Meta, the parent company of Facebook and Instagram, agreed to an $18 billion settlement following accusations from US states that its platforms harm children with addictive features. The settlement imposes restrictions on teen accounts, including time limits and parental controls, but critics argue it doesn't fully address harmful content or Zuckerberg's leadership role. Experts call for Zuckerberg's resignation to prioritize user safety over profits, highlighting ongoing issues with misinformation, mental health, and regulatory challenges. This settlement signals tougher scrutiny ahead for Meta and social media regulation.
Crusoe, a data center developer serving clients like Meta, Microsoft, and OpenAI, raised $3 billion at a $30 billion valuation. The funding round was co-led by Atreides Management and Valor Equity Partners, with Mubadala Capital also participating. C...
Jim Cramer recommends revisiting the Magnificent Seven stocks—Amazon, Alphabet, Meta, Microsoft, Nvidia, Tesla, and Apple—after months of underperformance have made many of them undervalued. He highlights that massive AI infrastructure investments by...
Major tech companies Meta, Amazon, Microsoft, and Alphabet have invested trillions in AI, with Alphabet and Meta facing future investment commitments of $798 billion and $696 billion respectively. These commitments far exceed their recent net incomes...
Meta Platforms announced its latest AI model, Muse Spark 1.3, claiming it matches the performance of leading AI labs Anthropic and OpenAI. This claim boosted Meta's stock by 4%, reversing earlier year losses, though no independent benchmarks have con...
Meta has introduced a new pricing model for its Muse Spark AI tool, offering users a 95% discount if they share their prompts and outputs to help train future models. Standard pricing charges $1.25 per million input tokens and $4.25 per million outpu...
