Kurt Wagner Bloomberg
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Meta Faces FTC Trial With Instagram, WhatsApp Breakup at Risk
The US Federal Trade Commission is targeting Meta's deals for Instagram and WhatsApp in a landmark antitrust lawsuit set to go to trial Monday, alleging that the acquisitions were illegal, should never have been approved and should be broken up.
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ByteDance Confirms US Talks on TikTok After Trump Gives 75-Day Extension for Deal to Save App
ByteDance confirmed it’s in discussions with the US government about plans to keep TikTok running in the US. For the second time now, US President Donald Trump extended a deadline for the Chinese company to divest the app’s American operations. The latest extension permits the president to give a “one-time extension of not more than 90 days.
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Meta Starts Eliminating Jobs in Shift to Find AI Talent
Meta has started notifying “low-performers” that they are being laid off. The company is scouring for new talent to dominate the AI race. The company is offering US-based employees severance packages that include 16 weeks of salary, in addition two weeks for each year of service.
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Mark Zuckerberg Says Meta to Spend Up to $65 Billion on AI in 2025
Mark Zuckerberg plans to invest as much as $65 billion (roughly Rs. 5,61,908 crore) on projects related to artificial intelligence in 2025. Zuckerberg’s announcement comes days after OpenAI, SoftBank Group Corp. and Oracle Corp. announced a $100 billion (roughly Rs. 8,64,404 crore) joint venture called Stargate to build out data centers and A...
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Meta Opens Its AI Models To US Defence Agencies And Contractors
The Facebook-parent company is making its large language models, called Llama, available to more than a dozen US agencies and contractors.
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Microsoft Hires Meta's Former Engineering Head Jay Parikh
Microsoft Corp, which is struggling to bring data centers online fast enough to meet the demand for its artificial intelligence products, hired one of the engineering chiefs who kept Facebook's infrastructure humming.
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Meta Warns of Worsening AI Losses After Sales Narrowly Beat
Meta CEO Mark Zuckerberg said the company will ramp up heavy investments in AI and other futuristic technologies. The Meta executive has warned investors that the firm will continue to spend significantly on infrastructure and other projects like the metaverse and AI-powered glasses.
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Meta Bans Accounts Tracking Private Jets for Mark Zuckerberg, Elon Musk
Meta has removed several accounts across Threads and Instagram that were used to track celebrities’ private jets. The accounts, which rely on publicly available information to track a jet’s location and CO2 emissions, among other details, were banned without warning this week after Meta updated its privacy policy.
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Elon Musk's X Sued for $20 Million in Shares by Ex-Twitter Chairman
A former Twitter chairman has sued Elon Musk's X platform for $20 million in shares, after the billionaire allegedly refused to pay the ex-executive's compensation. Earlier this year, former Twitter executives previously sued Elon Musk for allegedly withholding more than $128 million in severance payments after they were ousted.
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Zuckerberg "Not Planning" To Endorse Biden Or Trump In US Presidential Polls
Mark Zuckerberg said that former President Donald Trump's immediate reaction after being shot was "badass" and inspiring, and helps explain his appeal to voters.
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Mark Zuckerberg Creates Council Of Executives To Advise Meta On AI Products
Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg has created a new product advisory council - a group that will meet periodically with Meta's management team and offer guidance on the company's artificial intelligence.
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Elon Musk-Owned X to Summarise News Events Within App Using Grok AI
X, the social network owned by Elon Musk, will start summarizing news events inside the app by using xAI’s chatbot, Grok. The AI-generated summaries will rely on user tweets — not third-party news articles — and will only be available to premium subscribers, the company announced on Friday.
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Elon Musk Reverses Course, Gives Away Some Blue Checkmarks For Free
X owner Elon Musk is giving away free premium features - including the once-coveted blue verification checkmarks - to some of the social network's most popular users.
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Elon Musk's X Is Testing "Adult Content" Communities For Users
X, the social network formerly known as Twitter, is testing a feature that lets users create or join communities focused on "adult content" or other "not safe for work" material.
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Meta To Cut 10,000 Jobs, Slash 5,000 More Vacant Positions
Meta Platforms Inc. plans to lay off around 10,000 employees and close about 5,000 additional open roles in its second major round of job cuts in the past six months.
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Meta Faces FTC Trial With Instagram, WhatsApp Breakup at Risk
The US Federal Trade Commission is targeting Meta's deals for Instagram and WhatsApp in a landmark antitrust lawsuit set to go to trial Monday, alleging that the acquisitions were illegal, should never have been approved and should be broken up.
-
ByteDance Confirms US Talks on TikTok After Trump Gives 75-Day Extension for Deal to Save App
ByteDance confirmed it’s in discussions with the US government about plans to keep TikTok running in the US. For the second time now, US President Donald Trump extended a deadline for the Chinese company to divest the app’s American operations. The latest extension permits the president to give a “one-time extension of not more than 90 days.
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Meta Starts Eliminating Jobs in Shift to Find AI Talent
Meta has started notifying “low-performers” that they are being laid off. The company is scouring for new talent to dominate the AI race. The company is offering US-based employees severance packages that include 16 weeks of salary, in addition two weeks for each year of service.
-
Mark Zuckerberg Says Meta to Spend Up to $65 Billion on AI in 2025
Mark Zuckerberg plans to invest as much as $65 billion (roughly Rs. 5,61,908 crore) on projects related to artificial intelligence in 2025. Zuckerberg’s announcement comes days after OpenAI, SoftBank Group Corp. and Oracle Corp. announced a $100 billion (roughly Rs. 8,64,404 crore) joint venture called Stargate to build out data centers and A...
-
Meta Opens Its AI Models To US Defence Agencies And Contractors
The Facebook-parent company is making its large language models, called Llama, available to more than a dozen US agencies and contractors.
-
Microsoft Hires Meta's Former Engineering Head Jay Parikh
Microsoft Corp, which is struggling to bring data centers online fast enough to meet the demand for its artificial intelligence products, hired one of the engineering chiefs who kept Facebook's infrastructure humming.
-
Meta Warns of Worsening AI Losses After Sales Narrowly Beat
Meta CEO Mark Zuckerberg said the company will ramp up heavy investments in AI and other futuristic technologies. The Meta executive has warned investors that the firm will continue to spend significantly on infrastructure and other projects like the metaverse and AI-powered glasses.
-
Meta Bans Accounts Tracking Private Jets for Mark Zuckerberg, Elon Musk
Meta has removed several accounts across Threads and Instagram that were used to track celebrities’ private jets. The accounts, which rely on publicly available information to track a jet’s location and CO2 emissions, among other details, were banned without warning this week after Meta updated its privacy policy.
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Elon Musk's X Sued for $20 Million in Shares by Ex-Twitter Chairman
A former Twitter chairman has sued Elon Musk's X platform for $20 million in shares, after the billionaire allegedly refused to pay the ex-executive's compensation. Earlier this year, former Twitter executives previously sued Elon Musk for allegedly withholding more than $128 million in severance payments after they were ousted.
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Zuckerberg "Not Planning" To Endorse Biden Or Trump In US Presidential Polls
Mark Zuckerberg said that former President Donald Trump's immediate reaction after being shot was "badass" and inspiring, and helps explain his appeal to voters.
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Mark Zuckerberg Creates Council Of Executives To Advise Meta On AI Products
Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg has created a new product advisory council - a group that will meet periodically with Meta's management team and offer guidance on the company's artificial intelligence.
-
Elon Musk-Owned X to Summarise News Events Within App Using Grok AI
X, the social network owned by Elon Musk, will start summarizing news events inside the app by using xAI’s chatbot, Grok. The AI-generated summaries will rely on user tweets — not third-party news articles — and will only be available to premium subscribers, the company announced on Friday.
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Elon Musk Reverses Course, Gives Away Some Blue Checkmarks For Free
X owner Elon Musk is giving away free premium features - including the once-coveted blue verification checkmarks - to some of the social network's most popular users.
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Elon Musk's X Is Testing "Adult Content" Communities For Users
X, the social network formerly known as Twitter, is testing a feature that lets users create or join communities focused on "adult content" or other "not safe for work" material.
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Meta To Cut 10,000 Jobs, Slash 5,000 More Vacant Positions
Meta Platforms Inc. plans to lay off around 10,000 employees and close about 5,000 additional open roles in its second major round of job cuts in the past six months.
