
Is Meta raising money for AI development?
As Meta CEO Mark Zuckerberg chases the Metaverse dream, he seemed to miss the wave of consumer-facing AI-powered programs being developed under his nose in Silicon Valley.
As Meta CEO Mark Zuckerberg chases the Metaverse dream, he seemed to miss the wave of consumer-facing AI-powered programs being developed under his nose in Silicon Valley.
Mark Zuckerberg announced another round of massive layoffs, just days after winding down NFT integrations, even as his focus seemingly turns to AI from metaverse.
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.
The European Union’s antitrust head says the region must adapt its policies to fit the digital age, including promoting healthy competition in the metaverse world.
Q4 2022 was Meta’s Reality Labs’ worst one yet, with a $4.3 billion loss; while Zuckerberg laid off 11,000 workers in November, he wants to invest more in the metaverse.
A California judge denied the FTC's injunction request, arguing that Meta would dominate the VR industry by acquiring the VR fitness app Within Unlimited.
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.
Novi is no longer a registered Virtual Asset Service Provider in the Philippines following BSP's decision to remove it from the list of digital wallets after its unfateful closure on September 1.
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.
Meta CEO Mark Zuckerberg proceeds with the company's mass layoffs following a turbulent year and his desire to create a grand metaverse that largely went off the rail.
Meta's shares tumbled after the release of its Reality Labs financial report, which saw an operating loss of $3.67 billion and is likely to grow in the coming year, drawing panic among investors.