meta
San Francisco (AFP) - Facebook-owner Meta on Wednesday said its quarterly profits soared last quarter, but worries about the cost of artificial intelligence saw its share price take a hit on Wall Street. The company founded by Mark Zuckerberg said that net profit in the January to March period rose to $12.4 billion with total revenue, mainly from selling ads, up an impressive 27 percent, at $36.5 billion. "We estimate that more than 3.2 billion people use at least one of our apps each day and we're seeing healthy growth in the US," Zuckerberg, who is also CEO, told analysts on an investor cal...
AFP
Beijing (AFP) - Apple has removed Meta's WhatsApp and Threads from its App Store in China on orders from the country's internet regulator, US media reported Friday. Mainland China has some of the world's most extensive internet censorship, with web users unable to access everything from Google to many foreign apps without workarounds such as a virtual private network (VPN). "We are obligated to follow the laws in the countries where we operate, even when we disagree," Apple said in a statement, according to Bloomberg. "The Cyberspace Administration of China (CAC) ordered the removal of these a...
AFP
San Francisco (AFP) - Meta on Thursday introduced an improved AI assistant built on new versions of its open source Llama large language model for powering the technology. Meta AI is smarter and faster due to advances in publicly available Llama 3, the tech titan said in a blog post. "The bottom line is we believe Meta AI is now the most intelligent AI assistant that you can freely use," Meta co-founder and chief executive Mark Zuckerberg said in a video posted on Instagram. Being open source means that developers outside of Meta are free to customize Llama 3 as they wish and the company may t...
AFP
Paris (AFP) - Meta said on Thursday it was developing new tools to protect teenage users from "sextortion" scams on its Instagram platform, which has been accused by US politicians of damaging the mental health of youngsters. Gangs run sextortion scams by persuading people to provide explicit images of themselves and then threatening to release them to the public unless they receive money. Meta said it was testing an AI-driven "nudity protection" tool that would find and blur images containing nudity that were sent to minors on the app's messaging system. "This way, the recipient is not expose...
AFP
Washington (AFP) - Facebook giant Meta on Friday asked a federal judge to dismiss a case from a powerful US antitrust authority that could see the social media juggernaut forced to sell Instagram and WhatsApp. The lawsuit, filed in December 2020 by the Federal Trade Commission, centers on Meta's acquisitions of Instagram and WhatsApp, which the FTC argues stifled competition in the market for social networks. In the usual practice of trying to have the case dismissed before reaching trial, Meta said in a motion that its acquisitions were "good for consumers and businesses" and won approval by ...
AFP
Washington (AFP) - Facebook and Instagram giant Meta on Friday said it will begin labeling AI-generated media beginning in May, as it tries to reassure users and governments over the risks of deepfakes. The social media juggernaut added that it will no longer remove manipulated images and audio that don't otherwise break its rules, relying instead on labeling and contextualization, so as to not infringe on freedom of speech. The changes come as a response to criticism from the tech giant's oversight board, which independently reviews Meta's content moderation decisions. The board in February r...
AFP
Washington (AFP) - A digital tool considered vital in tracking viral falsehoods, CrowdTangle will be decommissioned by Facebook owner Meta in a major election year, a move researchers fear will disrupt efforts to detect an expected firehose of political misinformation. The tech giant says CrowdTangle will be unavailable after August 14, less than three months before the US election. The Palo Alto company plans to replace it with a new tool that researchers say lacks the same functionality, and which news organizations will largely not have access to. CrowdTangle has been a game-changer for yea...
AFP
San Francisco (AFP) - Meta on Friday confirmed it is assessing when the word "Zionist" should be deemed hate speech as online anti-Semitism escalates amid the Israel-Hamas war. The tech titan behind Facebook and Instagram confirmed a Washington Post report that it is thinking of expanding its hate speech ban to include more uses of the term, particularly when it appears to be an ill-spirited substitute for "Jews" or "Israelis." "Given the increase in polarized public discourse due to events in the Middle East, we believe it's important to assess our guidance for reviewing posts that use the te...
AFP
San Francisco (AFP) - Meta on Tuesday said it is working with other tech firms on standards that will let it better detect and label artificial intelligence-generated images shared with its billions of users. The Silicon Valley social media titan expects to have a system in place in a matter of months to identify and tag AI created images posted on its Facebook, Instagram and Threads platforms. Meta and other platforms are under pressure to keep tabs on AI-generated content with fears that bad actors will ramp up disinformation, with elections due this year in countries representing half the w...
AFP
San Francisco (AFP) - Meta and Amazon on Thursday blew through expectations in their latest quarterly results as Big Tech continued to impress Wall Street. Meta, the tech titan behind Facebook and Instagram, reported a profit of $14 billion in the final three months of last year, beating analyst forecasts as revenue climbed to $40.1 billion in the quarter. The company said Facebook's monthly users stood at 3.07 billion people, 20 years after the platform was founded by Mark Zuckerberg in a Harvard dorm. "We had a good quarter as our community and business continue to grow," Meta CEO Zuckerberg...
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