Meta embedded facial recognition technology called "NameTag" into its AI companion app for smart glasses, downloaded by over 50 million users, though the feature is not yet activated. The tech can create biometric faceprints from people seen by the glasses and notify the wearer if a match is found, raising privacy concerns from watchdogs and experts. Meta denies plans to launch the feature soon or build a central face database, but critics warn it could enable invasive surveillance and harm user privacy, especially for children. The company previously faced lawsuits over facial recognition and says it will approach any rollout thoughtfully and transparently.
Meta Platforms is reportedly considering a large stock offering to raise tens of billions of dollars to support its investments in artificial intelligence, following Alphabet's recent move to do the same. This shift from primarily issuing debt to rai...
Meta has integrated facial recognition code into its smart glasses companion app, Meta AI, which has been downloaded over 50 million times. The feature, called "NameTag," can biometrically identify people in view and notify the wearer, storing biomet...
Meta's shares dropped more than 5% following reports that the company might raise tens of billions of dollars through a stock offering to fund its artificial intelligence initiatives. This move would follow Alphabet's recent announcement to raise $85...
New analysis from TS Lombard predicts that the US will invest about 2% of its GDP in artificial intelligence and data center infrastructure in 2026, totaling up to $800 billion. This investment surpasses that of any other country and is comparable to...
Apple and Alphabet are currently best positioned in the AI industry, generating strong positive free cash flow despite increased capital expenditures across the sector. In contrast, companies like Microsoft, Amazon, Meta, and Oracle are experiencing ...
