Meta: Latest News and Analysis

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
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 ...
Reuters
Orange enlists Meta and OpenAI to develop AI language models in Africa
Orange will enlist OpenAI and Meta to fine-tune AI Large Language Models (LLMs) to translate regional African languages for the French telecoms operator, it said on Tuesday.
TechCrunch
Inflection AI CEO says it’s done trying to make next-generation AI models
Just last year, Inflection AI was as hot as a startup could be, releasing best-in-class AI models it claimed could outperform technology from OpenAI, ...
Bloomberg
Meta, TikTok, Google Slam Australia’s Under-16 Social Media Ban
Global tech giants including Meta, TikTok and Google have heavily criticized Australian legislation to ban children under 16 from accessing social media platforms, setting the stage for a policy fight ...
CNBC
Orange partners with OpenAI, Meta to develop custom African-language AI models
Orange is working with OpenAI and Meta to build custom AI models that can understand West African languages not understood by most conversational systems.
Bloomberg
OpenAI, Meta and Orange to Train AI Models on African Languages
OpenAI and Meta Platforms Inc. will begin training artificial intelligence programs on African languages, addressing a shortage of models for the continent’s thousands of dialects.
SiliconANGLE
Meta takes down millions of accounts related to ‘pig-butchering’ scams
To thwart one of the fastest-growing and most sophisticated online scam industries, Meta Platforms Inc. today said it has removed about 2 million accounts related to investment scams known as ...
TechCrunch
Meta hires Salesforce’s CEO of AI, Clara Shih, to lead new business AI group
Meta hired Salesforce's CEO of AI, Clara Shih, to lead a new organization building AI tools for businesses that use Meta's apps to reach consumers, ...
TechCrunch
India orders Meta to curb WhatsApp data sharing, levies $25M fine
India’s competition watchdog has ordered WhatsApp to stop sharing user data with other Meta units for advertising purposes for five years and also levied a fine of $25.4 million for antitrust ...
Fortune
How Mark Zuckerberg went all-in to make Meta a major AI player and threaten OpenAI’s dominance
Llama 2 was the follow-up release of Meta’s generative AI mode—a would-be challenger to OpenAI’s GPT-4. The first Llama had come out a few months earlier. It had originally been intended only for ...