Meta
Meta Unveils Llama 3.3: A 70B Parameter AI Model That Matches the Performance of a 405B Version
December 8, 2024 – Meta has recently unveiled its latest AI model, Llama 3.3, which the company describes as its most efficient and cost-effective model yet. With 70 billion parameters, the model is significantly smaller than its predecessor, Llama 3.1, which boasted 405 billion parameters. However, Meta claims that Llama 3.3’s performance is on par…
Meta Partners with James Cameron’s Company to Revolutionize Visual Media
December 6, 2024 – Meta, the technology giant, announced on Thursday a partnership with Lightstorm Vision, a tech enterprise owned by renowned film director James Cameron. This collaboration aims to revolutionize the creation of 3D entertainment content, including live sports, concerts, and TV shows, while providing support for Meta’s Quest platform. According to Meta, the…
Google, Meta, and Others Protest Australia’s Proposed Social Media Restriction for Youth
November 27, 2024 – Several tech giants, including Google, Meta, TikTok, and X (formerly known as Twitter), have jointly criticized a new regulation proposed by the Australian government that aims to prohibit social media use by individuals under the age of 16. The companies argue that the bill, which was submitted to the parliament on…
Meta Launches Ray-Ban Smart Glasses Pop-Up in LA, Offering Stylish Tech at $299
November 16, 2024 – Meta has announced the opening of its first Ray-Ban Smart Glasses pop-up store in Los Angeles, USA. This store primarily sells the second-generation smart glasses jointly developed by Meta and Ray-Ban, with a starting price of $299. Positioning the smart glasses as a fashion product, Meta has designed them to resemble…
Meta Faces €798 Million Penalty from EU for Anticompetitive Practices
November 15, 2024 – The European Commission has imposed a fine of €798 million on Meta today, citing the company’s violation of EU antitrust rules. According to the Commission, Meta unlawfully tied its online classified ads service, Facebook Marketplace, to its social media platform, Facebook, and imposed unfair trading conditions on other online classified ads…
Meta’s Reality Labs Continues to Invest Amidst 19% Revenue Growth in Q3
October 31, 2024 – Meta today released its unaudited financial results for the third quarter, reporting a revenue of 405.80billion,a19156.88 billion, marking a 35% year-over-year growth. Additionally, diluted earnings per share rose by 37% to $6.03. In September 2024, Meta’s “family” of services, including Meta, Instagram, WhatsApp, and Messenger, reached an average of 32.9 billion…
Meta Takes on OpenAI with Development of Proprietary AI Search Engine
October 29, 2024 – According to a report published by The Information on October 28th, Meta is currently developing an AI-powered search engine. This move is aimed at reducing the company’s reliance on Microsoft and Google, while also allowing it to keep pace with OpenAI’s advancements in the field of artificial intelligence. The report reveals…
Meta Fires Employees Over Abuse of $25 Meal Allowance
October 18, 2024 – According to a report by the Financial Times, Meta has terminated over 20 employees in Los Angeles due to the misuse of a $25 meal voucher. It is understood that Meta employees are entitled to a daily allowance of 70,whichincludesanadditional25 specifically designated for meals, essentially Grubhub credits for internal use within…
Meta’s Top AI Scientist Dismisses Concerns of AI Harming Humans
October 14, 2024 – Yann LeCun, the chief AI scientist at Meta, recently dismissed concerns about artificial intelligence posing a threat to human existence as “complete B.S.” in an interview with The Wall Street Journal. A pioneer in the field of artificial intelligence and a Turing Award winner, LeCun currently serves as a professor at…
Meta Ends Production of Quest Pro After Two-Year Run
September 27, 2024 – Meta has recently announced the discontinuation of its high-end virtual reality headset, the Quest Pro, with plans to clear out the inventory by the end of the year. Introduced in 2022, the Quest Pro received a lukewarm response from the market. While Meta did not explicitly state the reasons for halting…