Ed Ludlow

With the war in Iran continuing to roil the region, Meta has announced it's pausing part of its major internet expansion efforts in Africa, specifically work on a key underwater cable system that would have run through parts of the Middle East, including Oman, the UAE, and Saudi Arabia.

Here with the details is Bloomberg's tech editor, Olivia Solon.

We're showing the kind of map, the network, Olivia, of the cables.

Zoomed in on the Gulf region.

Explain the actions that the Met is taking and the details that we need to know.

The bigger picture for META, what is it that they were trying to achieve in Africa, in the region more broadly, in laying down basically what is updated infrastructure?

Bloomberg's Olivia Solon.

Thank you.

Another meta headline.

The company is reportedly delaying the rollout of its latest AI model after internal testing showed it underperformed compared with rival systems.

That's according to a report by The New York Times.

This is how equity markets reacting to that meta under pressure down almost three percent.

You know, looking at the trading, particularly in the pre market.

Alphabet, parent of Google, is up half a percentage point now, but had been up a little bit more markedly.

For more on what this kind of indicates about the competitive landscape and what it means for investors, Ayoko Yoshioka, portfolio consulting director at Wealth Enhancement Group.

And, you know, interesting case study, right?

Meta and Alphabet, both names that you hold, that you look at.

There are, let's say, three or four births for big frontier model labs or the big tech companies working on next generation models.

And when you get a piece of news like this, you see meta move to the downside, alphabet move to the upside.

What do you interpret from that?