Meta CEO and founder Mark Zuckerberg spent more than 10 hours on the witness stand in the social media empire’s landmark antitrust trial
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The Federal Trade Commission’s antitrust lawsuit against Meta Platforms Inc. could have major implications for both the company and U.S. politics
Meta will face off against the FTC on Monday in a high-stakes antitrust trial that could result in the company divesting Instagram and WhatsApp
Yutori, an AI assistant startup founded by former Meta executives Devi Parikh and Dhruv Batra, has raised $15 million in funding
Israeli entrepreneur and former Meta engineering executive Roi Tiger is raising $55 million for his stealth cybersecurity startup
FuriosaAI, a South Korean AI chipmaking company, has reportedly turned down an acquisition deal from Meta worth $800 million
If Trump continues his policy of economic isolation, the current dominance of America’s “Magnificent 7” — Microsoft, Apple, Nvidia, Amazon, Meta, Alphabet, and Tesla — will become a thing of the past
Meta has begun testing its first in-house chip for training artificial intelligence, created to reduce reliance on external suppliers like Nvidia
Meta Platforms has cut back on its yearly distribution of stock options by about 10% for tens of thousands of employees despite the social media giant trading at record highs this month
Project Waterworth is set to be a multi-billion-dollar, multi-year investment, according to Meta
“We believe expanding our portfolio to invest in this field will only accrue value to Meta AI and our mixed and augmented reality programs”
“Ultimately, our goal is to create intelligent systems that can understand and respond to complex human needs, regardless of language or cultural background.”
Reportedly, Trump signed a settlement agreement at the White House on Wednesday to end the lawsuit he brought against Meta after the company suspended his account
“Meta’s Q4 performance underscores the company’s resilience in a still-uncertain digital ad market. By beating both earnings and revenue estimates, they’ve demonstrated that cost discipline and efficiency gains are paying dividends”
This slowdown in growth however, cannot be blamed on the release of DeepSeek earlier this week. So, it would seem that the AI market, particularly in the west, is facing other challenges
With Meta investing in the company’s latest $15 billion fundraising round, it makes this latest round arguably, the largest in history
Big tech companies like Meta, Apple, Amazon, Google, Microsoft, OpenAI, and Uber have each donated $1 million for the inauguration
Meta has also announced some changes to make its platforms Facebook and Instagram friendlier for TikTok creators
As of September 2024, Meta employed about 72,000 people, so a 5% reduction could affect roughly 3,600 jobs
“We’re going to get back to our roots, and focus on reducing mistakes, simplifying our policies and restoring free expression on our platforms,” Zuckerberg said
Tech giants like Microsoft, Amazon, and Tesla maintained innovation but their growth also sparked significant controversy
As the TikTok ban looms creators and businesses scramble for alternatives. Many creators are already urging their followers to connect on YouTube and Instagram, signalling a migration to Meta and Google platforms, which stand to benefit from TikTok’s woes.
Microsoft CEO Satya Nadella welcomes Parikh, saying his “expertise both as a technology leader and builder of scale systems will be an invaluable addition” to the company
Vaishnavi Jayakumar is among several Asian American techies going public with charges of discrimination and retaliation
Those on H-1B and other non-immigrant visas scrambling to find other jobs to maintain visa status.