Facebook owner #Meta Platforms Inc has been fined $1.3 billion by European Union privacy regulators for sending user information to the United States, the Wall Street Journal reported.

https://www.livemint.com/news/world/facebook-owner-meta-platforms-inc-fined-1-3-billion-by-european-union-over-data-transfers-to-united-states-report-11684746015097.html

The Facebook owner #Meta Platforms Inc was hit with a record fine amounting to $1.3 billion by European Union privacy regulators for sending user data to the United States.

Read here: https://www.livemint.com/news/world/facebook-owner-meta-platforms-inc-fined-1-3-billion-by-european-union-over-data-transfers-to-united-states-report-11684746015097.html

#Meta Platforms Inc started carrying out the last batch of a three-part round of #layoffs on Wednesday, as part of a plan announced in March to eliminate 10,000 roles.

https://www.livemint.com/news/world/facebook-owner-meta-starts-final-round-of-layoffs-11684929934354.html

#Meta Platforms shareholders voted overwhelmingly against a proposal to assess the company's political entanglements and content management biases in India, its biggest market.

https://www.livemint.com/companies/news/meta-shareholders-vote-against-proposal-to-assess-political-entanglement-in-india-11685559263517.html

#Instagram, the popular social-media site owned by #Meta Platforms, helps connect and promote a vast network of accounts openly devoted to the commission and purchase of underage-sex content.

https://www.livemint.com/companies/news/instagram-links-vast-pedophile-network-11686247158937.html

#Threads, the recently introduced microblogging app by #Meta, is the new platform that will enter the market as a direct rival to #Twitter.

https://www.livemint.com/technology/metas-threads-app-sparks-privacy-concerns-with-data-access-permissions-whats-the-buzz-11688531598228.html

#Meta's #Instagram on Wednesday officially launched #Threads, an app designed as a direct rival to #Twitter and most serious threat yet to #ElonMusk owned social-media site.

Read here: https://www.livemint.com/technology/apps/elon-musk-has-a-very-good-competitor-threads-users-say-as-meta-launches-twitter-rival-11688605539002.html

#Twitter has initiated a potential legal battle against #Meta, accusing the company of stealing trade secrets to develop its new microblogging site, #Threads. Legal experts say Twitter would face challenges in pursuing such a lawsuit.

Read here: https://www.livemint.com/technology/twitter-alleges-meta-platforms-stole-trade-secrets-for-threads-potential-legal-battle-looms-11688786303261.html

#Meta's Twitter rival #Threads has passed 100 million users in just 5 days since its launch. Threads has also taken ChatGPT's crown as the fastest growing consumer product.

https://www.livemint.com/technology/tech-news/twitterkiller-threads-goes-past-chatgpt-becomes-the-fastest-app-to-have-100-million-users-11689037467660.html

#Meta's new app #Threads has reached 100 million users in just 5 days since its launch, surpassing #ChatGPT as the fastest-growing consumer product.

The app aims to become a platform with 1 billion users. #Twitter's web traffic has decreased by 11% since Threads' launch.

Read here: https://www.livemint.com/technology/tech-news/twitterkiller-threads-goes-past-chatgpt-becomes-the-fastest-app-to-have-100-million-users-11689037467660.html

#Meta owned #WhatsApp is reportedly considering adding ads to its chat app as the parent company looking for ways to increase revenue.

Teams at Meta have been discussing whether to show ads in lists of conversations with contacts on the WhatsApp chat screen, but no final decisions have been made.

Read more: https://www.livemint.com/technology/apps/whatsapp-explores-ads-in-chat-app-report-11694751900255.html

Tech giant #Meta has announced that it is bringing a #ChatGPT-like AI chatbot to its biggest social media offerings - WhatsApp, Instagram and Messenger.

The new chatbot named #MetaAI is powered by a ‘custom model’ which uses the company Llama 2 language model along with its latest large language model research.

Read here: https://www.livemint.com/ai/artificial-intelligence/meta-to-bring-chatgpt-style-ai-chatbot-to-whatsapp-instagram-and-facebook-11695864582949.html

#Meta could start charging users its European users around $14 per month for an ad-free subscription to #Instagram and #Facebook.

The report notes that Meta officials have shared the plan privacy regulators in Ireland, digital competition regulators in Brussels along with EU privacy regulators.

Read here: https://www.livemint.com/technology/tech-news/meta-plans-to-start-charging-14-month-for-ad-free-instagram-and-facebook-report-11696303809032.html

In an ambitious move, #Meta Platforms is gearing up to launch the latest version of its artificial intelligence language model, #Llama3, in July. This upgraded model is poised to revolutionize the way it responds to contentious questions posed by users, as per a report

Read here: https://www.read.ht/SGVi

Here's a compilation of interesting numbers that matter!

Read the #NewsInNumbers on Mint app every weekday: https://mintiphone.page.link/Hy8V

#Ormax #Meta #RussiaUkraineWar #Google #IsraelIranWar #Taiwanearthquake

#Meta is finally rolling out its AI chatbot, the #MetaAI assistant, to users in India through its own applications like #WhatsApp, #Facebook, #Instagram and #Messenger as well as a separate website at Meta.AI.

Read here: https://www.read.ht/SbWO

Here's a compilation of interesting numbers that matter!


Read the #NewsInNumbers on Mint app every weekday: https://mintiphone.page.link/Hy8V

#InoxWind #Delhi #AirPollution #Kalki2898AD #RealEstate #AssamFloods #ManipurFloods #Amazon #JeffBezos #Meta #Threads

Meta, in a restructuring of its Reality Labs division, has initiated job cuts which are expected to impact over 1,000 employees. According to Bloomberg, the employees were notified of the layoffs starting Tuesday morning.

Watch for more!
https://www.youtube.com/watch?v=u9Adl3nbRE0

Amazon, Google, Microsoft, Meta and Oracle are reporting strong profits even as free cashflows decline amid a surge in AI-led capital expenditure. According to recent data, these firms are collectively expected to spend around $800 billion on data centres and computing infrastructure to support artificial intelligence growth.

Watch!
https://www.youtube.com/watch?v=oU9t0G59mE0

“Unfortunately, your role has been eliminated as part of today’s reorganization…” — the email thousands of Meta employees woke up to at 4 AM.

As part of its latest restructuring, Meta is cutting nearly 8,000 jobs, around 10% of its global workforce.

Watch!
https://www.youtube.com/watch?v=Eozugxg3DtY