Explore Business Standard
Associate Sponsors
Co-sponsor
Metaverse
Meta said on Wednesday it is acquiring Moltbook, a social network built exclusively for artificial intelligence agents to make posts and interact with each other. A takeover of the AI experiment by the parent company of Facebook and Instagram comes weeks after Moltbook attracted viral attention as an unusual Reddit-like hub for AI systems trading gossip. Meta's move reflects the tech industry's ongoing fascination with the promise of AI agents that go beyond a chatbot's capabilities in being able to act and perform tasks on a person's behalf. Meta said in a statement that Moltbook introduced novel ideas in a "rapidly developing space" and will open "new ways for AI agents to work for people and businesses". Meta said it was hiring Moltbook co-founders Matt Schlicht and Ben Parr. The deal's financial terms were not disclosed. In a similar move, OpenAI, maker of ChatGPT, last month hired the creator of AI agent OpenClaw, formerly called Moltbot and the technology upon which Moltbook
Jurors in a bellwether trial about the impacts of social media on teenagers and children on Wednesday watched a deposition of Meta CEO Mark Zuckerberg that explores what the architects of Facebook and Instagram knew from internal research about the negative experiences by young users and how the company responded since its early years. Prosecutors are alleging that Meta violated state consumer protection laws in failing to disclose what it knew about the dangers of addiction to social media as well as child sexual exploitation on the company's platforms, while attorneys for Meta say the company discloses risks, makes efforts to weed out harmful content and experiences, and acknowledges that some bad material still gets through its safety net. In pretrial depositions recorded last year, prosecutors confronted Zuckerberg with internal company communications and emails from platform users spanning back to the infancy of Facebook in 2008 that discuss "problematic" and addictive use of ..
The Supreme Court is slated to hear on Monday pleas of Meta and WhatsApp against a Competition Commission of India (CCI) order imposing a penalty of Rs 213.14 crore over their privacy policy. A bench comprising Chief Justice of India (CJI) Surya Kant and Justices Joymalya Bagchi and Vipul M Pancholi is likely to hear the matter. On February 3, the bench had made strong observations against Meta Platforms Inc and WhatsApp, saying they could not "play with the right to privacy of citizens in the name of data sharing" and alleged that they were creating a monopoly in the market and committing theft of private information of customers. Decrying WhatsApp's privacy policy, the bench referred to "silent customers" who were unorganised, digitally dependent and unaware of the implications of data-sharing policies, and asserted, "We will not allow the rights of any citizen of this country to be damaged." WhatsApp is owned by Meta Platforms Inc. The top court was hearing the appeals of the t
Mark Zuckerberg will testify in an unprecedented social media trial that questions whether Meta's platforms deliberately addict and harm children. Meta's CEO is expected to answer tough questions on Wednesday from attorneys representing a now 20-year-old woman identified by the initials KGM, who claims her early use of social media addicted her to the technology and exacerbated depression and suicidal thoughts. Meta Platforms and Google's YouTube are the two remaining defendants in the case, which TikTok and Snap have settled. Zuckerberg has testified in other trials and answered questions from Congress about youth safety on Meta's platforms, and he apologised to families at that hearing whose lives had been upended by tragedies they believed were because of social media. This trial, though, marks the first time Zuckerberg will answer similar questions in front of a jury and, again, bereaved parents are expected to be in the limited courtroom seats available to the public. The cas
The Supreme Court on Monday deferred to February 23 pleas of Meta Platforms Inc and WhatsApp against a Competition Commission of India (CCI) order imposing a penalty of Rs 213.14 crore over privacy policy. A bench comprising Chief Justice of India (CJI) Surya Kant and Justices Joymalya Bagchi and N V Anjaria was told that senior advocate Kapil Sibal was unwell and hence the hearing should be adjourned. The bench said it would take up the pleas for passing an interim order on February 23. It permitted a litigant represented by senior advocate Arvind Datar to be made a party to the case. On February 3, the bench made strong observations against Meta Platforms Inc and WhatsApp, saying they could not "play with the right to privacy of citizens in the name of data sharing" and alleged that they were creating a monopoly in the market and committing theft of private information of customers. Decrying WhatsApp's privacy policy, the bench referred to "silent customers" who were unorganised
The Supreme Court on Tuesday came down heavily on Meta Platforms Inc and WhatsApp while hearing their appeals against a Competition Commission of India order imposing a penalty of Rs 213.14 crore over the privacy policy, saying tech giants cannot "play with the right to privacy of citizens in the name of data sharing". A bench comprising Chief Justice Surya Kant and Justices Joymalya Bagchi and Vipul M Pancholi said that it will pass an interim order on February 9. The top court ordered that the Ministry of Electronics and Information Technology be made a party to the petitions. It was hearing appeals filed by Meta and WhatsApp against a National Company Law Appellate Tribunal (NCLAT) judgment that upheld the CCI's findings of abuse of dominance, while granting limited relief on advertising-related data sharing. "You can't play with the right of privacy of this country in the name of data sharing. We will not allow you to share a single word of the data, either you give an ...
Facebook owner Meta has named Dina Powell McCormick, a former Trump administration adviser and longtime finance executive, as president and vice chairman of the tech giant. Powell McCormick previously served on Meta's board of directors where, the company notes, she was deeply engaged in accelerating its artificial intelligence push across platforms. In her new management role, Meta says Powell McCormick will help guide its overall strategy, including the execution of multi-billion-dollar investments. The news, announced Monday, quickly gained the applause of US President Donald Trump. In a post on his social media platform Truth Social, the Republican president said the move was a great choice by Meta CEO Mark Zuckerberg and noted that Powell McCormick had served the Trump Administration with strength and distinction. Zuckerberg said in a statement that Powell McCormick's experience in global finance, combined with her deep relationships around the world, made her uniquely suited
China said on Thursday it would assess and investigate Meta's acquisition of artificial intelligence startup Manus, in a move highlighting its technology rivalry with the US. Meta announced last week it was buying Manus, which is Singapore-based with Chinese roots, as the California tech giant behind Facebook and Instagram expands its AI offerings across its platforms. It is a rare acquisition by a US tech group of an AI company with Chinese roots, at a time of heightened frictions between Washington and Beijing. On Thursday, China's Commerce Ministry spokesperson He Yadong told reporters that it would work with relevant departments to assess and investigate whether Meta's acquisition of Manus is consistent with Chinese laws and regulations. Any enterprises engaging in outward investment, technology export, data transfer and cross-border mergers and acquisitions must comply with Chinese laws, He said. Meta and Manus did not immediately reply to requests for comment. Security has