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Meta Price Surges Over 6%

BlockBeats News, July 10th, according to BIT (bit.com) market data, Meta's gains expanded to 6%, now trading at $670.


Earlier reports, Meta denied excess hash rate, stating that sometimes renting is more valuable than self-use, and indicating plans to build 5 GW-level AI clusters simultaneously, with end-of-year computing power potentially surpassing that of OpenAI and Anthropic.

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The market is reassessing the monetization exit of Meta's massive AI expenditure.
Meta is reportedly developing a standalone prediction market app, leveraging its massive user base. However, the biggest question remains whether to introduce cash transactions.
SemiAnalysis is bullish on Meta's catching-up speed, not its current model ranking
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