Each company has its own special plans for the Quest mixed-reality device.
Meta drops 15% on weak outlook and high AI and metaverse spending
Meta shares dipped after a disappointing Q2 revenue outlook and plans to spend nearly $100 billion this year as it aims to “invest aggressively” in its AI products.
Sui Overtakes Aptos, Cardano in Value Locked; Sees $310M Inflow in 30 Days
Sui, the layer 1 blockchain built by a group of former Meta (META) employees, has experienced a cascade of inflows this month in a spike that has seen it overtake Cardano, Near and Aptos in terms of total value locked (TVL).
AI Tokens Up After Meta Beats Analyst Expectations
Mark Zuckerberg’s Meta said it was pivoting away from Metaverse to Artificial Intelligence in early 2023.
Why Does Maxine Waters Care About Meta’s Crypto Patents?
Congresswoman Maxine Waters Questions Meta’s Ongoing Crypto Efforts
A letter sent to the tech giant said it still has five active patents related to cryptocurrencies, despite the firm saying that it has no digital assets-related works ongoing.
Google slashes price of Gemini AI model, opens up to developers
The Google parent company Alphabet said it is slashing prices for its pro version of AI model Gemini and plans to make its tools more accessible to developers to create their own versions.
Meta releases ‘Purple Llama’ AI security suite to meet White House commitments
Meta believes that this is “the first industry-wide set of cyber security safety evaluations for Large Language Models (LLMs).”
Meta to fight AI-generated fake news with ‘invisible watermarks’
Meta will make use of a deep-learning model to apply watermarks to images generated with its AI tool, which would be invisible to the human eye.
IBM, Meta and others form ‘AI Alliance’ to advance AI development
In a joint statement, IBM and Meta outlined the AI Alliance’s objectives, emphasizing a commitment to safety, collaboration, diversity, economic opportunity and universal benefits.
Meta's AI boss says there’s an ‘AI war’ underway and Nvidia is ‘supplying the weapons’
The outspoken executive also said that Meta isn’t pursuing quantum computing because it isn’t currently useful.
Meta dissolves responsible AI division amid restructuring
The restructuring comes as the parent company of Facebook nears the end of its “year of efficiency.”
Meta introduces AI models for video generation, image editing
Social media company Meta is developing new AI-based tools for Facebook and Instagram users
Meta bans usage of generative AI ad creation tools for political advertisers
Meta updated its help center with a note explaining that political advertisers are prohibited from using its new generative AI ad campaign creation tools.
TikTok, Snapchat, OnlyFans and others to combat AI-generated child abuse content
Major social platforms, AI companies, governments and NGOs issued a joint statement pledging to combat AI-generated abusive content, such as explicit images of children.
Meta chief AI scientist says AI won’t threaten humans
Yann LeCun a chief AI scientist at Meta said labeling the existential risk of AI is “premature” and it’s “preposterous” that AI might kill off humanity.
MultiversX eyes metaverse scalability as CEO sheds light on spatial computing
The MultiversX CEO discussed the recent interest of Meta and Apple in the metaverse domain and analyzed their approaches.
Meta makes progress towards AI system that decodes images from brain activity
The system is entirely non-invasive and could have near-term applications for some.
Saudi Arabia and China collaborate on Arabic-based AI system
A university in Saudi Arabia has collaborated with two Chinese universities to create an Arabic-focused AI system called AceGPT.
EU mulls more restrictive regulations for large AI models: Report
Negotiators in the EU are reportedly considering additional restrictions for large AI models – like OpenAI’s GPT-4- as a component of the forthcoming AI Act.