Terms of the settlement, which were reached one day after the trial started, weren't immediately disclosed. Representatives from Meta declined to comment
A USD 8 billion class action investors' lawsuit against Meta CEO Mark Zuckerberg and company leaders current and former began Wednesday, with claims stemming from the 2018 privacy scandal involving the Cambridge Analytica political consulting firm. Investors allege in their lawsuit that Meta did not fully disclose the risks that Facebook users' personal information would be misused by Cambridge Analytica, a firm that supported Donald Trump's successful Republican presidential campaign in 2016. Shareholders say Facebook officials repeatedly and continually violated a 2012 consent order with the Federal Trade Commission under which Facebook agreed to stop collecting and sharing personal data on platform users and friends without their consent. Facebook later sold user data to commercial partners in direct violation of the consent order and removed disclosures from privacy settings that were required under consent order, the lawsuit alleges. The fallout led to Facebook agreeing to p
In just the last month, Zuckerberg has poached leading OpenAI scientist Lucas Beyer, who co-created the vision transformer; Ruoming Pang, who led Apple Inc.'s efforts at building AI models
Facebook parent Meta acquired just under 3 per cent of Ray-Ban maker EssilorLuxottica. Menlo Park, California-based Meta is considering further investment
The move shows the Commission's continuing crackdown against Big Tech and its push to create a level playing field for smaller rivals despite US criticism about the bloc's rules
A federal judge sided with Facebook parent Meta Platforms in dismissing a copyright infringement lawsuit from a group of authors who accused the company of stealing their works to train its artificial intelligence technology. The Wednesday ruling from US District Judge Vince Chhabria was the second in a week from San Francisco's federal court to dismiss major copyright claims from book authors against the rapidly developing AI industry. Chhabria found that 13 authors who sued Meta "made the wrong arguments" and tossed the case. But the judge also said that the ruling is limited to the authors in the case and does not mean that Meta's use of copyrighted materials is lawful. Lawyers for the plaintiffs a group of well-known writers that includes comedian Sarah Silverman and authors Jacqueline Woodson and Ta-Nehisi Coates didn't immediately respond to a request for comment Wednesday. Meta also didn't immediately respond to a request for comment. "This ruling does not stand for the ..
Meta has hired top OpenAI researcher Trapit Bansal to boost its AI superintelligence team, aiming to build competitive AI reasoning models as it intensifies efforts in the advanced AI race
Meta has hired Lucas Beyer, Alexander Kolesnikov, and Xiaohua Zhai from OpenAI to work on its superintelligence initiatives
Srinivas, currently leading Meta's ads business, will take charge as Managing Director and Head for India from 1 July, reporting to Sandhya Devanathan
Meta introduces ads and paid subscriptions in WhatsApp's Status and Channels, expanding monetisation while promising limited data sharing and strong privacy controls
Influencers, Reels and messaging offers are increasingly shaping buying decisions, with Meta-owned platforms playing a key role in both online and offline retail purchases
Wang will join Meta's 'superintelligence' unit working on human-level AI, known as artificial general intelligence, while remaining on Scale's board as the company's co-founder
Court finds Newgen IT's use of the name deceptively similar to Newgen Software's trademark, upholds injunction originally granted in February and made absolute in March
Meta's Shivnath Thukral exits after 7.5 years as India public policy head, as leadership transitions continue under Sandhya Devanathan's expanded SEA role
Amazon has laid off 100 employees from its Books division, including Goodreads and Kindle teams, as part of a broader restructuring effort to streamline operations and boost efficiency
Company engineers are ramping up work on the glasses - a rival to Meta Platforms Inc.'s popular Ray-Bans - in a bid to meet the year-end 2026 target
Meta's acquisition of WhatsApp is a key part of the case, with FTC lawyers arguing that Meta viewed the messaging app as a legitimate social networking competitor
The Facebook and Instagram parent also increased planned capital expenditures this year as it speeds up construction of data centers that can support artificial intelligence
Conservative activist Robby Starbuck has filed a defamation lawsuit against Meta alleging that the social media giant's artificial intelligence chatbot spread false statements about him, including that he participated in the riot at the US Capitol on January 6, 2021. Starbuck, known for targeting corporate DEI programs, said he discovered the claims made by Meta's AI in August 2024, when he was going after woke DEI policies at motorcycle maker Harley-Davidson. One dealership was unhappy with me and they posted a screenshot from Meta's AI in an effort to attack me, he said in a post on X. This screenshot was filled with lies. I couldn't believe it was real so I checked myself. It was even worse when I checked. Since then, he said he has faced a steady stream of false accusations that are deeply damaging to my character and the safety of my family. The political commentator said he was in Tennessee during the January 6 riot. The suit, filed in Delaware Superior Court on Tuesday, seek
The social media conglomerate is also rolling out a live-translation feature for all Ray-Ban Meta glass users across the globe