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Meta Doubles Down on AI, Betting Big on Generative AI and Enterprise Software

Meta, under the leadership of Mark Zuckerberg, is aggressively pursuing an AI-first strategy, investing billions of dollars in research and development to integrate AI into its core products and services, as reported by CNBC. This strategic shift, announced in April 2024, initially caused a dip in Meta's stock

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

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

OpenAI on a Buying Spree, CrowdStrike Soaring High, and Election Boosts Meta

OpenAI Acquires Multi, Eyes Remote Collaboration Market: OpenAI has been on a rapid acquisition spree, recently purchasing two companies in a matter of days, as reported by TechCrunch. Following the acquisition of database technology firm Rockset, OpenAI has acquired Multi, a startup that developed a video-first collaboration platform designed for