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Meta Said to Have Urged California Attorney General to Stop OpenAI From Becoming For-Profit
Meta said that allowing OpenAI to become a for-profit company would set a dangerous precedent of allowing startups to enjoy the advantages of nonprofit status until they are poised to become profitable, WSJ reported.
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Elon Musk Says His AI Startup xAI's Grok Chatbot Will Go Open-Source
Elon Musk said on Monday his artificial intelligence startup xAI would open-source its ChatGPT challenger "Grok" this week, days after he sued OpenAI for abandoning its original mission in favor of a for-profit model.
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Meta Sued In US For "Damaging Children's Health": What Lawsuit Says
Dozens of US states have accused Facebook and Instagram owner Meta of profiting "from children's pain," damaging their mental health and misleading people about the safety of its platforms.
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Why Meta Faces Big Suit In US Filed By Over 40 States: 5 Points
Dozens of US states today filed a lawsuit accusing Facebook and Instagram owner Meta of profiting "from children's pain," damaging their mental health and misleading the public over the safety of its platforms. Over 40 states are suing Meta.
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Meta Prioritising Profit Over Safety by Blocking Wildfire News, Says Canada PM Justin Trudeau
Canadian Prime Minister Justin Trudeau on Monday criticized Meta for blocking domestic news from its platforms, saying the Facebook-parent was prioritizing profit over safety as devastating wildfires force tens of thousands to evacuate their homes.
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Meta’s Reality Labs Continues to See Losses Despite Company Boasting 11 Percent YoY Spike in Revenue
Meta’s revenue climbed to $32 billion (roughly Rs. 2,62,377 crore) in the second quarter of 2023. The social networking giant did not disclose exactly how much its metaverse-related unit Reality Labs lose this quarter. It did however say, that its Reality Labs division could see more dips.
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Meta's Facebook Reports 3.03 Billion Monthly Active Users in Q2 2023, Posts Strong Rise in Advertising Revenue
Facebook parent Meta on Wednesday beat market expectations for quarterly earnings, powered by reviving digital ad business. Meta reported a profit of $7.8 billion (roughly Rs. 63,949 crore) on $32 billion (roughly Rs. 2,62,358 crore) in revenue during Q2, as the number of people using Facebook monthly rose to 3.03 billion.
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Facebook Parent Meta's Earnings Beat Market Expectations As Ads Revive
Facebook parent Meta on Wednesday beat market expectations for quarterly earnings, powered by a reviving digital ad business.
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FTC Says Meta Misled Parents on Child Protection Measures, Proposes Ban on Profiting From Minors' Data
The US Federal Trade Commission on Wednesday accused Meta's Facebook of misleading parents about protections for children and proposed tightening an existing agreement on privacy to include a ban on making money from minors' data.
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Meta Earnings Better Than Expected After Restructuring Hiccups
Facebook-parent Meta on Wednesday reported it made a profit of $5.7 billion dollars in the first quarter of this year, beating forecasts after a massive wave of cost-cutting and layoffs.
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Facebook Parent Meta Mints $5.7 Billion in Profits in First Quarter After Wave of Layoffs, Cost-Cutting
Shares in Facebook parent Meta surged Wednesday after the internet titan reported it made a profit of $5.7 billion (roughly Rs. 46,500 crore) in the first quarter of this year, beating forecasts after a massive wave of cost-cutting and layoffs.
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Big Tech Investors to Scrutinise Profits After Industry-Wide Layoffs, Firms to Highlight AI as Growth Driver
Big Tech investors are set to scrutinise how much impact cost cutting, including layoffs, have had on technology giants like Microsoft, Google parent Alphabet, Instagram owner Meta and Amazon. Meanwhile, companies are expected to focus on pitching artificial intelligence (AI) as the next growth driver for the industry.
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US President Joe Biden Says Social Media Firms Exploiting Children, Asks Lawmakers to Restrict Use of Data
US President Joe Biden on Tuesday accused Big Tech firms of conducting a "for profit" experiment on the country's youth and urged US lawmakers to rein in social media firms' abilities to collect the data of children and teenagers online. The US has trailed other countries in creating modern rules to curb the power of the biggest tech firms.
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Layoffs Alone Won’t Solve Tech’s Problems: Parmy Olson
The tech sector has had a tough time recently with the prevailing economic downturn hitting all the big companies. Amazon, Microsoft, Meta, and Alphabet have all announced layoffs in the thousands to cut their losses. While these tech giants are tightening up on fringe benefits and showing their talent the door, there is still more to do.
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Apple Posts First Quarterly Revenue Drop Since 2016 Amid Weak iPhone Sales During Holiday Season
Apple posted its first quarterly drop in revenue since 2016, after weak iPhone sales during the recent holiday season caused by pandemic-related restrictions on its factories in China. Unlike its peers in technology, Apple hasn’t signaled any intention to resort to mass layoffs, despite the quarterly downturn.
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Meta Said to Have Urged California Attorney General to Stop OpenAI From Becoming For-Profit
Meta said that allowing OpenAI to become a for-profit company would set a dangerous precedent of allowing startups to enjoy the advantages of nonprofit status until they are poised to become profitable, WSJ reported.
-
Elon Musk Says His AI Startup xAI's Grok Chatbot Will Go Open-Source
Elon Musk said on Monday his artificial intelligence startup xAI would open-source its ChatGPT challenger "Grok" this week, days after he sued OpenAI for abandoning its original mission in favor of a for-profit model.
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Meta Sued In US For "Damaging Children's Health": What Lawsuit Says
Dozens of US states have accused Facebook and Instagram owner Meta of profiting "from children's pain," damaging their mental health and misleading people about the safety of its platforms.
-
Why Meta Faces Big Suit In US Filed By Over 40 States: 5 Points
Dozens of US states today filed a lawsuit accusing Facebook and Instagram owner Meta of profiting "from children's pain," damaging their mental health and misleading the public over the safety of its platforms. Over 40 states are suing Meta.
-
Meta Prioritising Profit Over Safety by Blocking Wildfire News, Says Canada PM Justin Trudeau
Canadian Prime Minister Justin Trudeau on Monday criticized Meta for blocking domestic news from its platforms, saying the Facebook-parent was prioritizing profit over safety as devastating wildfires force tens of thousands to evacuate their homes.
-
Meta’s Reality Labs Continues to See Losses Despite Company Boasting 11 Percent YoY Spike in Revenue
Meta’s revenue climbed to $32 billion (roughly Rs. 2,62,377 crore) in the second quarter of 2023. The social networking giant did not disclose exactly how much its metaverse-related unit Reality Labs lose this quarter. It did however say, that its Reality Labs division could see more dips.
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Meta's Facebook Reports 3.03 Billion Monthly Active Users in Q2 2023, Posts Strong Rise in Advertising Revenue
Facebook parent Meta on Wednesday beat market expectations for quarterly earnings, powered by reviving digital ad business. Meta reported a profit of $7.8 billion (roughly Rs. 63,949 crore) on $32 billion (roughly Rs. 2,62,358 crore) in revenue during Q2, as the number of people using Facebook monthly rose to 3.03 billion.
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Facebook Parent Meta's Earnings Beat Market Expectations As Ads Revive
Facebook parent Meta on Wednesday beat market expectations for quarterly earnings, powered by a reviving digital ad business.
-
FTC Says Meta Misled Parents on Child Protection Measures, Proposes Ban on Profiting From Minors' Data
The US Federal Trade Commission on Wednesday accused Meta's Facebook of misleading parents about protections for children and proposed tightening an existing agreement on privacy to include a ban on making money from minors' data.
-
Meta Earnings Better Than Expected After Restructuring Hiccups
Facebook-parent Meta on Wednesday reported it made a profit of $5.7 billion dollars in the first quarter of this year, beating forecasts after a massive wave of cost-cutting and layoffs.
-
Facebook Parent Meta Mints $5.7 Billion in Profits in First Quarter After Wave of Layoffs, Cost-Cutting
Shares in Facebook parent Meta surged Wednesday after the internet titan reported it made a profit of $5.7 billion (roughly Rs. 46,500 crore) in the first quarter of this year, beating forecasts after a massive wave of cost-cutting and layoffs.
-
Big Tech Investors to Scrutinise Profits After Industry-Wide Layoffs, Firms to Highlight AI as Growth Driver
Big Tech investors are set to scrutinise how much impact cost cutting, including layoffs, have had on technology giants like Microsoft, Google parent Alphabet, Instagram owner Meta and Amazon. Meanwhile, companies are expected to focus on pitching artificial intelligence (AI) as the next growth driver for the industry.
-
US President Joe Biden Says Social Media Firms Exploiting Children, Asks Lawmakers to Restrict Use of Data
US President Joe Biden on Tuesday accused Big Tech firms of conducting a "for profit" experiment on the country's youth and urged US lawmakers to rein in social media firms' abilities to collect the data of children and teenagers online. The US has trailed other countries in creating modern rules to curb the power of the biggest tech firms.
-
Layoffs Alone Won’t Solve Tech’s Problems: Parmy Olson
The tech sector has had a tough time recently with the prevailing economic downturn hitting all the big companies. Amazon, Microsoft, Meta, and Alphabet have all announced layoffs in the thousands to cut their losses. While these tech giants are tightening up on fringe benefits and showing their talent the door, there is still more to do.
-
Apple Posts First Quarterly Revenue Drop Since 2016 Amid Weak iPhone Sales During Holiday Season
Apple posted its first quarterly drop in revenue since 2016, after weak iPhone sales during the recent holiday season caused by pandemic-related restrictions on its factories in China. Unlike its peers in technology, Apple hasn’t signaled any intention to resort to mass layoffs, despite the quarterly downturn.
