Meta, led by Mark Zuckerberg, plans to begin production of its in-house Iris AI chip in September. This move is part of Meta's strategy to double its computing capacity to 14 gigawatts, enhancing its AI and data processing capabilities. The new chip is expected to support Meta's growing demand for advanced AI technology, potentially boosting its competitive edge in the tech industry.
A New Mexico court ordered Meta, the parent company of Facebook and Instagram, to pay $942 million in fines for creating a "public nuisance" by harming child safety and contributing to the state's teen mental health crisis. The fines include $567 mil...
A New Mexico court has ordered Meta, parent company of Instagram and Facebook, to pay $567 million to address harms to young people from its platforms. Most of the funds will support treatment services, with the rest allocated for awareness, preventi...
A US judge ordered Meta Platforms, owner of Facebook and Instagram, to pay $567 million for harm caused to children on its platforms, adding to a previous $375 million fine. The total $942 million penalty addresses child mental health issues and fund...
India's parliamentary panel demands an apology from Meta CEO Mark Zuckerberg for restricting a Facebook post by Prime Minister Modi, threatening to revoke Meta's safe harbor immunity if not apologized within three days. Meta's chief global affairs of...
A New Mexico judge ordered Meta to pay $567 million and implement new restrictions on young users of its platforms, adding to a previous $375 million penalty. The ruling found Meta misled users about platform safety and contributed to youth mental he...
