Mark Zuckerberg says AI costs contributed to layoffs of 8,000 staffers
Meta plans to slash 8,000 jobs at the company, accounting for 10% of its workforce.
Meta
Big tech is on track to spend $1 trillion on AI this year
Tech giants are on pace to double AI spending this year.
China blocks Meta’s $2 billion acquisition of AI startup Manus
Last month, China barred the founders of the AI startup from leaving the country, as the deal was being probed on national security grounds.
Meta shares spike after tech giant launches Muse Spark – Its AI bid against OpenAI
Meta’s first large language model under AI chief Alexandr Wang rolled out Wednesday, to eventually reach Instagram and Facebook.
Meta and Google found liable in social media addiction trial
The companies were ordered to pay $3 million in damages to a 20-year-old woman who brought the lawsuit.
Instagram will alert parents if teens search for suicide, self-harm content
Meta is updating its child safety standards as countries across the globe consider social media bans for teenagers.
‘Delete that, or you will be held in contempt’: Judge blasts Zuckerberg’s team over Meta glasses
Zuckerberg is testifying in a lawsuit accusing Meta of operating platforms that are addictive and harmful to children.
Mark Zuckerberg passes Jeff Bezos for no. 4 richest as Meta stock soars on earnings beat
The company reported quarterly revenue that exceeded Wall Street’s expectations.
Meta does not hold monopoly, judge rules
The Federal Trade Commission sued the social media company in 2020, accusing it of maintaining a monopoly, years after it purchased competitors Instagram and WhatsApp.
Mark Zuckerberg drops to sixth-richest after Meta stock slides
A stock dip comes after Reuters reported Meta estimated a chunk of revenue would come from running fraudulent ads.