Meta Platforms $META announced on Tuesday a groundbreaking agreement with Constellation Energy $CEG to maintain continuous operation of one of Constellation’s nuclear reactors in Illinois for the next 20 years. This contract marks the first time a major technology company has secured long-term nuclear power as part of its energy sourcing strategy.
Meta Platforms $META has unveiled an exciting development by integrating its AI assistant, Meta AI, into Ray-Ban smart glasses across seven European nations. This latest rollout enables users in Germany, Austria, Belgium, Denmark, Norway, Sweden, and Finland to interact with Meta AI through voice commands, receiving prompt answers to general inquiries directly via Facebook and Instagram channels. The expansion builds on the earlier European launch of the company’s AI technology in March, following initial plans announced last June that faced regulatory delays due to data protection and privacy concerns.
Meta Platforms $META, the parent company of Facebook and Instagram, has recently come under fire from its independent oversight board regarding significant policy revisions made in January. These changes have led to a reduction in fact-checking processes and a softening of restrictions surrounding discussions on contentious topics such as immigration and gender identity. The oversight board has raised concerns about the potential negative consequences of these adjustments, particularly in the context of a politically charged environment.
Amidst high-stakes legal proceedings in Washington, new tactics for regulating digital giants are emerging. Meta Platforms $META CEO Mark Zuckerberg recently testified in a landmark trial spearheaded by the United States Federal Trade Commission (FTC). The FTC’s primary goal is to unravel Meta’s acquisitions of key assets, namely Instagram and WhatsApp, spotlighting renewed concerns over market consolidation and antitrust issues in the digital era.
In July 2024, Meta Platforms $META , the parent company of Facebook and one of the world’s leading digital communication titans, took a bold step on the European market. The company announced its intention to utilize user interactions with its artificial intelligence, along with public posts and comments made by adults on its platforms, to train its AI models within the European Union.
In Washington, a pivotal antitrust trial is set to commence on Monday involving Meta Platforms, the parent company of Facebook. The case centers on allegations that Meta established an illegal monopoly in the social media landscape by spending billions on acquiring Instagram and WhatsApp. U.S. federal antitrust regulators are seeking the unwinding of these deals.
The European Commission is poised to decide in the coming weeks whether Apple and Meta Platforms violated the Digital Markets Act (DMA). This decision could significantly impact the business models of these tech giants and redefine the competitive landscape of the digital market.
Meta Platforms, the company behind Facebook and Messenger, is launching a new "Teenage Accounts" feature aimed at bolstering the safety of young users against potential online threats. This move also addresses criticism the corporation has received for its insufficient safety measures for its young audience.
Meta Platforms is once again making waves in the tech world by launching the latest generation of language models that combine the processing of various data types. This past Saturday, the company unveiled two advanced versions—Llama 4 Scout and Llama 4 Maverick—while also introducing Llama 4 Behemoth, a model touted as one of the smartest and most powerful language models available today. These new releases underscore Meta’s commitment to developing multimodal systems capable of integrating text, video, images, and audio, thereby bridging the gap between diverse forms of content.
Meta Platforms is making a strategic leap in the realm of sports technology by entering into a multi-year agreement with the Ultimate Fighting Championship (UFC). Through this deal, Meta Platforms becomes the first official technology partner of the UFC, marking a significant milestone in the convergence of digital innovation and sports entertainment. This partnership not only expands the digital footprint of both brands but also signals the growing interest of major tech giants in interactive and monetized sports broadcasting.
Recent weeks have been challenging for Reddit Inc., as its stock has plummeted by 50% since reaching a peak in February. The volatility in tech company stocks continues to exert pressure on the financial performance of many market players, and Reddit is no exception. This situation necessitates a detailed examination of the factors contributing to the stock decline and the company's future prospects.
Meta Platforms, the parent company of WhatsApp, one of the world’s most popular messaging platforms, is continuing its legal battle with European regulators over data privacy issues. Recent court proceedings regarding a multi-million euro fine could serve as a significant turning point for personal data protection standards within the EU. Let’s delve into the origins of the dispute, examine the tense relationship between WhatsApp and the European Data Protection Board (EDPB), and explore the potential implications for global data regulation.
