Meta

  • Microsoft, Meta jump 9% and 6%, raising value of AI-related stocks

    Shares in artificial intelligence and cloud-computing-related companies were rising sharply before the bell Thursday after Meta Platforms and Microsoft results beat Wall Street expectations. The reports appeared to boost demand for shares in AI chip leader Nvidia Corp, which rose 2.8% in late trading Wednesday just after the earnings reports, and chip rival Advanced Micro Devices, which rose 2%.…

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  • Mark Zuckerberg hosting inauguration day reception for Trump

    Meta CEO Mark Zuckerberg is co-hosting a black tie reception to celebrate President-elect Donald Trump’s election victory on the day of his inauguration, The Hill reported on Wednesday. Zuckerberg is hosting the event, which is scheduled to last three and a half hours and comes prior to the evening inaugural balls in Washington, D.C., together with Republican…

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  • Meta introduces new artificial intelligence training chip

    Meta introduced its new artificial intelligence (AI) training chip Wednesday that supports new generative AI products and services. The US-based global tech firm said its next generation Meta Training and Inference Accelerator, called MTIA, is part of the company’s growing investment in its AI infrastructure that will complement its existing and future AI infrastructure to…

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  • Meta to end cross-messaging between FB and Instagram

    Meta has silently updated its support pages to indicate that the company won’t let users on Instagram message their Facebook contacts anymore. The company, as pointed out by 9to5Google, said the feature will shut down mid-December — without specifying a date. The support page indicates that while you won’t be able to start new cross-platform…

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  • The owner of WhatsApp, Instagram and Facebook has been slapped with a record fine of €1.2bn (£1.04bn) by the Irish data protection regulator. It’s the biggest fine ever levied for breach of the general data protection regulations (GDPR) which require the data holder’s permission before using their personal information. Meta has incurred the fine for…

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  • Russian regulators said Friday that the country’s internet users will be blocked from accessing Instagram, saying it’s being used to call for violence against Russian soldiers. In Moscow’s latest move to restrict access to foreign social media platforms, communications and media regulator Roskomnadzor said in a statement that it’s restricting national access to Instagram. It…

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  • Facebook and Instagram may be shut down across Europe, parent company Meta has said. The issue comes down to European data regulations that prevent Meta, the company formerly known as Facebook, from transferring, storing and processing Europeans’ data on US-based servers. European leaders, however, have embraced Meta’s warning. “After I was hacked I have lived…

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