Magnificent 7 tech stocks on display at the Nasdaq. Adam Jeffery | CNBC The race to build artificial intelligence infrastructure at a trillion-dollar annual clip is eroding the free cash flow and increasing balance-sheet risk at so-called hyperscalers, warned Moody’s Ratings. In a research note released this week, Moody’s said that the spending surge is…
Glow, a cybersecurity startup founded by former Meta and Snowflake executives, emerged from stealth as a unicorn, betting that artificial intelligence is reshaping how enterprises secure employee devices. The Palo Alto-headquartered startup on Wednesday said it raised $180 million in an all-equity Series A funding round that valued it at $1.2 billion, with backing from…
Meta has abruptly taken down a new feature that allowed people to use its artificial intelligence (AI) tool to make fake images from user content on Instagram. The feature was part of a broad rollout of Muse Image, a new AI image generation tool Instagram’s parent company released on Tuesday. It allowed users of the…
Meta must change Facebook’s and Instagram’s “addictive” design or face a heavy fine, the EU has warned. In its preliminary findings, the European Commission said features such as infinite scroll, autoplaying videos and personalised recommendations could encourage “compulsive use”, particularly among children and teens. If Meta does not make suitable changes, it could be fined…
Meta is facing a backlash over its new AI tool Muse Image, which can generate pictures using other people’s profile pictures without telling them. It is one of many text-to-image tools publicly available, which as the name suggests can create pictures from a few lines of simple written text. Muse Image is available through the…
Owners of Meta’s AI glasses have been told they must pay a monthly fee if they want full access to a feature that was previously free. Users will have to shell out $19.99 every month to use “Conversation Focus”, which uses the microphones on the glasses to make it easier to hear people you’re talking…
Meta has spent billions of dollars developing AI and building out data centers to support it. But now, the company may be preparing to put those data centers to a more immediately profitable purpose. On Wednesday, Bloomberg reported that Meta is developing plans for a cloud infrastructure business, selling access to both AI compute power…
Meta is planning to release its own prediction market app to compete with popular sites like Kalshi and Polymarket. Kelly Sullivan/Getty Images North America hide caption toggle caption Kelly Sullivan/Getty Images North America Meta is planning to launch its own prediction market app to compete with companies like Kalshi and Polymarket in a booming sector…
Polymarket and Kalshi, prediction markets where users can bet on outcomes as varied as the Super Bowl and the length of the State of the Union address, have been some of the fastest-growing destinations on the internet. Mark Zuckerberg has noticed — and he wants in on the action. Mr. Zuckerberg, the chief executive of…
Meta has paused a new company-wide program of tracking its employees’ computer usage which has been plagued by internal frustration. The program was started only two months ago as part of an effort by Meta to gather data on how people used computers, including mouse clicks and keystrokes, that could be used to train artificial…
