Meta

Meta Shows Strong Growth As AI Spending Surges

The social media behemoth, which is also the parent company of Instagram and WhatsApp, said net profit in the third quarter was $15.7 billion -- up 35 percent on the same period last year.

Meta And Spotify Blast EU Decisions On AI

The firms along with several researchers and industry bodies signed an open letter claiming that Europe was already becoming less competitive and risked falling further behind in the age of AI.

Meta Bans Russian State Media Outlets For 'Interference'

The ban comes after the United States accused RT and employees of the state-run outlet of funneling $10 million through shell entities to covertly fund influence campaigns on social media channels including TikTok, Instagram, X, and YouTube, according to an unsealed indictment.

Threads Hits 175 Mn Users On First Anniversary

Threads, which hit app stores on July 5 last year, is a spin-off of Instagram and is intended to be a rival to X, formerly known as Twitter, after that platform alienated many users and advertisers following Elon Musk's purchase in 2022.

Meta Profits Soar But Costs Of AI Cause Worry

The company founded by Mark Zuckerberg said that net profit in the January to March period rose to $12.4 billion with total revenue, mainly from selling ads, up an impressive 27 percent, at $36.5 billion.

Meta 'Supreme Court' Takes On Cases Of Deepfake Porn

The move by what is referred to as a Meta "supreme court" for content moderation disputes comes just months after the widespread sharing of lewd AI-generated images of megastar Taylor Swift on X, formerly Twitter.

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