Latest in Friday Meta Quest
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Is higher inflation here to stay? Fed faces hurdles in quest to crush rising prices.
As inflation slowed sharply last summer, the Federal Reserve sketched out a plan to slash high U.S. interest rates in anticipation of its pending victory over runaway prices. Now that plan is risk.Business - MarketWatch - 6 days ago -
Shiffrin wins World Cup slalom and takes quest for her 100th victory to North America
Mikaela Shiffrin has earned her record-extending 99th career World Cup win to take the quest for victory No. 100 to North AmericaSports - ABC News - 3 days ago -
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A record Black Friday beckons
Plus, Westminster MPs vote on assisted dying, Ireland goes to the polls and Americans celebrate Thanksgiving DayWorld - Financial Times - 2 days ago -
Meta’s stock is up 500% in two years. Is it still a ‘set-it-and-forget-it’ play?
Meta reports earnings on Wednesday afternoon.Business - MarketWatch - October 29 -
Markey urges Meta to relaunch research initiative for 2024 election
Sen. Ed Markey (D-Mass.) on Wednesday urged Meta, the parent company of Facebook and Instagram, to enable independent academic researchers to study the impact of its platforms on the 2024 election ...Politics - The Hill - October 29 -
Apple, Meta and Amazon must show the stock market that AI spending is paying off
Big-tech bellwethers facing scrutiny on whether they are meeting competitive challenges.Business - MarketWatch - October 30 -
Meta’s Reality Labs posts $4.4 billion loss in third quarter
Meta's Reality Labs unit, which develops augmented and virtual reality technologies, logged an operating loss of $4.4 billion in the third quarter.Business - CNBC - October 30 -
Meta sees AI spending accelerating as earnings top forecasts
Mark Zuckerberg cites the potential for ‘strong’ returns in coming years on heavy investments in new technologyBusiness - Financial Times - October 31 -
Meta Earnings Show Revenue Increase, Even as Spending Spree Continues
The Silicon Valley company, which owns Facebook, Instagram and WhatsApp, said it does not plan to slow down its investments anytime soon.Business - The New York Times - October 31 -
Even Mark Zuckerberg seems surprised by Meta's pace of spending on AI
Meta CEO Mark Zuckerberg explained on the earnings call how the speed of Meta's AI technology buildout led the company to lift guidance for capex.Business - CNBC - October 31 -
With Reality Labs, Meta risks heading down slippery slope of overspending again
Zuckerberg said that he is going to keep building out Meta’s infrastructure and data centers, because the opportunity is so huge, even if investors don’t like it.Business - MarketWatch - October 31 -
Meta’s Llama Used to Develop AI Model for China’s Military
Researchers connected to the People’s Liberation Army created a chatbot model based on Meta’s Large-Language Model AI.Business - Inc. - November 1 -
Meta’s plan for nuclear-powered AI data centre thwarted by rare bees
Environmental issue disrupts search for energy deals amid a Big Tech race over artificial intelligenceBusiness - Financial Times - November 4 -
Meta unveils AI tools to give robots a human touch in physical world
Meta unveils three tools and benchmarks to enhance robot touch perception, dexterity, and human-robot collaboration in real-world settings.Tech - VentureBeat - November 2 -
Meta makes its MobileLLM open for researchers, posting full weights
Developers and researchers interested in testing MobileLLM can now access the models on Hugging Face, fully integrated with the Transformers library.Tech - VentureBeat - October 31 -
Meta Permits Its A.I. Models to Be Used for U.S. Military Purposes
The shift in policy, covering government agencies and contractors working on national security, is intended to promote “responsible and ethical” innovations, the company said.Tech - The New York Times - November 5 -
Meta extends ban on new political ads past Election Day
Meta extends restriction period for new political ads throughout the week of the U.S. elections.Business - CNBC - November 5 -
OpenAI hires Meta's former Orion head to lead its robotics efforts
The former head of Meta's augmented reality glasses initiative has joined OpenAI to lead the startup's robotics and consumer hardware efforts.Business - CNBC - November 5 -
Meta extends political ad ban until post-Election Day
Meta extended the ban on new political ads on its platforms through Election Day, the social media giant announced Monday. The parent company of Facebook and Instagram said the restriction on new ...Politics - The Hill - November 5 -
Meta Extends Ban on New Political Ads to After Election
The extra days when the tech giant’s platform won’t take new ads reflects widespread concerns about misinformation.Business - Inc. - November 5 -
Meta Fined $15 Million in South Korea for Illegal User Data Collection
The country’s privacy watchdog said Meta amassed sensitive information by analyzing users’ likes and the ads they opened.Business - Inc. - November 5 -
Under Trump, Tech Giants Like Apple and Meta Face a Familiar Uncertainty
Apple, Amazon, Google, Meta and others learned during the last Trump administration to expect the unexpected when it came to Washington scrutiny and support.Business - The New York Times - November 7 -
Lawsuit Against Meta Over Section 230, Tech Shield Law, Is Dismissed
A professor sued pre-emptively to release software that would let users automatically unfollow everyone in their Facebook feed.Tech - The New York Times - November 8 -
Meta Horizon Worlds Has Been Taken Over by Children
Lowered age restrictions and cheaper VR headsets have led to young kids hijacking the metaverse. Maybe we should let them keep it.Tech - Wired - November 12 -
Activist investor ValueAct has $1 billion stake in Meta, sources say
Activist investor ValueAct has a $1 billion stake in Facebook parent Meta, according to people familiar with the matter.Business - CNBC - November 12 -
Meta must face trial in FTC antitrust lawsuit, judge rules
A federal judge ruled Wednesday that Meta must face trial in an antitrust case brought by the Federal Trade Commission (FTC) over the social media giant’s acquisitions of Instagram and WhatsApp. ...Politics - The Hill - November 13 -
EU slaps Meta with nearly 800M euro fine for 'abusive' Marketplace practices
European Union regulators hit Facebook parent Meta with a fine of nearly 800 million euros on Thursday for what it calls “abusive practices” involving its Marketplace online classified ads businessTech - ABC News - November 14 -
Meta Fined $843 Million by EU Over Marketplace Ads Platform
The European Commission said the company tied its classified-ads platform to its flagship social network, undermining competition.Tech - The Wall Street Journal - November 14 -
Meta Fined $840 Million in Europe for Boosting Marketplace Unfairly
Meta said it would appeal the decision by the European Union, which said the company had abused its dominance in social networking to strengthen its shopping and classified ads service.Business - The New York Times - November 14