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Meta investors will get free shares if Mark Zuckerberg hits 'extraordinary' targets

22 October 2026 at 13:49
Mark Zuckerberg is the founder and CEO of Meta.
Mark Zuckerberg is the founder and CEO of Meta.

Bloomberg/Getty Images

  • Meta will give its investors free shares if Mark Zuckerberg hits certain "extraordinary" targets.
  • It will pay 1:1 share dividends each time Meta stock doubles and has compounded at over 10% a year.
  • Meta is rolling out Class C shares to address Zuckerberg's tax concerns and keep him in California.

Meta stockholders are set to receive free shares if Mark Zuckerberg absolutely crushes it as CEO.

The social-media giant revealed in a Wednesday filing that if its upcoming Class C shares double from a baseline price of $580.60 to just over $1,161, and their compound annualized return since September 10 has been at least 10%, shareholders will receive a dividend: a Class C share for every Meta share they own.

If Meta stock — specifically its 30-day volume-weighted average price — doubles again to around $2,322, and has risen by at least 10% on average per year, shareholders will receive the same dividend again, and so on.

Meta, which owns Facebook, WhatsApp, Instagram, and the AI agent Muse, acknowledged how difficult it will be to unlock those dividends, describing the stock price targets as "extraordinary" in its filing.

Its stock has already surged more than sevenfold from its November 2022 low, giving Meta a nearly $1.8 trillion market capitalization that ranks it among the 10 most valuable companies in the world.

The additional dividends would be paid on top of the initial dividend declared by Meta's board on Wednesday, which will see Class A and Class B shareholders receive Class C shares on a 1:1 basis, likely in late January.

Meta is rejigging its share structure in response to Zuckerberg's concerns about California's so-called billionaire tax: a one-off, 5% wealth tax on the roughly 250 billionaires living in the state.

Zuckerberg, who ranked fifth on the Bloomberg Billionaires Index with a $247 billion net worth at Wednesday's close, will be able to sell the Class C shares to access the liquidity needed to pay the tax, avoiding a sale of his existing shares that would erode his voting power.

Meta's board took action after Zuckerberg said he was considering moving out of California because of the potential tax, and cautioned that the steps involved in relocating, such as listing his home for sale, could spark questions from employees about the company's management, the filing says.

Read the original article on Business Insider

Elon Musk says training Tesla's Optimus robot is like raising a toddler

22 October 2026 at 11:33
Elon Musk holds one of his children on his shoulders.
Elon Musk compared training Optimus to raising a toddler.

Riccardo De Luca/Anadolu via Getty Images

  • Elon Musk said a shortage of training data meant teaching Tesla's Optimus robot is like raising a toddler.
  • Tesla has built an "Optimus Academy" where robots can learn through "self-play," Musk told investors.
  • The EV giant said on Wednesday that it had begun production of Optimus.

Tesla is sending its Optimus humanoid robot back to school.

Speaking on the company's earnings call on Wednesday, CEO Elon Musk compared training the EV maker's humanoid robot to raising a toddler.

Musk said that while Tesla's autonomous driving models can learn from data collected by its massive fleet of vehicles, its Optimus robot has to learn by watching people do tasks and practicing them itself, a process similar to how humans learn.

"You can see this when you have a toddler, and they initially are sort of wobbly, and they don't know how to do things, and eventually, they learn to wipe their own ass, which is a big milestone," Musk told investors.

"They learn to read and do all sorts of things, and they learn this by playing. And we actually need Optimus to play at scale in order to have it be really good at tasks in the real world," Musk said.

Optimus
Musk said Tesla expects to begin delivering Optimus to consumers by the end of 2027.

Bloomberg/Getty Images

The Tesla CEO added that the company was building out an "Optimus Academy" where prototypes can practice a wide range of tasks and generate training data to teach future versions of Optimus.

"For Optimus to get the training data we need, we actually need to make a lot of Optimi. So we need to make, I think, on the order of 10,000 or 20,000 bots and then have them do self-play," said Musk.

Tesla said on Wednesday that it had begun production of Optimus at its Fremont factory, with Musk saying the company expects to begin delivering Optimus to customers by the end of next year.

The near-trillionaire cautioned that production would be "somewhat bumpy" and that development of the humanoid robot still has some way to go.

He listed the challenges of designing durable yet responsive robotic hands, as well as AI capable of handling open-ended tasks, among the main hurdles Tesla faces.

Tesla is not alone in setting up robot academies to provide training data for humanoid robots.

Unlike large language models like ChatGPT, which were trained on the vast corpus of text data available on the internet, robotics faces a shortage of real-world training data to teach humanoids to navigate the physical world.

Other startups, such as Texas-based Apptronik, have also set up "data factories" where robots load conveyor belts and sort objects to generate training data to combat the data shortage.

Read the original article on Business Insider

Poltrone/ Gedi, Annalisa Cuzzocrea nuova direttrice di HuffPost Italia

22 October 2026 at 11:19

Gedi, dopo Mattia Feltri arriva Annalisa Cuzzocrea per dirigere HuffPost Italia

Gedi ha annunciato la nomina di Annalisa Cuzzocrea alla direzione di HuffPost Italia. “Annalisa Cuzzocrea porta a HuffPost una solida esperienza giornalistica e una profonda conoscenza della politica e delle istituzioni. Le affidiamo la guida della testata con fiducia, certi che saprà valorizzarne l’identità e accompagnarne lo sviluppo, insieme alla redazione”, dichiara Mirja Cartia d’Asero, presidente e amministratrice delegata di Gedi.

Editorialista e inviata di Repubblica, Cuzzocrea ha seguito i principali avvenimenti politici degli ultimi anni. Nel corso della sua carriera ha lavorato a Radio Capital e Repubblica Tv, è stata vicedirettrice de La Stampa.

Gedi era in cerca di un direttore da quando a luglio di quest’anno Mattia Feltri si era dimesso dall’incarico dell’edizione italiana dello HuffPost. Feltri, che ha 57 anni, dirigeva lo HuffPost dall’aprile del 2020 ed era succeduto a Lucia Annunziata, che aveva diretto il sito sin dalla sua fondazione nel 2012. Prima di dirigere lo HuffPost aveva lavorato al Foglio e a Libero (fondato dal padre Vittorio Feltri); aveva tenuto per anni la rubrica giornaliera “Buongiorno” sulla Stampa.

LEGGI LE NOTIZIE DEL CANALE MEDIATECH

L'articolo Poltrone/ Gedi, Annalisa Cuzzocrea nuova direttrice di HuffPost Italia proviene da Affaritaliani.it.

Hugging Face is launching a new AI model that lets scientists 'chat with DNA'

22 October 2026 at 11:00
Hugging Face logo sticker over a dark website interface with AI platform text and an Explore AI Apps button.
Hugging Face released a new AI model that can analyze and generate DNA sequences.

Samuel Boivin/NurPhoto via Getty Images

  • Hugging Face released a new AI model that allows users to "chat with DNA."
  • Carbon-X can analyze and generate DNA and allows researchers to ask questions in plain language.
  • Hugging Face said the model can help researchers who work outside the big AI labs.

Hugging Face is releasing an AI model that could make it easier for scientists to study DNA and develop new genetic treatments, the company announced Thursday.

Carbon-X is a "first of its kind" model that combines DNA analysis and generation with plain language, allowing researchers to ask questions and essentially "chat with DNA," according to Lewis Tunstall, a senior research scientist at Hugging Face.

Hugging Face, which Nvidia agreed to acquire for nearly $13 billion in September, is a platform for sharing and developing AI models and also releases its own. The company worked with research labs in Italy and China on Carbon-X, which is an open-source model. Hugging Face built Carbon-X by training an existing language model, Qwen3-14B, on genomic sequences and natural language. It was trained on DNA sequences from humans, other mammals, plants, and fungi.

As an example of how Carbon-X can be used, Tunstall said a researcher could provide a DNA sequence and ask whether a particular mutation could increase a person's risk of disease. The model would then offer a prediction and explanation. It can also generate new DNA sequences, which could help researchers develop new gene therapies.

Tunstall said the company was partly motivated to build Carbon-X to prevent biology researchers from becoming dependent on the major AI labs, noting how AI has disrupted mathematics.

"If you want to really push the frontiers of mathematics, you likely have to be at one of these AI labs like OpenAI or Anthropic, because they're the ones who have the best mathematics models," he said, suggesting a similar situation is likely to play out in other fields of science.

"We wanted to provide the open research community with tools that don't make them fully dependent on some external single provider," he added.

Researchers can run Carbon-X on their own computers, avoiding the need to share sensitive patient data with external AI companies. He also said that some of the misalignment behavior observed in larger models, such as the OpenAI agents that famously hacked Hugging Face in July, has not yet been observed in smaller, more specialized models.

Tunstall said generalist chatbots also sometimes refuse to answer legitimate biology questions from researchers because they mistake them for attempts to "design a bioweapon." He said viruses were explicitly excluded from Carbon-X's training data in order to avoid misuse of the model.

While Carbon-X is likely to be used by researchers, Tunstall said the model represents a small step toward a future where AI can help provide more personalized medical care.

"I think the holy grail is, in general, this concept of personalized medicine where we're able to, as individuals, take our own patient records, our own genomes, and use this to ultimately find or even maybe design our own treatments," he said.

Read the original article on Business Insider

Trump says Google's CEO rejected his plan to change the Atlantic's name to the 'Trump Ocean'

22 October 2026 at 10:55
Donald Trump speaks at a podium with the presidential seal in an indoor venue.
After changing the names of the Gulf of Mexico and Lake Ontario, Trump has set his sights on a bigger body of water.

Anna Moneymaker/Getty Images

  • Google CEO Sundar Pichai said no when Trump asked him to rename the Atlantic Ocean, the president said.
  • Trump has floated the idea of renaming either the Atlantic or the Pacific to the "Trump Ocean."
  • Earlier this year, he issued orders to change the names of the Gulf of Mexico and Lake Ontario.

President Donald Trump's plan to rename the Atlantic Ocean hit choppy waters when he took it to Google.

At a Wednesday rally in South Carolina, Trump said he considered putting his name or "America" on one of the two oceans that flank the US: the Atlantic and the Pacific.

"I’m not going to put either Trump or America on any other ocean but these two," he told the crowd.

Then, he said, he called Google to ask about making the change on Google Maps.

The tech giant had previously changed its US labels for the Gulf of Mexico and Lake Ontario to the Gulf of America and Lake America after executive orders from the president.

"I spoke to a brilliant guy, Sundar. He heads all of Google," Trump said, referring to CEO Sundar Pichai. He also praised Google cofounder Sergey Brin, calling both men "totally brilliant guys," before joking that they were "still rattled from the Gulf."

Trump recounted putting his idea directly to Pichai: "Sundar, I’m thinking of the Atlantic Ocean. Can you handle it?"

"No, no, no. This time I’m not doing it," Trump quoted Pichai as replying. "Oceans are different, sir. They cover really a lot of countries. Please don't ask us to do that."

"So I'll probably pass," Trump told the crowd. "Should I pass it?" He then answered his own question: "I think let's keep it the Atlantic Ocean."

Google did not immediately respond to a request for comment.

It was not Trump's first ocean pitch. At a Tennessee rally in early October, he floated "Trump Ocean" or "Ocean of the Americas" for the Atlantic or Pacific.

He has also mused about renaming a river, calling New Mexico "New America," and rechristening the Strait of Hormuz the "Trump Strait."

While those ideas remain proposals, Google Maps did adopt "Gulf of America" and "Lake America" for US users after the names changed in federal records. Users in Mexico and Canada still see the original names for the gulf and lake, respectively. Users in the rest of the world see the original names, followed by Trump's new names in brackets.

The changes have created a dilemma for people who make maps for an international audience. "The issue of international acceptance is also a factor, as some nations may not accept it," Joseph Wright, CEO of Replogle Globes, told Business Insider's Joshua Nelken-Zitser after the lake order.

"We sell globes worldwide."

For now, Trump's Atlantic idea appears to have sunk before it reached Google Maps.

Read the original article on Business Insider

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