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 announced it will issue a new class of non-voting stock to raise capital for its expanding AI initiatives while preserving the voting power of existing shareholders. This move supports Meta's founder-led structure and provides flexibility for fu...
Meta Platforms posted a robust Q3, growing revenue by 26% year-over-year, driven by higher ad pricing. Despite a one-time $9.89 billion legal expense, the company's core operating income and margins remain strong. Significant investments in capital e...
Meta reported a 26% rise in Q3 revenue to $64.6 billion, driven by strong advertising sales, and forecasted Q4 revenue between $73 billion and $76 billion. Despite a nearly $10 billion legal charge related to teen mental health litigation, net income...
Meta Platforms posted a 26% year-over-year revenue increase to $64.6 billion in Q3, supported by strong advertising volume and a robust adjusted EPS of $7.40 despite a large legal charge. The company's investments in generative AI, particularly the M...
Meta announced that its AI app Muse has surpassed 10 million users, with 25% using it daily, boosting user retention. CEO Mark Zuckerberg highlighted that over 25% of engaged users shopping via Muse spend an average of more than $200 per purchase, a ...
