Meta unveiled Muse Spark, its first major proprietary AI model since hiring Scale AI's Alexandr Wang nearly a year ago. This marks a shift from Meta's previous open-source Llama models to a proprietary approach, aiming to generate new revenue streams, especially by improving ad targeting and engagement on platforms like Facebook and Instagram. While Meta is late compared to rivals like OpenAI and Google, its vast user base offers a unique advantage for monetizing AI through advertising. The company plans to offer paid API access eventually, but success depends on making Muse Spark competitive and valuable to advertisers.
Jim Cramer cautioned that the recent rally in Big Tech stocks like Alphabet, Microsoft, Meta, and Amazon might be more about investor optimism than real improvements in their business fundamentals. Despite positive news such as Warren Buffett's endor...
Meta Platforms faces a lawsuit from 26 employees alleging the company used AI tools and automated metrics to select workers for layoffs, disproportionately affecting those on medical, parental, or family leave. The lawsuit claims Meta's AI-driven per...
TappAlpha introduced the TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF (TMGN), which offers exposure to the Cboe Magnificent 10 Index featuring leading tech companies like Nvidia, Microsoft, and Apple. This ETF applies TappAlpha's options-b...
A group of current and former Meta employees filed a lawsuit claiming the company used artificial intelligence in its recent layoffs in a discriminatory way. The lawsuit alleges Meta's AI systems ignored approved absences like medical or family leave...
Meta faces a lawsuit from 26 employees accusing the company of using AI tools that unfairly targeted workers with disabilities and those on medical leave during recent layoffs. The suit claims Meta's AI system, including an internal bot and activity ...
