Despite unfathomable wealth and rising political influence in Washington, tech elites have developed a new obsession
Working to differentiate itself in the crowded field of artificial intelligence, Meta Platforms has launched a standalone AI app with a social media component to compete with OpenAI's ChatGPT. The Meta AI app, built with the company's Llama 4 AI system. It includes a discover feed that lets users see how others are interacting with AI. It also has a voice mode for interacting with the AI. It's smart for Meta to differentiate its ChatGPT competitor by drawing from the company's social media roots. The app's Discover feed is like a version of the OG Facebook Feed but only focused on AI use cases," said Forrester research director Mike Proulx. By letting users link their Facebook and Instagram accounts, the Meta AI app gets a leg up on instantly personalising its user experience with social media context. Meta has taken a different approach to AI than many of its rivals, releasing it for free as an open-source product. The company says more than a billion people use its AI products
Mark Zuckerberg, Jamie Dimon, Safra Catz among top CEOs who sold billions in shares weeks before Trump's tariff move triggered a historic $6.6 trillion stock market wipeout
In internal emails revealed in court, Meta CEO Mark Zuckerberg admits Facebook's cultural relevance is slipping, calling its friend-based model outdated and less engaging
Meta CEO Mark Zuckerberg emphasised in federal court on Wednesday that he bought Instagram and WhatsApp because he saw value in the companies not to take out competitors, as the Federal Trade Commission alleges in a historic antitrust trial. Zuckerberg took the stand for the third day in the trial, wrapping up his testimony as the first witness Wednesday afternoon. He took questions from Meta attorney Mark Hansen, who has argued that his client hardly has a monopoly in social media, as the FTC claims, and still faces stiff global competition. Hansen focused some of his questioning on emails sent by Zuckerberg and his associates that the FTC cited in earlier testimony to illustrate the Facebook founder's alarm over the growth of Instagram and his sense that he needed to neutralise its threat. Zuckerberg said he's very focused on inventing new things, and understanding what other people are creating is a big part of the process. At any given point in his company's history, he said, .
Meta CEO Mark Zuckerberg once considered separating Instagram from its parent company due to worries about antitrust litigation, according to an email shown Tuesday on the second day of an antitrust trial alleging Meta illegally monopolised the social media market. In the 2018 email, Zuckerberg wrote that he was beginning to wonder if spinning Instagram out would be the only way to accomplish important goals, as big-tech companies grow. He also noted there is a non-trivial chance Meta could be forced to spin out Instagram and perhaps WhatsApp in five to 10 years anyway. He wrote that while most companies resist breakups, the corporate history is that most companies actually perform better after they've been split up. Asked Tuesday by attorney Daniel Matheson, who is leading the antitrust case for the Federal Trade Commission, which incidence in corporate history he had in mind, Zuckerberg responded: I'm not sure what I had in mind then. Zuckerberg, who was the first witness, testif
Meta CEO Mark Zuckerberg testifies in antitrust trial, defending Instagram and WhatsApp acquisitions amid FTC claims of stifling competition; a potential breakup looms
The FTC claims that Meta bought Instagram and WhatsApp to crush competition and establish an illegal monopoly in the social media market
Joel took to X to announce this significant decision, a topic that has been widely debated in recent months. His post stated that there would no longer be any new fact-checkers
The drop in wealth is the fourth-largest single-day drop in the 13-year history of the Bloomberg Billionaires Index and the most substantial decline since the peak of the Covid-19 pandemic
The head of Meta's artificial intelligence research division said she plans to step down, vacating a high-profile position at the parent company of Facebook and Instagram at a time of intense competition in the development of AI technology. Joelle Pineau, Meta's vice president for AI research, said Tuesday she is leaving at the end of May after eight years with the company. "Today, as the world undergoes significant change, as the race for AI accelerates, and as Meta prepares for its next chapter, it is time to create space for others to pursue the work," she wrote in a social media post. Meta didn't immediately respond to an emailed request for comment about the move. Pineau didn't announce a replacement. Based in Montreal, where she is also a computer science professor at McGill University, Pineau has been the face of Meta's open-source approach to building AI systems, such as its flagship large language model called Llama, in which core components are publicly released for other
The report noted that since the wealth cut-off date of January 15, 2025, Elon Musk's fortune has declined by nearly $100 billion
Kaplan talks about free flow of data to age-appropriate content and more
Zuckerberg asked Xi to name his baby. Xi declined. Now a former Facebook exec spills secrets in a memoir exposing power, loyalty, and chaos inside Meta
In December 2024, Elon Musk's fortune peaked at $486 billion. However, he is one among the many billionaires who are witnessing financial setbacks
Mark Zuckerberg surprised wife Priscilla Chan on her 40th birthday by recreating Benson Boone's Grammy moment, swapping his tux for the singer's iconic blue jumpsuit in a viral stunt
Meta's decision to invest heavily in data centres is a part of the larger trend where tech giants are announcing huge investments one by one in data centres, particularly to meet the future AI demand
The announcement to raise bonuses comes just a week after Meta began laying off 5 per cent of its workforce, a move the company attributed to targeting underperforming employees
In January, the Facebook parent said it would trim about 5 per cent of its "lowest performers" and plans to hire for the impacted roles this year
Says over 4 million entities have used at least one of the firm's GenAI offers