Meta has made a massive move in the AI world by investing $14.3 billion in Scale AI. This deal gives Meta a 49% stake in the data-labeling company, which is now valued at $29 billion. The partnership aims to boost Meta’s efforts in building superintelligent AI systems. As part of the agreement, Scale AI CEO […]
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Meta and TikTok battle EU over “unfair” digital fee in court
Meta and TikTok have filed lawsuits against the European Commission, claiming that a yearly fee under the Digital Services Act (DSA) is unfair and wrongly calculated. The DSA, which became law in 2022, requires large platforms to pay 0.05% of their global net income to help fund the EU’s monitoring efforts. A total of 19 […]
Meta invests $14 billion in scale AI, hires co-founder to boost AI ambitions
Meta is making its biggest move yet in artificial intelligence by investing $14 billion in Scale AI, a leading startup in data labeling and AI training. The deal gives Meta a 49% stake in the company. This follows the lukewarm response to Meta’s recent Llama AI models. Meta CEO Mark Zuckerberg also hired Scale […]
Meta to launch AI system to detect privacy risks in app updates
Meta, the parent company of Facebook, Instagram, and WhatsApp, has announced the launch of a new AI-powered system to identify privacy risks in its app updates. The company aims to make the process faster and more efficient by automating up to 90% of the product risk assessment work. According to technology sources, this move is […]
Meta Postpones Launch of ‘Behemoth’ AI Model Amid Performance Hurdles
Meta Platforms has reportedly postponed the release of its highly anticipated AI model, Behemoth, due to internal concerns over its performance, according to a Wall Street Journal report citing sources close to the matter. Engineers at the tech giant are said to be struggling to achieve major advancements in Behemoth’s capabilities, prompting internal debate about […]
EU hits apple and meta with €700 million fines over digital rules
The European Union fined Apple and Meta a total of €700 million for breaking new digital competition rules. Apple was fined €500 million for stopping app developers from offering cheaper deals outside the App Store. Meta got a €200 million fine for its “pay or share data” model on Facebook and Instagram, which the EU […]
Meta takes steps to reduce misinformation before Australian election
Meta Platforms, the owner of Facebook and Instagram, announced plans to fight false content and deepfakes in Australia. With a national election coming up in May, the company wants to limit misinformation on its platforms. They stated they would remove any content that could cause violence or interfere with voting. Cheryl Seeto, Meta’s Head of […]
Meta adopts X’s algorithm for crowdsourced fact-checking
Meta has announced a test of its new fact-checking system, Community Notes, which will use an algorithm from Elon Musk’s X. The company is moving away from third-party fact-checkers, which faced criticism for alleged political bias. Meta CEO Mark Zuckerberg introduced the plan in January as part of a broader shift in Big Tech to […]
Tech giants challenge youtube’s exemption in Australia’s child protection law
Meta, Snapchat, and TikTok have called on the Australian government to reconsider its decision to exempt YouTube from a new law banning social media use for children under 16. The law, passed in November, imposes strict regulations requiring platforms to block minors from logging in or face hefty fines of up to A$49.5 […]
Meta is developing a new, more powerful AI system, Wall Street Journal reports
Meta Platforms is working on a new artificial-intelligence system intended to be as powerful as the most advanced model offered by OpenAI, the Wall Street Journal reported on Sunday, citing people familiar with the matter. The Facebook parent is aiming for its new AI model to be ready next year, the Journal said, adding it will be several […]