations for Fed overhaul, including warnings against naming political figures to the board.
Senator Elizabeth Warren, a Democrat, said Miran would be seen as a “puppet” who would not be trusted as an independent voice.
“You have made clear that you will do or say whatever Donald Trump wants,” she told him. “That may work in a political position but it will take an axe to Federal Reserve independence.”
Miran called the independence of the Fed “paramount” and said he had not been asked by anyone at the White House to commit “formally or informally” to lowering interest rates.
“The independence of the Federal Reserve is critical to delivering superior long-run outcomes for the economy,” he said.
Miran, who trained as an economist at Harvard, was named by Trump to finish out the term of former governor Adriana Kugler.
Kugler resigned last month, a few months before her time on the board was due to end in January.
The opportunity came as Trump has put unprecedented pressure on the Fed to lower interest rates, toying with the idea of firing chair Jerome Powell and taking steps to fire another board member, Lisa Cook, over allegations of mortgage fraud.
She has denied those claims and challenged the president’s termination in court.
Economists say Trump’s campaign risks undermining the credibility of the bank, which is charged with keeping prices and employment stable and has been designed to set policy independently from the White House.
Lawmakers from both parties told Miran that it was critical that the bank’s governors determine interest rates without regard to politics.
But while Republicans widely indicated they would support his confirmation, Democrats said Miran’s decision to maintain his White House post was a sign he would be responsive to Trump’s demands.
Senator Jack Reed of Rhode Island called the arrangement “ridiculous”, while Senator Andy Kim of New Jersey asked: “Why do you even want this job for four months if you’re just hedging your bets and continuing your role at the White House?”
Miran said would resign his White House post, if he was nominated to serve a longer term.
Miran’s nomination is expected to advance to a full vote in the Senate, where Republicans hold a majority.
Senator John Kennedy, a Republican, urged Miran to ignore political considerations if confirmed.
“You’ve got to call them like you see them and ignore – nothing wrong with people giving their advice – but ignore all the rhetoric,” he said.
Warren said Republicans were ignoring the “elephant in the room” in their willingness to green-light Miran’s elevation.
“If we allow the Fed to become a political football, every American consumer, every American worker and every American business will pay a long term price,” she said.
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