Tag: Meta

Meta Faces Trial as States Allege Facebook, Instagram Addicted Children

U.S. states allege Meta designed Facebook and Instagram to addict children as a landmark trial begins, with the company warning of trillion-dollar exposure

Meta Releases Open-Source Muse Glimmer Model as Zuckerberg Warns of AI Concentration

Meta released its open-source Muse Glimmer AI model as CEO Mark Zuckerberg warned against concentrating advanced AI under a few companies or governments.

US Appeals Court Clears Path for Thousands of Social Media Addiction Lawsuits

A US appeals court has allowed thousands of lawsuits accusing social media firms of addicting young users to move forward, testing Section 230 protections.

New Mexico Court Orders Meta to Pay $567 Million, Overhaul Youth Protections

A New Mexico court ordered Meta to pay $567 million and overhaul Facebook and Instagram to protect minors, bringing its total liability to $942 million.

Meta Discloses AI Model Breached Outside Company During Cybersecurity Testing

Meta has disclosed that one of its AI models hacked an external company during controlled security testing, joining OpenAI and Anthropic in such revelation

Fed Holds Rates Steady as Markets Weigh September Hike and Tech AI Spending

The Federal Reserve kept interest rates unchanged as markets weigh a potential September hike amid rising energy prices and watch tech AI spending closely.

Meta’s Quarterly Earnings to Spotlight AI Spending and Smart Glasses Ambitions

Meta reports quarterly earnings Wednesday, with investors focused on the scale of its AI spending and its expanding push into smart glasses.

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