A USD 8 billion class action investors' lawsuit against Meta CEO Mark Zuckerberg and company leaders current and former began Wednesday, with claims stemming from the 2018 privacy scandal involving the Cambridge Analytica political consulting firm. Investors allege in their lawsuit that Meta did not fully disclose the risks that Facebook users' personal information would be misused by Cambridge Analytica, a firm that supported Donald Trump's successful Republican presidential campaign in 2016. Shareholders say Facebook officials repeatedly and continually violated a 2012 consent order with the Federal Trade Commission under which Facebook agreed to stop collecting and sharing personal data on platform users and friends without their consent. Facebook later sold user data to commercial partners in direct violation of the consent order and removed disclosures from privacy settings that were required under consent order, the lawsuit alleges. The fallout led to Facebook agreeing to p
In its biggest clean-up of the year, Meta has removed over 10 million Facebook profiles to combat spam, impersonation, and AI-driven content duplication. Watch to know what it means for creators.
Unlike AI models from Google and OpenAI, Meta's Llama is described as "open source," meaning its underlying code is freely available online for anyone - including rivals - to use and adapt
Meta has made AI the company's top priority this year, investing heavily in infrastructure such as chips and data centers, as well as recruiting top talent to build AI models and features
In just the last month, Zuckerberg has poached leading OpenAI scientist Lucas Beyer, who co-created the vision transformer; Ruoming Pang, who led Apple Inc.'s efforts at building AI models
Facebook parent Meta acquired just under 3 per cent of Ray-Ban maker EssilorLuxottica. Menlo Park, California-based Meta is considering further investment
OpenAI's Altman hasn't yet spoken to Zuckerberg since the Meta's chief executive officer poached some of OpenAI's top engineers, but he's anticipating a meeting this week
Apple's overall AI strategy is now run primarily by Craig Federighi, Apple's head of software engineering, and Mike Rockwell, who helped create Apple Vision Pro headset, now leads engineering for Siri
'It feels like someone's broken into our home', OpenAI mentions after Meta intensifying effort to recruit AI talent poaching from it
The deal is not yet finalized and could still change, people familiar with the matter said. Financial terms under discussion could not be learned
Meta has hired top OpenAI researcher Trapit Bansal to boost its AI superintelligence team, aiming to build competitive AI reasoning models as it intensifies efforts in the advanced AI race
Meta has hired Lucas Beyer, Alexander Kolesnikov, and Xiaohua Zhai from OpenAI to work on its superintelligence initiatives
Mark Zuckerberg is personally courting AI leaders with record pay packages and unlimited resources to build Meta's 'Superintelligence' lab and regain lost ground in generative AI
Sam Altman said he respects Meta but does not see it as strong on innovation, adding that innovation, not just pay, is what retains talent at OpenAI
Meta is bringing on Scale AI's CEO Alexandr Wang in a deal worth up to $15 billion to lead a new superintelligence lab and reboot its AI ambitions with cutting-edge data expertise
Meta and Zuckerberg are offering compensation packages worth tens of millions of dollars over several years, including equity, according to people familiar with the matter
Meta's Shivnath Thukral exits after 7.5 years as India public policy head, as leadership transitions continue under Sandhya Devanathan's expanded SEA role
The new lab, set to include Scale AI founder Alexandr Wang, is part of a reorganization of Meta's artificial intelligence efforts under Mark Zuckerberg
Meta Platforms is reportedly negotiating a multibillion-dollar investment in Scale AI, a leading data labeling firm, potentially marking its largest external AI funding to date
Despite unfathomable wealth and rising political influence in Washington, tech elites have developed a new obsession