Follow the latest news on Mark Zuckerberg, CEO of Meta. Stay informed on his role in driving metaverse development, AI innovation, and digital platform strategy across Facebook, Instagram, and beyond.
Meta plans to increase its capital expenditures in AI by next year. These funds will help the company focus on research and development in artificial intelligence, which is expected to play a crucial role in its future growth.
Soon after the earnings call on Wednesday, April 24, the META share price stumbled nearly 19% wiping out more than $200 billion in the company’s market cap.
Reality Labs reported a total revenue of almost $1.9 billion in 2023, with more than half coming from sales of its Meta Quest 3 mixed reality headset which was released early in Q4.
Meta has until February 15 to respond to the first NOA sent on August 15, 2023.
CZ is not the only popular crypto figure that made it to Bloomberg’s world’s 500 richest people in 2023. Brian Armstrong had a net worth of $7.25 billion.
For the three months that ended on September 30, Meta reported about 2.09 billion daily active users (DAU), while analysts surveyed by StreetAccount expected around 2.07 billion.
Meta intends to commercialize the Llama 2, its large language model (LLM), as it focuses on the metaverse as the bigger picture amid mainstream adoption of generative AI technologies.
Today, all employees of the FAST unit will be notified about their further status. Currently, there are 600 workers under the FAST division. It is not clear how many people will lose their jobs at Reality Labs.
Threads has lost nearly all of its initial momentum as the app is now struggling to attract new users and keep existing ones on the platform.
In addition to Flows, WhatsApp is taking steps to empower businesses with payment solutions. B2B customers in India can now make payments to companies within the chat using their preferred payment methods.
WhatsApp has a user base of over 2 billion people worldwide and analysts have predicted that it will eventually take advantage of this and monetize the service.
This would be one of the biggest gatherings between US lawmakers and top tech personalities wherein they would be discussing the future of AI.
According to those familiar with the matter, the new AI system developed by Meta will allow companies to develop services that produce sophisticated text, analysis, and other output.
The targeted sites were subjected to a noticeable five-second delay.
Meta is considering automated checks on the chatbots’ outputs to ensure accuracy and compliance with platform rules.