Meta
Zuckerberg Foresees AI Coding Abilities Rivaling Mid-Level Engineers in 2023
January 13, 2025 – Mark Zuckerberg, founder of Meta, stated on the 11th that the field of software engineering is poised for a significant transformation by 2025. He predicts that AI systems will advance to a level where their programming skills rival those of intermediate-level engineers. Zuckerberg believes that Meta and other leading technology companies…
Meta to Unveil Smart Glasses with Integrated Screens, Possibly Arriving Late Next Year
December 24, 2024 – According to a report published today by the Financial Times, Meta, with a market capitalization of 1.5trillion,iscollaboratingwiththeeyeweargiantEssilorLuxotticatointegratedisplayscreensintoits300 sunglasses. Insiders have revealed that the new version of the glasses, featuring the ability to showcase notifications or responses from Meta’s virtual assistant, could potentially hit the market in the latter half of 2025….
Meta Shares Hit Historic Peak, Prompting Zuckerberg to Sell Over $2.2 Billion in Stock
December 17, 2024 – This year, Meta’s stock price has surged ahead, repeatedly hitting new highs, prompting its co-founder and CEO Mark Zuckerberg to sell a significant amount of company shares. According to an analysis by “Fortune” magazine based on publicly disclosed trading data, Zuckerberg has sold Meta stock worth over 2.2billionintotalthisyear.JustinDecemberalone,hehasalreadysoldsharesworth153.2 million. Executive compensation…
Meta’s Quest v72 Update Brings Enhanced Hand Tracking and Streamlined PC Pairing
December 10, 2024 – Meta has recently announced the rollout of the Quest v72 update, introducing a slew of new features that enhance the virtual reality experience. These advancements include accelerated hand tracking, easier pairing with Windows 11 PCs, and improved keyboard visibility in the VR environment. The update will be gradually released, meaning some…
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…