![Meta Meta logo with mobile phone](https://coingeek.com/wp-content/uploads/2024/07/Meta_logo-380x188.jpg)
Meta reins in metaverse ambitions, cuts budget by 20%
Meta has instructed Reality Labs to cut its budget by 20% by 2026, just weeks after reorganizing its metaverse division and laying off some senior staff.
Meta has instructed Reality Labs to cut its budget by 20% by 2026, just weeks after reorganizing its metaverse division and laying off some senior staff.
Meta joins Apple in blackballing EU users, but unlike the iPhone maker’s anti-competitive reasons, it’s concerned about using public data to train AI.
Last week's news about AI saw Meta's suspension of AI tools in Brazil, Japanese companies' stance on AI, Meta not launching LLama model in EU, and the formation of the Coalition for Secure AI.
Brazil follows the EU in warning against using Facebook and Instagram data to train Meta’s AI, which the company calls a “step backwards for innovation.”
Meta has advertised a new role whose responsibilities include fusing generative AI with the metaverse, and it’s willing to pay $347,000 annually plus bonuses.
IKEA and Roblox merged this week, opening "The Co-Worker Game" on Roblox's virtual-world platform—IKEA describes it as "the brand's first foray into mainstream gaming."
In this article, we compiled the latest news in AI from June 8 to 15, from Apple's Siri update to Pope Francis's take on ethical AI and Meta's most recent privacy issue.
Meta changed Facebook’s privacy policy to allow it to collect any public and non-public data to train its AI, which NOYB says violates the EU’s GDPR laws.
Artificial intelligence can be a powerful tool in spurring innovation, but it also has its downsides, and one that could lead it to its worst future is wielding its power to spread disinformation.
Racing to catch up with heavyweights Google and OpenAI in the AI race, Meta launches its latest AI chatbot compatible with the firm's social media platforms, pushing AI use into the mainstream.
The various investigations by the European Union are to be concluded within 12 months, after which the Commission will inform the companies of its findings and explain the measures it is considering taking.
In a blog post, Meta outlines several use cases of metaverse and AI in fitness and wellness while keeping an eye out for enterprise use cases in "training and education."