Meta’s letting Xbox, Lenovo, and Asus build new Quest metaverse hardware
Each company has its own special plans for the Quest mixed-reality device. Go to Source
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Meta Faces Tough Market Response as AI Investments Surge and Metaverse Losses Continue
Meta’s shares dropped 15% in after-hours trading following announcements in April of plans for significant investment in AI, alongside a weaker revenue outlook and continued losses in its metaverse division, Reality Labs. The company anticipates its expenses will soar to between $96 billion and $99 billion for the fiscal year, attributing the increase to higher … Read more
Meta drops 15% on weak outlook and high AI and metaverse spending
Meta shares dipped after a disappointing Q2 revenue outlook and plans to spend nearly $100 billion this year as it aims to “invest aggressively” in its AI products. Go to Source
Google slashes price of Gemini AI model, opens up to developers
The Google parent company Alphabet said it is slashing prices for its pro version of AI model Gemini and plans to make its tools more accessible to developers to create their own versions. Go to Source
Meta releases ‘Purple Llama’ AI security suite to meet White House commitments
Meta believes that this is “the first industry-wide set of cyber security safety evaluations for Large Language Models (LLMs).” Go to Source
Meta to fight AI-generated fake news with ‘invisible watermarks’
Meta will make use of a deep-learning model to apply watermarks to images generated with its AI tool, which would be invisible to the human eye. Go to Source
IBM, Meta and others form ‘AI Alliance’ to advance AI development
In a joint statement, IBM and Meta outlined the AI Alliance’s objectives, emphasizing a commitment to safety, collaboration, diversity, economic opportunity, and universal benefits. Go to Source
Meta’s AI boss says there’s an ‘AI war’ underway and Nvidia is ‘supplying the weapons’
The outspoken executive also said that Meta isn’t pursuing quantum computing because it isn’t currently useful. Go to Source
Meta dissolves responsible AI division amid restructuring
The RAI restructuring comes as the Facebook parent nears the end of its “year of efficiency,” as CEO Mark Zuckerberg called it during a February earnings call. Go to Source
Meta introduces AI models for video generation, image editing
Social media company Meta is developing new AI-based tools for Facebook and Instagram users Go to Source