A New Mexico jury awarded $375 million against Meta, finding the company misled consumers about child safety on its platforms. Meta faces demands to implement strict safeguards, including verifying users' ages with 99% accuracy and safer algorithms. The company argues these requirements are unfeasible and may pull its apps from New Mexico if forced to comply. The case highlights growing legal pressure on social media firms to protect children and could set a precedent for future regulations.
Meta Platforms introduced an AI-powered feature called "AI Mode" within Facebook Search, which uses Meta's AI model Muse Spark to provide answers from public content rather than traditional search results. This innovation could generate over $10 bill...
Howard Marks of Oaktree Capital cautions that many AI-related stocks are more speculative than investors realize, as their valuations rely on uncertain future profits rather than predictable cash flows. He highlights that while large tech companies l...
Funding is weakening across major cloud providers, but Microsoft, Alphabet, and Meta continue generating enough free cash flow to maintain AI investments without external constraints. AI-related inflows drive growth in tech ETFs, especially in memory...
Meta introduced an AI-powered search feature called AI Mode on Facebook, using its Muse Spark AI model to provide answers from public content in Groups and Reels instead of traditional search results. Morgan Stanley estimates that if the tool retains...
Meta's newly formed Applied AI team is experiencing significant employee dissatisfaction due to menial, repetitive tasks and low morale following a major layoff of 8,000 workers. Employees describe their work as unfulfilling and mechanical, contrasti...
