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AI chip startup FuriosaAI reportedly turns down $800M acquisition offer from Meta

AI /

FuriosaAI, a South Korean startup that makes chips for AI applications, has rejected an $800 million acquisition offer from Meta, opting instead to focus on developing and producing its AI chips, according to a local media report. Disagreements over post-acquisition business strategy and organizational structure, rather than price issues, caused the negotiations to break down, […]

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Meta settles UK ‘right to object to ad-tracking’ lawsuit by agreeing not to track plaintiff

Social /

A human rights campaigner, Tanya O’Carroll, has succeeded in forcing social media giant Meta not to use her data for targeted advertising. The agreement is contained in a settlement to an individual challenge she lodged against Meta’s tracking and profiling back in 2022. O’Carroll had argued that a legal right to object to the use

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Meta has revenue sharing agreements with Llama AI model hosts, filing reveals

AI /

In a blog post last July, Meta CEO Mark Zuckerberg said that “selling access” to Meta’s openly available Llama AI models “isn’t [Meta’s] business model.” Yet Meta does make at least some money from Llama through revenue-sharing agreements, according to a newly unredacted court filing. The filing, submitted by attorneys for the plaintiffs in the

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Threads adds new features to highlight topics and limit replies

Apps /

Meta’s social network Threads, an X competitor with more than 320 million monthly active users, is now rolling out new features related to topics, reply controls, and video playback in the app, among other things. It’s also making political content suggestions more personalized to the user, the company says. Combined, the features aim to make

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Meta AI is finally coming to the EU, but with limitations

AI /

Amid an ongoing regulatory battle with European privacy authorities, Meta announced on Thursday that its AI-powered virtual assistant, Meta AI, is finally launching in the European Union. The chatbot-like tool will be rolled out across Meta’s portfolio of social platforms, albeit with a more limited feature set compared to what it offers in its domestic

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WhatsApp will soon limit number of broadcast messages users and businesses can send

Apps /

Chat platform WhatsApp said today that it will limit the number of broadcast messages individual users and businesses can send to curb spam on the app. In the coming weeks, the company will start testing limits on individual broadcast messages. Under these limits, WhatsApp will put a monthly limit on the number of broadcasts. While

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Meta takes aim at ex-employee’s memoir ‘Careless People’

Social /

Meta won a legal victory this week against Sarah Wynn-Williams, a former employee who recently published a memoir of her time at the company titled “Careless People: A Cautionary Tale of Power, Greed, and Lost Idealism.” An arbitrator ruled that the company has made a valid case that Wynn-Williams, who worked at Facebook (now Meta)

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Meta is launching Community Notes in the US next week

Social /

Next week, Meta will begin one of the company’s most significant overhauls ever for how it fact-checks information on its platforms. On March 18, Meta will start releasing its version of Community Notes for Facebook, Instagram, and Threads users in the United States. The program copies a crowdsourced fact-checking system that Twitter unveiled in 2021

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Meta is reportedly testing in-house chips for AI training

AI /

Meta is reportedly testing an in-house chip for training AI systems, a part of a strategy to reduce its reliance on hardware makers like Nvidia. According to Reuters, Meta’s chip, which is designed to handle AI-specific workloads, was manufactured in partnership with Taiwan-based firm TSMC. The company is piloting a “small deployment” of the chip

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