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Meta CEO Mark Zuckerberg says Muse and Reality Labs are highly unprofitable — for now

Meta CEO Mark Zuckerberg
Meta CEO Mark Zuckerberg.

Finn Gomez/Getty Images

  • Meta's AI agent, Muse, is unprofitable due to "very high compute costs," CEO Mark Zuckerberg says.
  • Meanwhile, Meta expects Reality Labs, its AI glasses division, to lose $15 billion next year.
  • The social media giant has a plan to fix that.

Meta says some of its biggest cash incinerators could finally start turning profits.

The social media giant, which generated over 97% of its quarterly revenue from ads, has faced persistent questions from investors about the lack of profitability in its AI and hardware initiatives.

Meta CEO Mark Zuckerberg addressed those concerns head-on during its third-quarter earnings call on Wednesday.

Zuckerberg said that Muse, the AI assistant it launched last month, is unprofitable since it's "very compute intensive to run." Meta expects to start turning that around next year by massively improving Muse's efficiency.

"If compute efficiency continues improving quickly for another few years, which we think is highly likely, then Muse will be highly profitable over multiple years," he said.

Meta plans to make money from Muse by taking a small transaction fee off of purchases it drives, Zuckerberg said at Meta's Connect conference last month.

Zuckerberg added that Muse, which launched only in the US and Canada, wasn't launched globally due in part to the amount of compute it requires. (Meta's North American users are generally its most lucrative.)

Zuckerberg also struck a positive note about its cash-hemorrhaging Reality Labs division, which makes products like Meta Ray-Bans and virtual reality glasses.

Meta expects Reality Labs to narrow its losses to about $15 billion in 2027, down from the $18 to $19 billion it expects to lose this year. The division should start trending toward profitability next year, as Meta's AI systems make it more useful, Zuckerberg said.

"I continue to believe that the path to delivering holographic experience, of bringing together the physical and digital worlds and everyday glasses, will come through VR first," Zuckerberg said.

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EU Prosecutors Raid Patriots for Europe Offices in €4.3 Million Funding Investigation

European prosecutors have searched offices in Brussels and Strasbourg as an investigation into alleged misuse of parliamentary funds by the former Identity and Democracy group raises questions over financial liabilities inherited by Patriots for Europe.

European prosecutors carried out searches at the European Parliament’s offices in Brussels and Strasbourg on Wednesday, 21 October, as part of an investigation into alleged financial irregularities involving the former Identity and Democracy (ID) parliamentary group.

The investigation concerns approximately €4.33 million in European Union funds that were allegedly improperly spent during the 2019–2024 parliamentary term. The European Public Prosecutor’s Office (EPPO) confirmed that searches had taken place in connection with an ongoing inquiry into the use of EU funds by a former parliamentary group.

The premises searched are now occupied by Patriots for Europe, the European Parliament’s third-largest political group, which includes France’s National Rally, Hungary’s Fidesz, Italy’s Lega and Spain’s Vox. Patriots for Europe insists that it has no legal continuity with Identity and Democracy and denies being involved in the investigation.

Investigation into parliamentary expenditure

The European Public Prosecutor’s Office opened its investigation in July 2025 following concerns identified by the European Parliament’s financial administration about expenditure incurred by Identity and Democracy.

The former group, which dissolved following the 2024 European elections, included representatives of France’s National Rally, Italy’s Lega and Germany’s Alternative for Germany.

According to details of the parliamentary financial examination subsequently reported in France, investigators are examining approximately €3.6 million in contracts awarded to external service providers, including businesses with political connections to parties represented within the former group.

The financial examination also identified more than €700,000 in donations to organisations whose activities were allegedly unrelated to the parliamentary group’s official functions.

The authorities are examining whether parliamentary resources were used in accordance with EU financial rules, including restrictions on using public money for national party-political activities.

These are allegations under investigation, not criminal findings. The EPPO has not announced convictions arising from the current inquiry, and the individuals and organisations concerned retain the presumption of innocence.

Earlier investigative measures were conducted in France, Belgium, Spain and Italy in June 2026. Wednesday’s searches mark a further stage in the proceedings.

Can Patriots for Europe inherit the liabilities?

The investigation has opened a separate dispute over whether Patriots for Europe could be required to repay money allegedly misspent by its predecessor.

Identity and Democracy ceased to exist after the 2024 elections. Several parties previously represented in the group subsequently joined Patriots for Europe, a new parliamentary formation that also brought together Viktor Orbán’s Fidesz and Spain’s Vox.

Patriots for Europe maintains that the two groups are legally separate. Its representatives argue that the dissolution of Identity and Democracy ended that group’s institutional existence and that the present parliamentary organisation is not responsible for its predecessor’s financial affairs.

However, the European Parliament’s budgetary authorities have examined whether responsibility for outstanding liabilities can pass to a successor group.

An opinion approved by the Parliament’s Budgetary Control Committee in September considered the circumstances in which continuity between parliamentary groups might establish financial responsibility.

Such an assessment may consider whether members, administrative personnel, operational resources and other assets were transferred from one organisation to another.

The outcome could determine whether the current group is exposed to potential repayment demands, irrespective of whether its present members were personally involved in the expenditure under investigation.

No final determination of such liability has been established through Wednesday’s searches.

Political consequences in Strasbourg

The searches come at a time when Patriots for Europe has become a major political force within the European Parliament.

Its member parties have challenged EU policy on immigration, economic regulation and the distribution of powers between Brussels and national governments. National Rally and Fidesz are also influential actors in the domestic politics of France and Hungary respectively.

An investigation involving their parliamentary organisation is therefore likely to attract scrutiny beyond the immediate financial questions.

Nevertheless, the political influence of the group and the criminal investigation must be considered separately. The presence of prosecutors at parliamentary premises does not establish wrongdoing by the current group’s MEPs.

The case also raises broader questions about financial accountability within the Parliament, particularly when a political group dissolves following an election and its members establish a new organisation.

Unlike national political parties, European parliamentary groups receive funding specifically to support their legislative, administrative and political work inside the institution.

Those resources are subject to financial controls intended to prevent their diversion into activities that should be funded by national parties or other organisations.

Further proceedings

The EPPO is responsible for investigating and prosecuting offences affecting the European Union’s financial interests. It operates independently of national governments and EU political institutions.

The European Parliament has confirmed its cooperation with the authorities but has declined to comment on the substance of the continuing investigation.

Prosecutors must now assess the evidence obtained during the searches alongside financial records and material collected during previous investigative measures.

Any decision to bring criminal proceedings would depend on the evidence available and the relevant national and European legal requirements.

Separately, the Parliament will have to establish whether any recoverable funds are owed by the former group and, if so, which organisation is legally responsible for repayment.

For Patriots for Europe, the immediate issue is not only the progress of the criminal inquiry but whether the financial arrangements of a dissolved parliamentary group can create obligations for its successor.

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Ações da fabricante da Ray-Ban disparam em maior alta diária desde 2008

As ações da EssilorLuxottica subiam mais de 14% ​nesta quarta-feira (21), depois que a ​fabricante da Ray-Ban superou as expectativas de receita do terceiro trimestre, com a demanda resiliente por seus principais produtos de óculos superando os sinais de moderação no crescimento do segmento de óculos ⁠inteligentes.

O movimento é ​um sinal de que a pressão ​sobre a maior empresa de óculos do mundo ⁠está diminuindo, cujas ações ⁠tiveram seu preço reduzido quase pela ​metade ‌após atingirem um valor de mercado recorde de ⁠149 bilhões de euros há um ano.

Analistas afirmam que a queda começou quando os investidores manifestaram preocupações com ‌a ⁠governança e ‌com o incipiente negócio de óculos inteligentes da empresa, especialmente no que diz respeito à privacidade ⁠e às expectativas de ⁠vendas.

As ações da EssilorLuxottica lideravam os ganhos no índice de ‌referência francês CAC 40 e estavam a caminho de registrar o maior salto em um único dia desde 2008.

A receita do terceiro trimestre da empresa franco-italiana ‌foi de 7,49 bilhões de euros, superando os 7,36 bilhões de euros esperados pelos analistas.

Mas, ⁠ao contrário dos trimestres anteriores, as vendas dos óculos inteligentes Ray-Ban, fabricados em parceria com a ​Meta, desaceleraram em comparação com os ritmos observados ​no início do ano, enquanto o negócio principal de óculos da EssilorLuxottica foi o principal impulsionador do crescimento.

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Arrestato l’ex ministro dell’economia ungherese Matolcsy: è accusato di corruzione e malversazione per oltre 550 miliardi di euro

Gyorgy Matolcsy, ex ministro dell’economia dei governi di Viktor Orban ed ex presidente della banca centrale ungherese Mnb, è stato arrestato con l’accusa di malversazione e corruzione. Secondo gli inquirenti, si tratta del più grande affare di malversazioni di sempre in Ungheria. Al centro dell’indagine ci sono fondazioni private, controllate dalla famiglia di Matolcsy, create dalla Banca nazionale di Ungheria sotto la sua gestione, che avrebbero operato investimenti su cui la Corte dei Conti dello Stato ha sollevato diverse perplessità. Il giro d’affari attorno a queste fondazioni sarebbe di circa 550 miliardi di euro. L’ex ministro respinge le accuse sostenendo che le fondazioni agivano in modo indipendente poiché la banca non aveva mandato per interferire con il loro operato.

Il premier Peter Magyar, che ha sconfitto Orban lo scorso aprile, ha salutato su Facebook l’arresto. Durante la campagna elettorale Magyar ha promesso una lunga e intensa battaglia contro la corruzione dei governi precedenti. È stata istituita una commissione per la revisione delle operazioni della Banca nazionale. Lo scorso maggio, inoltre, sono stati sequestrati 92 miliardi di fiorini ungheresi (l’equivalente di circa 250 milioni di euro) tra fondi e titoli a seguito di un’inchiesta per riciclaggio di denaro che ha coinvolto alcune fondazioni istituite dalla banca centrale negli anni scorsi.

L'articolo Arrestato l’ex ministro dell’economia ungherese Matolcsy: è accusato di corruzione e malversazione per oltre 550 miliardi di euro proviene da Il Fatto Quotidiano.

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Arrestato l’ex ministro dell’economia ungherese Matolcsy: è accusato di corruzione e malversazione per oltre 550 miliardi di euro

Gyorgy Matolcsy, ex ministro dell’economia dei governi di Viktor Orban ed ex presidente della banca centrale ungherese Mnb, è stato arrestato con l’accusa di malversazione e corruzione. Secondo gli inquirenti, si tratta del più grande affare di malversazioni di sempre in Ungheria. Al centro dell’indagine ci sono fondazioni private, controllate dalla famiglia di Matolcsy, create dalla Banca nazionale di Ungheria sotto la sua gestione, che avrebbero operato investimenti su cui la Corte dei Conti dello Stato ha sollevato diverse perplessità. Il giro d’affari attorno a queste fondazioni sarebbe di circa 550 miliardi di euro. L’ex ministro respinge le accuse sostenendo che le fondazioni agivano in modo indipendente poiché la banca non aveva mandato per interferire con il loro operato.

Il premier Peter Magyar, che ha sconfitto Orban lo scorso aprile, ha salutato su Facebook l’arresto. Durante la campagna elettorale Magyar ha promesso una lunga e intensa battaglia contro la corruzione dei governi precedenti. È stata istituita una commissione per la revisione delle operazioni della Banca nazionale. Lo scorso maggio, inoltre, sono stati sequestrati 92 miliardi di fiorini ungheresi (l’equivalente di circa 250 milioni di euro) tra fondi e titoli a seguito di un’inchiesta per riciclaggio di denaro che ha coinvolto alcune fondazioni istituite dalla banca centrale negli anni scorsi.

L'articolo Arrestato l’ex ministro dell’economia ungherese Matolcsy: è accusato di corruzione e malversazione per oltre 550 miliardi di euro proviene da Il Fatto Quotidiano.

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Detenido György Matolcsy, exjefe del banco central de Hungría y estrecho colaborador de Orbán

György Matolcsy, exgobernador del Banco Nacional de Hungría, ha sido detenido a primera hora de la mañana de este miércoles y está siendo investigado por la Fiscalía por varios casos de malversación y fraude presuntamente cometidos durante su mandato. Un informe de la Oficina Estatal de Auditoría ya había planteado dudas sobre las inversiones realizadas por fundaciones controladas por Matolcsy y por su sociedad gestora de activos.

Seguir leyendo

© SZILARD KOSZTICSAK (efe)

Orbán y Matolcsy, en una imagen de archivo.
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A student protest movement has gripped Serbia for two years. This weekend it will try to take power

Unorthodox campaign is challenging the ruling party’s 14-year reign with a bold democratic experiment

On a cool autumn evening, a team of Serbian student volunteers went canvassing in the housing estates of Krnjača, a Belgrade suburb. They were equipped with lanyards emblazoned with the word “victory”, a stock list of questions and a mobile app that mapped visited homes and the level of support in each.

The volunteers were part of a mass student movement, Student List, that has rocked Serbia with two years of constant protests. On Sunday, the group will represent the most serious challenge Aleksandar Vučić has faced in his 12 increasingly authoritarian years in power, by putting forward their own candidates in parliamentary elections.

Continue reading...

© Photograph: Marko Đurica/Reuters

© Photograph: Marko Đurica/Reuters

© Photograph: Marko Đurica/Reuters

  •  

A student protest movement has gripped Serbia for two years. This weekend it will try to take power

Unorthodox campaign is challenging the ruling party’s 14-year reign with a bold democratic experiment

On a cool autumn evening, a team of Serbian student volunteers went canvassing in the housing estates of Krnjača, a Belgrade suburb. They were equipped with lanyards emblazoned with the word “victory”, a stock list of questions and a mobile app that mapped visited homes and the level of support in each.

The volunteers were part of a mass student movement, Student List, that has rocked Serbia with two years of constant protests. On Sunday, the group will represent the most serious challenge Aleksandar Vučić has faced in his 12 increasingly authoritarian years in power, by putting forward their own candidates in parliamentary elections.

Continue reading...

© Photograph: Marko Đurica/Reuters

© Photograph: Marko Đurica/Reuters

© Photograph: Marko Đurica/Reuters

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