Tag: Facebook

Meta tests in-house AI chip to reduce reliance on Nvidia
News Tech

Meta to remove Facebook news from UK, others

Meta on Tuesday said that it would discontinue Facebook News in the United Kingdom, Germany, and France beginning in the first few days of December. The social media company stated that it was part of its “ongoing effort to better align our investments to our products and services people value the most.” For those who […]

Meta unveils Llama API to attract developers, compete in AI race
News Tech

Faceebook adamant on ban as Canada unveils new rules

Canada said it was addressing the concerns of digital corporations when it revealed new regulations for a law requiring internet giants to pay news organisations on Friday. Facebook declared that it would continue its efforts to censor local news. Canada said that the proposed regulations, which are intended to put the recently approved Online News […]

Meta to shut down Facebook Messenger Lite September
News Tech

Meta to shut down Facebook Messenger Lite September

Meta is discontinuing Messenger Lite, their lightweight, simplified version of Messenger, according to TechCrunch. “use Messenger to keep chatting” messages have started appearing for users alerting them to switch to Messenger. For new users, the app has been taken down from the Google Play Store, and it won’t be accessible to current users after September […]

Meta launches AI model for language translation
News

Meta launches AI model for language translation

Alex Omenye Facebook’s parent company Meta on Tuesday launched an AI model that can translate and transcribe speech in a wide range of languages. This serves as a possible cornerstone for products that enable real-time communication across language barriers. The company claimed in a blog post that their SeamlessM4T model could combine technology that was […]

Meta to give EU users more power over Facebook, IG content
News

Meta to give EU users more power over Facebook, IG content

  Facebook and Instagram parent company, Meta has disclosed that Facebook and Instagram users in Europe will have greater control over how they view content. A new landmark EU rule mandates that internet service providers  actively filter material to safeguard consumers, particularly against hate speech and disinformation. Meta, the parent company of Facebook, Amazon, Apple, […]

Meta scraps fact-checking program, introduces X-like community notes feature
News Tech

Canadian news platforms demand Facebook probe over news blockage

Canadian news groups on Tuesday urged the Canadian antitrust watchdog to look into Meta Platforms’ move to stop allowing journalism on its platforms. “Through its decision to block news content from its digital platforms, Meta seeks to impair Canadian news organizations’ ability to compete effectively in the news publishing and online advertising markets,” news industry […]

Meta scraps fact-checking program, introduces X-like community notes feature
Tech

Meta hits $10bn Reels revenue, narrows in on TikTok

When Meta Platforms introduced Reels as its answer to TikTok in 2020, it faced skepticism and accusations of imitation. However, recent numbers revealed by Meta show that reels is rapidly gaining traction among users and advertisers, positioning itself as a formidable contender against TikTok. Reels, accessible on both Facebook and Instagram, owes part of its […]

Mark Zuckerberg beats Elon Musk in billionaire rankings
News Tech

Facebook hits 3bn monthly active users

Facebook has more than 3 billion active monthly users, according to the most recent quarterly data from Meta. There were 3.88 billion monthly active users across the entire family of Meta apps, which also includes WhatsApp, Instagram, Messenger, and the recently released Threads. That is over half of all people on the planet. In comparison […]

Facebook to shut down news tab in US, Australia
News Tech

Australia fines Facebook $14m for data gathering

A court in Australia ordered Facebook owner Meta to pay a total of A$20 million ($14 million) in fines for secretly gathering user data through a smartphone software that was marketed as a privacy protector. The decision on Wednesday concerned Onavo, a virtual private network service that the business, then known as Facebook, provided from […]

Meta platforms restored after hour-long global outage
News

Meta platforms restored after hour-long global outage

Meta Platforms, the parent company of popular social media apps Instagram and Facebook, as well as messaging app WhatsApp and Twitter competitor, Threads, is reportedly back after a global outage. The platform experienced a temporary outage on Monday, affecting thousands of users. According to Downdetector.com, the outage lasted over an hour and impacted approximately 14,000 […]

Business

Metaverse to contribute $760bn to US GDP by 2035 – Report

A study commissioned by the owner of Facebook, Meta Platforms, has revealed that Metaverse could contribute up to $760 billion, or about 2.4 per cent of the annual US gross domestic product by 2035. The report, conducted by consulting firm Deloitte and accessed by Reuters, suggests that economic gains could come from the use of […]

Mark Zuckerberg beats Elon Musk in billionaire rankings
Business

Meta launches paid IG, Facebook blue tick in US

Meta has on Friday announced the launch of its subscription service in the United States. The service will allow Facebook and Instagram users to pay for verification and obtain a blue badge, similar to what is currently offered by Twitter, which is owned by Elon Musk. The service, known as Meta Verified, will require users […]

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