The old saying is you’ve got to spend money to make money. For Meta, notching a third quarter earnings report with record revenues, the fact remains that the long-term artificial intelligence (AI) roadmap will require as yet undefined billions of dollars of capital investments in...
Meta has reportedly fired around two dozen staffers for misusing their meal credits. The firing, as reported Wednesday (Oct. 16) by the Financial Times (FT), comes amid a wider series of layoffs at Meta. According to the report, the staff members — based in Los...
Meta’s Llama 3.2 multilingual large language models (LLMs) are now generally available in Amazon Bedrock, Amazon SageMaker and via Amazon Elastic Compute Cloud (Amazon EC2) using AWS Trainium and AWS Inferentia. This availability will offer AWS customers more options for building, deploying and scaling generative artificial intelligence (AI) applications, Amazon said...
Meta said Tuesday (Aug. 27) that it will shut down Meta Spark, its platform offering third-party tools and content, on Jan. 14. When the platform is shut down, the augmented reality (AR) effects built by third parties that it hosts will no longer be available,...
Meta has reportedly ended its work on developing a premium mixed-reality headset after seeing Apple struggle to sell its own pricey offering in that category. After planning to add a new product to compete with Apple’s Vision Pro, Meta told employees at its Reality Labs...
A funny thing happened on the way to Meta’s Q2 earnings call. As it has for many tech companies during this earnings season, discussion of actual financial results took a back seat to discussions about spending on artificial intelligence (AI). With this in mind, Meta...
Meta said it is expanding its business subscription program to users in India. The tech giant last year introduced Meta Verified for businesses on Facebook and Instagram, and recently began offering subscriptions for businesses on WhatsApp. “The expanded Meta Verified business offering on Facebook and Instagram includes the verified badge...
A Nigerian regulator has fined Meta $220 million, saying the privacy policy of the company’s WhatsApp violated the country’s data and privacy laws. The Federal Competition and Consumer Protection Commission (FCCPC) said in a Friday (July 19) press release that the company violated the Federal...
About a year after its launch, Threads has topped 175 million monthly active users. “Threads now has more than 175M monthly actives. What a year,” Meta Founder, Chairman and CEO Mark Zuckerberg said in a Wednesday (July 3) post on the text-based social media platform....