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Meta: Latest News and Analysis

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Meta Settles Australian Cambridge Analytica Lawsuit for Record $31.85 Million

Meta Platforms, the parent company of Facebook, has agreed to pay a record A$50 million ($31.85 million) settlement to Australia's privacy watchdog, bringing to a close lengthy and costly legal proceedings related to the Cambridge Analytica scandal, reports Reuters.

The Office of the Australian Information Commissioner

ARPU
Apple and Meta Clash Over Interoperability Under EU's Digital Markets Act

Apple has criticized Meta Platforms for making numerous requests under the European Union's Digital Markets Act (DMA) to access iPhone software tools, arguing that these requests could compromise user privacy and security, reports Reuters. The tech giants' public dispute highlights the intensifying rivalry between the two companies

TechCrunch
Meta updates its smart glasses with real-time AI video
Meta has announced an update for Ray-Ban Meta that brings real-time AI video to the glasses, a feature the company first demoed in the fall.
Bloomberg
Instagram Expected to Generate 50% of Meta’s US Ad Sales in 2025
Meta Platforms Inc.’s Instagram will soon account for half of the company’s advertising revenue in the US, according to estimates from research firm Emarketer, further cementing the photo- and ...
Reuters
Instagram to make up more than half of Meta's US ad revenue in 2025, report shows
Instagram is set to account for more than half of Meta Platforms' advertising revenue in the United States next year, as the social media platform improves monetization of its products, according to ...
Reuters
Meta to pay $32 mln as it settles Facebook quiz app's privacy breach
Dec 17 (Reuters) - The Australian Information Commissioner said on Tuesday it has withdrawn civil penalty proceedings against Meta Platforms (META.O), opens new tab that it had brought in 2020 after a ...
TechCrunch
Meta fined $263M over 2018 security breach that affected ~3M EU users
Meta has been fined €251 million (around $263 million) in the European Union for a Facebook security breach that affected millions of users which the
Reuters
Facebook-parent Meta settles with Australia's privacy watchdog over Cambridge Analytica lawsuit
Australia's privacy watchdog said on Tuesday, closing long-drawn, expensive legal proceedings for the Facebook parent over the Cambridge Analytica scandal.
TechCrunch
Meta asks California attorney general to block OpenAI’s conversion to for-profit
Facebook’s parent company, Meta, is supporting Elon Musk’s effort to block OpenAI’s conversion from a nonprofit company into a for-profit one. As reported ...
Reuters
Meta adds live translation, AI video features to Ray-Ban smart glasses
The latest update adds video to Meta's AI chatbot assistant, which allows the Ray-Ban smart glasses to process what the user is seeing and respond to questions in real-time ...
The Verge
Meta rolls out live AI, translations, and Shazam to its smart glasses
Meta just announced three new features are rolling out to its Ray-Ban smart glasses: live AI, live translations, and Shazam. Both live AI and live translation are limited to members of Meta’s Early ...
TechCrunch
Meta to set up $50M privacy payment scheme to settle Australian proceeding
Meta has agreed to a $50 million payment program to settle a long-running proceeding in Australia related to misuse of information for political ad targeting, the country's information watchdog OAIC ...
The Verge
Meta’s Instagram boss: who posted something matters more in the AI age
In a series of Threads posts this afternoon, Instagram head Adam Mosseri says users shouldn’t trust images they see online because AI is “clearly producing” content that’s easily mistaken for reality.
Reuters
Meta contractor dismissed threats to moderators by Ethiopia rebels: court documents
A contractor hired by Facebook's parent company Meta dismissed threats to content moderators by Ethiopian rebels angered by their work, according to new evidence filed in a case challenging the ...
SiliconANGLE
Meta releases AI models for motion rendering and video watermarking
One of them, a technology called LCM, is touted as a new approach to building large language models. Motivo, the first AI model that Meta has released, can be used to animate three-dimensional avatars ...
Reuters
Meta releases AI model to enhance Metaverse experience
Meta said on Thursday it was releasing an artificial intelligence model called Meta Motivo, which could control the movements of a human-like digital agent, with the potential to enhance Metaverse ...
TechCrunch
Meta debuts a tool for watermarking AI-generated videos
Meta is open sourcing a method to watermark AI-generated videos. Called Meta Video Seal, the company says it's robust against compression and edits. © 2024 TechCrunch. All rights reserved. For ...
Reuters
Russia will boost AI clout despite West's sanctions, Sberbank first deputy CEO says
Russia has the potential to improve its position in global AI ratings by 2030 despite Western sanctions thanks to talented developers and its own generative AI models, the first deputy CEO of Russia's ...
TechRound
Meta Platforms Reported Down, Then OpenAI. Here’s What Happened
Facebook, Instagram, and WhatsApp experienced a technical issue on Wednesday evening that affected access for millions of users worldwide.
TechCrunch
After Meta signals end to publisher payouts, Australia plots Big Tech news tax
Australia passed legislation requiring platform giants including Facebook-owner Meta and YouTube's parent Google to negotiate with news publishers to pay for journalism reshares. The News Media ...
Fortune
The debate over open versus closed AI models is ‘ridiculous,’ Meta executive says
Manohar Paluri, a leader in Meta’s generative AI group, spoke at Fortune’s Brainstorm AI conference in San Francisco.
Reuters
Meta must face shuttered photo app’s antitrust lawsuit, US appeals court rules
A U.S. appeals court on Tuesday reinstated an antitrust lawsuit against Meta Platforms that accused the Facebook parent company of illegally driving an animated photography app out of business.
Reuters
Italy wraps up probe into two Meta execs on alleged $938 mln VAT evasion by Facebook owner
Italian prosecutors have wrapped up a probe into alleged tax evasion of 887.6 million euros ($937.93 million) by Facebook parent company Meta involving two executives of its Irish unit, the Milan ...
Reuters
Brussels seeks more information on secret Google-Meta ads deal targeting teens: FT
European regulators have asked Google for more information about its now-scrapped secret advertising partnership with Instagram-parent Meta Platforms that ignored the search company's rules on how ...
Reuters
Exclusive-Meta contractor dismissed threats to moderators by Ethiopia rebels: court documents
A contractor hired by Facebook's parent company Meta dismissed threats to content moderators by Ethiopian rebels angered by their work, according to new evidence filed in a case challenging the ...
Reuters
Italy wraps up probe into two Meta execs on alleged $938 million VAT evasion by Facebook owner
Italian prosecutors have wrapped up a probe into alleged tax evasion of 887.6 million euros ($937.93 million) by Facebook parent company Meta involving two executives of its Irish unit, the Milan ...
Reuters
Brussels seeks more information on secret Google-Meta ads deal targeting teens, FT reports
European regulators have asked Google for more information about a secret advertising partnership with Meta , which ignored the search company's own rules on how minors should be treated online, the ...
Reuters
Trump aides contact Google, Meta, Snap over online drug sales, The Information reports
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, ...
Reuters
Global advertising forecast to rise 9.5% in 2024, GroupM says
Global advertising revenue will increase 9.5% in 2024 to surpass $1 trillion for the first time and grow 7.7% next year, according to GroupM, the world's largest media buying agency, owned by WPP .
Bloomberg
Covert Facebook Network Found to Be Targeting Romanian Voters
Meta Platforms Inc. allowed a network of Facebook pages to post more than 4,100 political ads attacking Romania’s pro-EU presidential candidate Elena Lasconi and promoting far-right figures, including ...
TechCrunch
If you can make this AI bot fall in love, you could win thousands of dollars
If you can be the first person to get an AI bot named Freysa to say ‘I love you,’ you’ll win anywhere from $3,000 to tens of thousands of dollars.
Reuters
Meta shares hit record high after US appeals court upholds TikTok ban
Shares of Facebook-owner Meta Platforms hit a record high on Friday after a U.S. appeals court upheld a law requiring China-based ByteDance to divest its popular short video app TikTok by early next ...
Financial Times
Meta rolls out internal AI tool as it pushes into business market
Social media group targets burgeoning artificial intelligence sector as it develops ‘Metamate’ workplace assistant ...
Reuters
Meta Shares Hit Record High After US Appeals Court Upholds TikTok Ban
NEW YORK (Reuters) - Shares of Facebook-owner Meta Platforms hit a record high on Friday after a U.S. appeals court upheld a law requiring China-based ByteDance to divest its popular short video app ...
VentureBeat
Meta launches open source Llama 3.3, shrinking powerful bigger model into smaller size
Llama 3.3 is specifically optimized for cost-effective inference, with token generation costs as low as $0.01 per million tokens.
TechCrunch
Meta eases up on issuing ‘first strikes’ for Facebook users and Instagram creators
Days after Meta admitted that it's been over-moderating its content, with mistakes impacting creators, the company announced an expansion of a new policy ...
Reuters
Meta partners with James Cameron's tech venture to boost mixed reality content
Meta Platforms said on Thursday it has partnered with film director James Cameron's technology venture Lightstorm Vision to enhance the creation of 3D entertainment, including live sports, concerts ...
SiliconANGLE
Meta to invest $10 billion in Louisiana AI data center
Meta Platforms Inc. said Wednesday it plans to build a $10 billion artificial intelligence data center campus in northeast Louisiana, making it the largest data center built by the company to date.
TechCrunch
UK tribunal green-lights $2.7B Facebook collective action antitrust lawsuit
As Meta faces off with antitrust regulators in the U.S. and Europe, a £2.1 billion+ Facebook U.K. class action-style competition lawsuit, which takes ...
The Register
Fission impossible? Meta wants up to 4GW of American atomic power for AI
Meta believes it will need one to four gigawatts of nuclear power, in additional to the energy it already consumes, to fuel its AI ambitions. As such, it will put out a request for proposals (RFP) to find developers capable of supplying that level of electricity in the United States by early 2030.
Reuters
Meta to invest $10 billion for Louisiana data center
Facebook-parent Meta said on Wednesday it plans to invest $10 billion to set up an AI data center in Louisiana, in what would be the tech company's largest data center in the world.
Fortune
Exclusive: Mark Zuckerberg publicly praises Meta’s Llama AI, but also uses rival GPT-4 to improve an internal AI coding tool
CEO Mark Zuckerberg has marketed Llama as a major contender in the AI model wars, saying it's soon to be “the most advanced in the industry.”
Bloomberg
Meta Seeks New Nuclear Reactors to Run US Data Centers
Meta Platforms Inc. is seeking as much as 4 gigawatts of new nuclear energy to run data centers and support the US electric grid, starting in the early 2030s.
Reuters
Meta says gen AI had muted impact on global elections this year
Despite widespread concern that generative AI could interfere with major elections around the globe this year, the technology had limited impact across Meta Platforms' apps, the tech company said on ...
Financial Times
Meta’s Mark Zuckerberg seeks ‘active role’ in Donald Trump’s tech policies
Policy chief Nick Clegg says social media company ‘overdid it’ on content moderation, as it seeks to placate president-elect ...
Reuters
Meta tightens ad rules to curb financial scams aimed at Australians
Instagram and Facebook-owner Meta Platforms said on Monday it had introduced stricter rules for advertisers of financial products and services targeting Australians, in a bid to crack down on scams on the social media platforms.
Financial Times
OpenAI explores advertising as it steps up revenue drive
OpenAI is stepping up efforts to generate revenue from its products, such as its AI-powered search engine, as it seeks to capitalise on its early lead in the booming AI sector. Its smaller rival ...
TechCrunch
Why AI agent startup /dev/agents commanded a massive $56M seed round at a $500M valuation
If that sounds promising to you, /dev/agents’ investors might agree.
Reuters
Meta faces trial in October on unfair competition case lodged by Spanish media
Facebook owner Meta Platforms will face a trial in October 2025 in Spain over a 551 million euro ($582 million)complaint lodged by more than 80 media companies accusing it of unfair competition in ...