Meta’s sales came in at $42.3 billion, with second-quarter revenue projected between $42.5 and $45.5 billion. Ad revenue was up 16% year-over-year
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Meta has unveiled a standalone AI app at the company’s LlamaCon event on Tuesday. This app allows users to access Meta AI via an app, similar to OpenAI’s ChatGPT
CognitiveLab, a Bangalore-based research group has become one of the recipients of Meta’s 2024 Llama Impact awards
EU regulators on Wednesday said Apple and Meta were the first companies to be penalized for violating a new law intended to increase competition in the digital economy
The FTC sued ride-hailing giant Uber on Monday, alleging “deceptive” billing and cancellation practices in its Uber One subscription service
Meta CEO and founder Mark Zuckerberg spent more than 10 hours on the witness stand in the social media empire’s landmark antitrust trial
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