Meta says it will fight a $831 million fine levied against the tech giant by the European Union. A company spokesperson told Bloomberg News on Wednesday (Jan. 29) that Meta was appealing the fine. The penalty came after the EU alleged that Meta was tapping...
Meta plans to invest $60 billion to $65 billion in capital expenditures and grow its artificial intelligence (AI) teams “significantly” this year, CEO Mark Zuckerberg said in a Friday (Jan. 24) post on Facebook. Saying this will be a “defining year” for AI, Zuckerberg said Meta is...
Meta’s use of fact checkers will reportedly continue, at least outside the U.S. The social media giant has decided to phase out fact-checking in the U.S. in favor of a community notes system, but wants to see how that changes goes before determining how to...
Meta’s CEO criticized Apple for a lack of innovation and “random rules,” on a recent podcast. And those rules, Mark Zuckerberg argued, hinder Meta’s profits, CNBC reported Friday (Jan. 10), citing comments made on an episode of the “Joe Rogan Experience” podcast. “On the one...
Meta reportedly expects to see artificial intelligence (AI) characters generating content on its social media platforms Instagram and Facebook. These AI characters will exist alongside existing accounts on the platforms, Connor Hayes, vice president of product for generative AI at Meta, told the Financial Times...
Instagram will soon make up half of parent company Meta’s advertising revenues in the United States. The photo-and-video-sharing app will exceed $32 billion in U.S. ad revenue next year, Bloomberg reported Wednesday (Dec. 18), citing data from Emarketer. That’s a 24% increase from this year....
Meta has unveiled a foundation model for controlling the behavior of virtual embodied humanoid agents, saying it will enhance the Metaverse. The new Meta Motivo enables these agents to learn human-like movements and perform complex tasks, the company said in a Thursday (Dec. 12) blog post....
Meta has launched a pre-holiday anti-scam awareness campaign to keep users safe. “Scammers are persistent and try to trick people in a variety of ways — malicious texts and emails, websites impersonating known brands, posts on social media, visual discovery platforms and discussion forums, and...
Meta has unveiled a more efficient artificial intelligence (AI) model that could slash computing costs for businesses adopting AI technology. “Llama 3.3 improves core performance at a significantly lower cost, making it even more accessible to the entire open-source community,” Meta’s Vice President of Generative...