Page 3 - Metaverse

Google loses ad monopoly case as big tech faces ongoing antitrust battles

Along with Google and Meta, Amazon and Apple are also currently facing significant antitrust challenges in the US

Meta CEO Mark Zuckerberg wraps up testimony in FTC antitrust trial case

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's biggest antitrust trial could force Zuckerberg to sell Instagram

The FTC claims that Meta bought Instagram and WhatsApp to crush competition and establish an illegal monopoly in the social media market

WhatsApp faces massive outage as users report issues in sending messages

Following the outage, many even shared memes as an expression of anger and to confirm if the message app was actually down

Tech titans funded Trump; now face tariffs, trials and tight rules

The sweeping tariffs he imposed last week will squeeze Apple's iPhone supply chain and make it much more expensive for Amazon, Meta, Google, and Microsoft to build supercomputers to power AI

Meta launches new Llama 4 AI models 'Scout', 'Maverick' to power innovation

Meta said in a statement that the Llama 4 Scout and Llama 4 Maverick are its 'most advanced models yet' and 'the best in their class for multimodality'

Turkey fines Meta for refusing to restrict content on Facebook, Instagram

Meta said it has been hit with a hefty fine for resisting Turkish government demands to limit content on Facebook and Instagram. President Recep Tayyip Erdogan's government has been trying to restrict opposition voices on social media after widespread protests erupted following the arrest of Istanbul's mayor, who's a key rival. We pushed back on requests from the Turkish government to restrict content that is clearly in the public interest, and have been fined by them as a consequence, the company said in a statement. The social media company did not disclose the size of the fine, except to say it was substantial and did not provide any more details about the content in question. The Associated Press has approached the Turkish government for comment. Government requests to restrict speech online alongside threats to shut down online services are severe and have a chilling effect on people's ability to express themselves, Meta said. In recent years the Turkish government has ...

Meta's AI research head Joelle Pineau to step down after eight years

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

Airtel lands India's 20th undersea cable to connect with Africa, Europe

System is part of 45,000 km-long '2Africa', which will be the world's longest cable once completed

OpenAI, Meta in talks with Reliance for AI partnerships in India: Report

A possibility being discussed involved a relationship between Reliance Jio and OpenAI to distribute ChatGPT

Sebi asks intermediaries to register with Google, Meta for advertisements

Move to curb fraudsters and misleading information on social media platforms

To lower infra cost, Meta begins testing its 1st in-house AI training chip

Meta is working with Taiwan-based chip manufacturer TSMC to produce the chip, this person said. The test deployment began after Meta finished its first 'tape-out' of the chip

Meta, Google must help combat India's illegal gambling, betting mkt: Study

A report by not-for-profit think tank Digital India Foundation states that the illegal gambling and betting ecosystem in India exceeds $100 billion annually and is growing at 30 per cent per year

Meta must face lawsuit claiming it prefers cheaper foreign workers

Meta, in a statement, said the allegations were baseless and it would continue to vigorously defend itself against them

Meta seeks engineering director in India to lead Bengaluru operations

The engineering director is expected to influence technical decision-making, drive prioritisation and execution, and manage outstanding engineers and engineering managers, as per the job description

Meta raises executive bonuses to 200% amid layoffs, cost-cutting measures

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

Meta platforms' record winning streak puts stock split in view for 1st time

A purely mathematical action, a split changes nothing about the underlying fundamentals of a company, but does lower the price per share

India among largest countries in Meta AI adoption, says India head

Says over 4 million entities have used at least one of the firm's GenAI offers

Meta's WhatsApp faces tougher EU rules as monthly users top 45 million

The commission, which is the EU's executive arm, has been increasing scrutiny of social media in an attempt to rein in the power of predominantly American tech companies

Meta to build 50,000 km subsea cable to connect US, India, Brazil, S Africa

Dubbed Project Waterworth, the undersea cable will be a multi-billion-dollar, multi-year investment to strengthen the scale and reliability of the world's digital highways