Page 2 - Metaverse

Digital media drives 97% of ad violations in April-Sept: ASCI report

ASCI's half-yearly report for FY26 shows most ad violations came from digital platforms-led by Meta, websites, and Google-with betting and personal care ads topping the list

NCLAT quashes CCI's WhatsApp-Meta data ban, upholds ₹213 crore penalty

The tribunal said CCI's five-year ban on WhatsApp data sharing with Meta was unwarranted but upheld the Rs 213 crore penalty, ruling no abuse of dominance in the messaging market

WhatsApp adds payments, calling and AI tools for businesses in India

Meta unveiled new WhatsApp Business features in India including in-app payments, calling and AI tools, while expanding partnerships with state governments for citizen services

Street Signs: Nifty hot streak meets Fed test; cash turnover hits 6-mth low

Nifty's winning run faces Fed test, cash turnover slides as big caps dominate, and Sebi widens crackdown on finfluencer ads with Meta and Google compliance

Meta tells NCLAT WhatsApp user data is its private property in CCI case

Meta argued before NCLAT that WhatsApp user data is its private property, challenging a CCI order that imposed a Rs 213.14 crore fine over WhatsApp's 2021 privacy policy

Whatever happened to the metaverse dream that was meant to change tech?

Once billed as the next internet, the metaverse is now a patchwork of gaming, AR, and enterprise tools, which is far from the trillion-dollar vision tech giants once promised

Meta strikes $10 bn Google Cloud deal to boost AI expansion drive

The accord marks the first major cloud computing deal between Meta and Google, which ranks third in the market behind Amazon.com Inc.'s AWS and Microsoft Corp.'s Azure

Meta splits AI group into four parts in pursuit of superintelligence

The group, known as Meta Superintelligence Labs, or MSL, will now have four parts

More customers now rely on social media platforms for financial decisions

At least 53 per cent of users on Facebook and 57 per cent on Instagram say that such media formats influence financial decision making

Google officials depose before ED in online betting linked PMLA case

Representatives of Google on Monday deposed before the Enforcement Directorate (ED) as part of a money laundering probe linked to the promotion of "illegal" online betting and gambling platforms, official sources said. Executives from Meta did not depose, they said. The ED had called the officials of the two tech giants, first on July 21 and later extended their deposition to July 28 as they sought more time to appear. The agency may also record the statement of a designated "compliance officer" of Google under the Prevention of Money Laundering Act (PMLA) apart from obtaining some documents from the company on Monday, the sources said. A Google spokesperson had last week told PTI in a statement that the company was "committed to keeping our platforms safe and secure, prohibiting the promotion of illegal gambling ads." "We are extending our full support and cooperation to investigating agencies to hold bad actors responsible and keep users safe," the spokesperson had said. There

Meta hires two key Apple AI researchers after poaching their boss

The moves are part of a scramble for AI talent across the tech industry. Meta, the owner of Facebook and Instagram, has been especially aggressive in its recruiting

Meta apologises for faulty Kannada translations after CM's complaint

The social media firm's apology for incorrect Kannada translations on Facebook and Instagram came after Karnataka chief minister Siddaramaiah raised his concerns over mistranslations changing facts

Meta investors settle lawsuit over Cambridge Analytica, FTC payout

Terms of the settlement, which were reached one day after the trial started, weren't immediately disclosed. Representatives from Meta declined to comment

Trial begins against Zuckerberg, Meta leaders over Facebook privacy lapses

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

$100 million job offers: How Mark Zuckerberg is luring the best AI minds

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

Meta invests $3.5 bn in world's largest eye-wear maker in AI glasses push

Facebook parent Meta acquired just under 3 per cent of Ray-Ban maker EssilorLuxottica. Menlo Park, California-based Meta is considering further investment

Meta may face daily fines over pay-or-consent model: European Commission

The move shows the Commission's continuing crackdown against Big Tech and its push to create a level playing field for smaller rivals despite US criticism about the bloc's rules

US judge dismisses authors' copyright lawsuit against Meta over AI training

A federal judge sided with Facebook parent Meta Platforms in dismissing a copyright infringement lawsuit from a group of authors who accused the company of stealing their works to train its artificial intelligence technology. The Wednesday ruling from US District Judge Vince Chhabria was the second in a week from San Francisco's federal court to dismiss major copyright claims from book authors against the rapidly developing AI industry. Chhabria found that 13 authors who sued Meta "made the wrong arguments" and tossed the case. But the judge also said that the ruling is limited to the authors in the case and does not mean that Meta's use of copyrighted materials is lawful. Lawyers for the plaintiffs a group of well-known writers that includes comedian Sarah Silverman and authors Jacqueline Woodson and Ta-Nehisi Coates didn't immediately respond to a request for comment Wednesday. Meta also didn't immediately respond to a request for comment. "This ruling does not stand for the ..

Meta recruits leading OpenAI researcher Trapit Bansal for AI reasoning lab

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 recruits 3 OpenAI researchers amid Sam Altman's poaching claims

Meta has hired Lucas Beyer, Alexander Kolesnikov, and Xiaohua Zhai from OpenAI to work on its superintelligence initiatives