Meta is dissolving its Responsible AI team in a mid-November restructuring and is redirecting members to generative AI roles, raising questions about its commitment to AI safety amid industry concerns.
Social media CEOs from tech giants like Twitter and Facebook were able to build some of the greatest wealth (and power) in the world's history by selling their users' aggregate data.
Due to ethics concerns, Meta is banning advertisers from using its generative AI tools for political campaigns—a move that may be temporary as the tech firm collaborates with regulators for robust AI rules.
Meta unveils privacy-conscious AI model trained on public Facebook and Instagram data, while grappling with copyright concerns in the AI industry.
Thailand's Ministry of Digital Economy and Society aims to ban Facebook due to digital currency scams highlighting signs of fake investment schemes—over 200,000 victims and millions in losses prompt legal action.
With $4 billion in expenses and only $276 million in revenue, Reality Labs continues to be a money pit for Meta and since launch, has lost Zuckerberg over $34 billion.
After debuting NFTs on Facebook and Instagram in 2022, Meta is winding down the project, which hasn’t taken off amid a major dip in NFT trading volume.
Dubbed P92, the app will be text-based, and users can access the platform using their Instagram log-in details; it will also be interoperable with Mastodon.
Barry Silbert was bullish on bitcoin in 2014; however, in 2017-2022, he turned to a multi-chain and speculation/trading-based investment strat, leading to one of the major bankruptcies of this bear market.
The decision by Ireland's Data Privacy Commissioner (DPC) found that Meta had illegally forced users to accept personalized ads by placing the legal consent within the terms of service.
The Irish Data Protection Commission assessed Facebook search, FB messenger contact importer, and Insta contact importer tool and found that they violated compliance with GDPR’s obligations for data protection and design by default.
The social media giant also announced that digital collectibles were now available to every Instagram user in the 100 countries where the feature is available.
