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Tag: Meta

Tech giant Meta has unveiled ambitious plans to construct some of the largest artificial intelligence data centres on the planet,
News

Meta CEO Zuckerberg loses $18bn as stock decline

The latest quarterly earnings call for Meta, led by CEO Mark Zuckerberg, resulted in a seismic shift in the tech mogul’s net worth. A jaw-dropping loss of $18 billion ensued as Meta’s stock took a sharp nosedive in the aftermath of the call. Despite Meta exceeding revenue and profit expectations, investor confidence faltered as the […]

Tech giant Meta has unveiled ambitious plans to construct some of the largest artificial intelligence data centres on the planet,
Tech

Threads tests new feature as monthly users pass 150m

The founder of Meta, Mark Zuckerberg, has said that Threads, a social networking app that is competing with X, formerly Twitter, has reached 150 million monthly active users, up from 130 million in February. This was disclosed by Zuckerberg while Speaking on Wednesday, April 24, during Meta’s Q1 2024 earnings call, according to Znet. Zuckerberg […]

Meta plans fourth AI overhaul in six months
News

Terrorism: Meta spokesperson bags six years imprisonment by Russian court

A military court in Moscow has sentenced Meta spokesperson Andy Stone to six years in prison for “publicly defending terrorism,” in absentia. Meta, according to RIA news agency was categorized as an extremist organization in Russia, and has had its Facebook and Instagram platforms banned in the country since 2022, following Russia’s invasion of Ukraine. […]

Meta cuts prices for VR headset second time in 2024
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Meta cuts prices for VR headset second time in 2024

Meta has slashed the price of its Quest 2 VR headset for the second time this year, marking a permanent reduction. The base model, boasting 128GB of storage, now retails at $199, down from its previous price of $249. Prior to January 2, the headset was priced at $299. This price adjustment coincides with Meta’s […]

Meta plans fourth AI overhaul in six months
News

Meta launches early version of Llama 3 AI model

Meta unveiled early versions of its latest large language model, Llama 3, along with an image generator that updates images in real time while users type prompts, in a bid to keep pace with market leader OpenAI in the generative AI space. These models will be integrated into Meta’s virtual assistant, Meta AI, which the […]

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

Meta tests messaging between Threads, Instagram without DMs

Meta is currently testing messaging capabilities that leverage Instagram’s inbox but allow for initiating new messages directly from the Threads app. Some Threads users have already spotted this feature, noticing a “message” button on other users’ profiles where the “mention” feature used to reside. A spokesperson from Meta confirmed the testing phase, stating that the […]

Tech giant Meta has unveiled ambitious plans to construct some of the largest artificial intelligence data centres on the planet,
News

Meta launches AI chips for IG, Facebook, WhatsApp

Meta revealed details on Wednesday regarding the forthcoming iteration of the company’s proprietary artificial intelligence accelerator chip. Earlier this year, Meta announced its intentions to roll out a new iteration of a custom data center chip aimed at addressing the increasing computational demands required to operate AI-driven products across Facebook, Instagram, and WhatsApp. Internally known […]

Meta launches feature for users to create albums
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Meta launches feature for users to create albums

Meta on Tuesday unveiled a series of updates to its Messenger platform, introducing new functionalities aimed at enhancing user experience. Among the new features is the ability for Messenger users to create shared albums in chats, send photos in high-definition, and share larger files up to 100MB in size. These additions are specifically targeted towards […]

Meta implements age verification measures for Quest users
News

Meta implements age verification measures for Quest users

Meta has unveiled a new measure aimed at ensuring age-appropriate experiences for Quest 2 and 3 users by prompting them to confirm their age by reentering their birthdays. This feature, Meta explained, aims to provide the “right experience, settings, and protections for teens and preteens.” For teenagers aged 13 to 17, their profiles will automatically […]

Meta launches AI voice translation on Facebook, Instagram
News

Meta to monetize Instagram for Nigerian creators June 2024

Meta, led by former United Kingdom Deputy Prime Minister and Meta’s President of Global Affairs, Sir Nick Clegg, has announced that the Instagram app will soon feature a monetization option for Nigerian creators, allowing them to earn from their content. This feature, slated for release in June 2024, aims to empower indigenous content creators to […]

Meta's deep sea cable sparks $37B African economic boost
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Meta’s deep sea cable sparks $37B African economic boost

Onwubuke Melvin Former UK Deputy Prime Minister and Meta’s President of Global Affairs, Nick Clegg revealed that the Meta-backed deep-sea cable has the potential to generate approximately $37 billion in economic activity across Africa. This was disclosed in a statement by the Special Adviser to the President, Ajuri Ngelale, on Thursday. According to the statement, […]

EU antitrust boss warns Apple, Meta over new fees
News

EU antitrust boss warns Apple, Meta over new fees

EU antitrust chief Margrethe Vestager cautioned Apple and Meta on Tuesday regarding their new service fees, suggesting that such fees could impede users from benefiting fully from the Digital Markets Act, designed to enhance consumer choice. Apple’s recent fee adjustments, announced in January to comply with EU tech regulations, have drawn scrutiny, particularly the introduction […]

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