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Army discovers stolen 1m litres crude oil in Rivers

Navy destroys 800 illegal refineries, recovers 171,000 stolen

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Afreximbank targets billions in deals at 32nd annual meetings

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Meta cuts prices for VR headset second time in 2024
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Meta unveils $399 ‘performance AI’ Oakley smart glasses for athletes

Meta and EssilorLuxottica on Friday introduced a new line of Oakley smart glasses, featuring Meta’s built-in AI assistant. Named the Oakley Meta HSTN, the device is the latest innovation to emerge from the companies’ ongoing multiyear collaboration. The HSTN smart glasses — pronounced “how-stun” — are designed with athletes in mind and start at $399. […]

Meta splits AI division to accelerate product development

Facebook videos to become reels as Meta makes content shift

Meta Platforms, the parent company of Facebook and Instagram, announced on Tuesday that all new videos uploaded to Facebook will soon be categorized as Reels, marking a significant shift in how video content is published and consumed on the platform. Under the new policy, Reels on Facebook will no longer be restricted by length or […]

WhatsApp rolls out voice note transcription feature in India

Meta to show more advert on WhatsApp

WhatsApp is introducing three significant advertising features as part of a global rollout, marking a pivotal shift in its monetization strategy. Meta announced on Monday that businesses can now run status ads on WhatsApp, which appear only in the app’s “Updates” tab to keep ads separate from personal chats. These ads invite users to engage […]

Meta hires Scale AI CEO in $14.3bn deal

Meta hires Scale AI CEO in $14.3bn deal

Meta has hired Scale’s 28-year-old CEO, Alexandr Wang to lead a new division after acquiring a 49% stake in Scale AI for $14.3 billion, valuing the San Francisco-based data-labeling startup at $29 billion. Meta confirmed that Wang will now lead its newly established “superintelligence” division, a strategic move expected to bolster the company’s efforts in […]

Meta, TikTok challenge EU tech fee in court

Tech giants Meta and TikTok took their dispute with European regulators to the General Court of the European Union on Wednesday, arguing that a supervisory fee imposed under the Digital Services Act is unfair, disproportionate, and based on flawed calculations. The DSA, which came into force in 2022, imposes an annual supervisory fee of 0.05% […]

Meta splits AI division to accelerate product development

Meta unveils AI ‘world model’ for robotics, self-driving cars

Meta, the parent company of Facebook and Instagram announced on Wednesday that it is rolling out a new AI “world model” capable of understanding 3D environments and the movement of physical objects more effectively. Meta said it launched V-JEPA 2, an open-source AI model designed to understand, predict, and plan in the physical world. As […]

Meta launches specialised team to develop Artificial General Intelligence – Report

Meta Platforms, under the leadership of CEO Mark Zuckerberg, is reportedly forming a specialized team focused on artificial general intelligence, according to a Bloomberg report. This secretive unit, internally dubbed the superintelligence group, represents Meta’s most significant AGI effort to date. While exact goals remain undisclosed, the formation of this group is said to signals […]

Meta splits AI division to accelerate product development

Meta in talks to invest over $10b in startup Scale AI

Meta Platforms is reportedly in advanced discussions to invest over $10 billion in Scale AI, a fast-growing artificial intelligence data labeling startup. The deal, which could significantly bolster Meta’s AI capabilities, remains under negotiation and terms may still shift, sources familiar with the matter, according to Bloomberg. Founded in 2016, Scale AI has emerged as […]

Meta plans full AI-driven Ad creation by 2026 - Report

Meta plans full AI-driven Ad creation by 2026 – Report

Meta Platforms is aiming to give advertisers the ability to fully generate and target ads using artificial intelligence by the end of next year. The owner of Facebook and Instagram—platforms with a combined 3.43 billion unique active users globally—is increasingly leaning on AI to automate and personalize advertising, The Wall Street Journal reported. current AI […]

Meta splits AI division to accelerate product development

Meta splits AI division to accelerate product development

Meta is reorganizing its artificial intelligence operations, dividing its AI division into two separate teams in an effort to speed up product development. Under the new structure, which does not involve any job cuts, Meta’s AI staff will be assigned to one of two groups: an AI Products team focused on consumer applications, and an […]

Meta launches ‘Llama for Startups’ program to drive AI models adoption

Meta launches ‘Llama for Startups’ program to drive AI models adoption

Meta is introducing a new initiative aimed at encouraging early-stage companies to build with its Llama AI models. The program, called Llama for Startups, offers eligible U.S.-based startups direct technical support and, in some cases, financial assistance. Announced this week, the program is open to firms that are incorporated in the United States, have raised […]

Meta delays release of flagship ‘Behemoth’ AI over performance concerns

Meta delays release of flagship ‘Behemoth’ AI over performance concerns

Meta Platforms is postponing the release of its highly anticipated “Behemoth” artificial intelligence model due to internal concerns about its performance, The Wall Street Journal reported on Thursday, citing sources familiar with the matter. Engineers at the social media giant are reportedly struggling to make substantial improvements to the Behemoth large language model, raising internal […]

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