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AI generated image for representation The US is ‘not happy’ with the European Union’s (EU) strict rules against major tech companies. The Office of the United States Trade Representative (USTR) has warned the EU that it will impose sanctions on European tech companies if the bloc continues its current regulatory approach toward American technology giants….
The S&P and Nasdaq fell on Thursday, as Nvidia’s shares tumbled on concerns over intensifying competition in the AI chip space, while investors digested mixed economic data delayed by the US govt shutdown. Alphabet’s shares rose 2.7% after the Information reported Facebook-parent Meta Platforms was in discussions to use Google’s AI chips in its data…
US Senators Josh Hawley and Richard Blumenthal have written a letter to the heads of the Federal Trade Commission (FTC) and the Securities and Exchange Commission (SEC), demanding an immediate investigation into scam ads on Meta-owned Facebook and Instagram, a report has said. News agency Reuters recently reported that the social media giant allegedly earns…
Fidji Simo, the CEO of Apps at ChatGPT-maker OpenAI, has revealed a few shortcomings of her previous employer, Meta. Simo, who was the former Head of the Facebook app at the social media giant, identified that the Mark Zuckerberg-led company failed to do something well: adequately anticipate the societal risks created by its products. In…
The European Commission has said that it will streamline and ease several key technology regulations, including delaying major provisions of its landmark AI Act, in a move which can be seen as a victory for tech giants like Google, Facebook and Instagram parent company Meta and OpenAI. The effort, dubbed a ‘Digital Omnibus,’ aims to…
Mark Zuckerberg has received good news. Facebook parent company Meta Platforms has defeated a US attempt to unwind its acquisitions of Instagram and WhatsApp. US federal judge has dismissed the government’s high-profile antitrust lawsuit against Meta, ruling that the company’s acquisitions of Instagram and WhatsApp more than a decade ago did not amount to illegal…
Facebook-parent Meta is preparing to spend up to $72 billion on AI infrastructure this year. Now concerns about the overspending and a potential tech bubble are mounting. However, according to Meta’s chief marketing officer and VP of analytics Alex Schultz feels that the investment strategy of the company is bold but far from irrational. As…
Facebook-parent Meta is reportedly overhauling the process by which the company evaluates employee performance, making ‘AI-driven impact’ a core expectation beginning in 2026. This move of the company reflects its deepening commitment to artificial intelligence as a central driver of productivity and innovation across its workforce. As reported by Business Insider, in an internal memo,…
Meta’s chief AI officer and one of the highest-paid employees at the company, Alexandr Wang, is urging teenagers to dedicate their time to mastering artificial intelligence (AI) tools, comparing the current moment to when Bill Gates and Mark Zuckerberg learned computer programming in their youth.“If you’re 13 right now, you should spend all your time…
AI Image for Representation In the midst of an unprecedented AI buildout, Meta is spending more than most. The company is building two massive data centers, and reporting indicates there will be as much as $600 billion in spending on U.S. infrastructure over the next three years. While such figures might be expected in the…
