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Tag: Meta

Tech billionaires lose $34.4bn amid market sharp decline
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Meta plans $10bn subsea cable project to boost global infrastructure

Mark Zuckerberg’s Meta, the parent company of Facebook, Instagram, and WhatsApp, is reportedly set to invest over $10 billion in a vast subsea cable project stretching more than 40,000 kilometers. This major undertaking, still in its early stages, would mark Meta’s first fully owned and operated subsea cable, according to sources familiar with the company’s […]

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Orange partners OpenAI, Meta to develop African-language AI models

French telecom giant Orange announced a partnership with Microsoft-backed OpenAI and Meta to develop custom AI models that better understand regional African languages. Orange is collaborating with OpenAI and Meta to create custom AI models based on their Whisper and Llama open-source frameworks. These models aim to better understand West African languages, which are often […]

Meta slammed by oversight board over content policy overhaul
Tech

Meta to appeal addiction lawsuits against Facebook, Instagram

Meta Platforms Inc. has announced its intention to appeal court rulings that allow multiple states and school districts to continue their lawsuits against the company, which accuse Facebook and Instagram of contributing to a youth mental health crisis. The tech giant filed notices to appeal to the US Ninth Circuit Court of Appeals after a […]

Meta lays off staff in Reality Labs division amid ongoing restructuring
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Meta announces job cuts across Instagram, WhatsApp, Reality Labs

Meta Platforms Inc. is laying off employees across several divisions, including Instagram, WhatsApp, and Reality Labs, according to a report from The Verge. A Meta spokesperson confirmed to Reuters that certain teams are undergoing changes to better align with the company’s long-term strategic goals and location strategies. “This includes moving some teams to different locations […]

Meta expands AI chatbot availability to 21 new markets
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Meta expands AI chatbot availability to 21 new markets

Meta Platforms announced on Wednesday that its artificial intelligence chatbot, Meta AI, will be launched in 21 new markets as part of its effort to compete with OpenAI’s ChatGPT. In a move to attract more users, technology companies are enhancing their AI chatbots with new features and broader language support. Currently, Meta AI boasts nearly […]

Meta lays off staff in Reality Labs division amid ongoing restructuring
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Meta unveils AI video generator to tackle OpenAI

Meta has announced the launch of its new AI model, Movie Gen, on Friday, a technology designed to generate realistic video and audio clips based on user prompts. The company claims that Movie Gen is poised to compete with industry leaders such as OpenAI and ElevenLabs. In demonstrations shared by Meta, Movie Gen showcased its […]

Meta slammed by oversight board over content policy overhaul
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Meta to make Facebook creators earn money easily

Meta is streamlining its three monetization programs for Facebook to simplify the process for creators looking to earn on the platform. Previously, creators could monetize their content through in-stream ads, ads on Reels, and performance bonuses, each with distinct eligibility criteria and sign-up procedures. The new Facebook Content Monetization program aims to consolidate these options, […]

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Meta partners UK banks to combat scams

Meta, the parent company of Facebook, announced on Wednesday that it is collaborating with two major banks in the U.K. to establish an information-sharing arrangement aimed at protecting consumers from fraud. The company said it is expanding its Fraud Intelligence Reciprocal Exchange to allow U.K. banks to directly share information with Meta, enhancing its ability […]

Meta tests in-house AI chip to reduce reliance on Nvidia
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Meta faces €91m fine for privacy breach in Ireland

Meta has been issued a hefty privacy penalty in Europe, with Ireland’s Data Protection Commission announcing a €91 million fine (approximately $101.5 million) on Friday. This follows a multiyear investigation into a significant security breach that occurred in 2019 involving Facebook’s parent company. The DPC initiated an inquiry in April 2019 after Meta disclosed that […]

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Meta AI has almost 500m monthly users – Zuckerberg

Meta CEO Mark Zuckerberg announced that Meta AI has reached “almost” 500 million monthly active users, positioning it as one of the most widely used AI assistants globally. Zuckerberg emphasized the potential for further growth during Meta Connect 2024 on Wednesday, noting that Meta AI has yet to launch in several major markets, including the […]

Meta unveils updates to Ray-Ban smart glasses
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Meta unveils updates to Ray-Ban smart glasses

Meta CEO Mark Zuckerberg at the Meta Connect 2024 on Wednesday, announced updates to the company’s Ray-Ban Meta smart glasses, reinforcing Meta’s vision of making smart glasses the next essential consumer device. The upcoming enhancements include advanced AI capabilities and features familiar to smartphone users, set to roll out later this year. Among the new […]

Meta unveils John Cena, Kristen Bell, others as new AI voice clones
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Meta unveils John Cena, Kristen Bell, others as new AI voice clones

Meta at the Meta Connect 2024 developer conference in Menlo Park on Wednesday morning, announced an upgrade to its AI capabilities. Meta AI can now respond verbally to user questions across Instagram, Messenger, WhatsApp, and Facebook. Users can choose from several voices, including AI clones of celebrities such as Awkwafina, Dame Judi Dench, John Cena, […]

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