Instagram’s new background editing tool is powered by AI
Instagram introduces Backdrop, an AI-driven background editing tool that promises to enhance user experiences through innovative image transformations.
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Imagine with Meta AI launched as standalone image generator
Meta accelerates AI's mainstream adoption with the expansion of its AI offerings to social media platforms and the release of its standalone image generator, Imagine with Meta AI.
Meta leverages public social media posts to train its new AI assistant
Meta unveils privacy-conscious AI model trained on public Facebook and Instagram data, while grappling with copyright concerns in the AI industry.
Meta gives up on NFTs
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.
Meta plans for decentralized social media app unveiled in new report
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.
Irish privacy regulator fines Meta more than $400M over illegal ad practice
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.
Instagram influencer pleads guilty to virtual currency fraud, money laundering charges
An Instagram influencer known as Jay Mazini could face a prison term of up to 20 years after pleading guilty to operating a Ponzi scheme and defrauding $8 million from victims on social media.
Meta allows users to cross-post NFTs on Facebook and Instagram
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.
US senators want Mark Zuckerberg to explain how Meta is fighting digital asset scams
Six senators, including Elizabeth Warren, wrote a letter to the Meta CEO demanding to know how he is fighting scams after readmitting ads.
Facebook brings NFTs to its 2.9 billion users
Meta introduced NFTs to Instagram in May and is now expanding to Facebook as well, but is avoiding the controversy and calling them digital collectibles.
The CoinGeek Pulse Episode 99: Tornado Cash sanctioned, Hodlnaut halts withdrawals, NFTs on Instagram
U.S. Department of the Treasury's Office of Foreign Assets Control said that cybercriminals regularly used Tornado Cash to launder money amounting to more than US$7 billion since 2019.
Meta announces NFT integration in 100 countries for Instagram
Instagram users in Africa, the Americas, the Middle East, and the Asia-Pacific regions can now post digital collectibles from three blockchains without charge.