Despite rivals investing heavily in AI-focused infrastructure, Apple, emphasizing hardware sales, maintains a lower capital expenditure, raising concerns about its sales and competitiveness.
Tags: Meta
Facebook, Instagram Face EU Probe Over Suspicions of Failing to Impose Child Protection Policies
The European Union is investigating Facebook and Instagram under concerns of insufficient child protection measures, with Meta facing scrutiny regarding compliance with digital regulations, particularly focusing on age verification tools and privacy safeguards for minors.
Meta Takes Down Workplace App for Businesses to Focus on AI and Metaverse
Meta has decided to shut down its Workplace app to focus on AI and metaverse technologies. This move aligns with CEO Mark Zuckerberg's push for long-term investor patience amidst stock declines triggered by increased AI investment and slower sales growth.
UAE's New Falcon 2 11B AI Model Set To Outperform Meta and OpenAI
The UAE's Falcon 2 11B AI model, developed by the Technology Innovation Institute from Abu Dhabi, is a strong contender against OpenAI and Meta.
Meta and Apple in Race to Develop First Non-Invasive Neurotech for Healthcare
Tech giants like Meta and Apple are in fierce competition to develop the first AI-powered neurotechnology that will not be as invasive as Neuralink's.
Latest News
The EU is preparing to initiate formal procedures against Meta, the company of Facebook and Instagram, over concerns that it is not doing enough to combat Russian disinformation ahead of the EU elections in June.
Mark Zuckerberg's fortune dropped by $22 billion in a single day, marking it as the fourth-largest billionaire decrease recorded by the Bloomberg Billionaires Index.
Mark Zuckerberg seeks investor patience as Meta continuously pushes for AI projects, despite warnings and premarket stock decline fueled by increased spending and slower sales growth.
Wall Street was alarmed by Meta's aggressive drive into AI development, despite the technology company's first-quarter earnings and revenues increasing 27% to $36.46 billion
In a ruling delivered in absentia, a military court in Russia has sentenced Andy Stone, a spokesperson for Meta Platforms, to six years in prison.
China's top internet regulator ordered Apple to remove WhatsApp and Threads from their app store, citing national security concerns.
EU privacy watchdog suggested that Meta platforms and other major online platforms should provide users with the choice to use their services for free, without the inclusion of targeted advertising.
Meta's fee-based privacy model, facing opposition from the EU's privacy watchdog, prompts criticism for requiring users to pay for privacy protection, with advocacy groups calling for clarity on the issue.
Meta CEO Mark Zuckerberg Cleared of Personal Liability in Child Addiction Lawsuits by Court Decision
Meta CEO Mark Zuckerberg cleared of personal liability in child addiction lawsuits. US District Judge dismisses claims, emphasizing the necessity of a "special relationship" for liability. Meta remains liable, and lawsuits are ongoing.
