Tag: Meta.

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Meta’s Metaverse Is Finding Its Legs — In Avatars

Meta’s Horizon Worlds, the metaverse flagship app of the company formerly known as Facebook, is reportedly getting legs as part of users’ avatars in the coming weeks. The functionality is already present in a public test version of the app, but it is only present in Horizon Home, the default space of each user. Meta’s…
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Meta launches community-licensed AI coding tool to the public

Code Llama is available for both personal and business use under the Llama2 community license agreement. Meta AI announced the launch of ‘Code Llama,’ a community-licensed artificial intelligence (AI) coding tool built on the Llama2 large language model (LLM), on Aug. 24. The new tool is a fine-tuned version of LLama2 that’s been trained specifically…
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Thailand Threatens Facebook With Shutdown Over Crypto Scams

The government in Bangkok will try to shut down Facebook in Thailand alleging the social media network isn’t doing enough to stop scams. Fraudsters have been luring users to invest in fake companies and cryptocurrencies, authorities said, and the number of complaints has been mounting. Meta Platforms’ Facebook Faces Online Fraud Lawsuits in Thailand Authorities…
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India House passes bill to ease BigTech data compliance

The lower house in the parliament of India approved updates to a bill that would ease data storage, processing and transfer standards for BigTech companies. The lower house of India’s parliament voted in approval of a bill that will ease data compliance regulations for Big Tech companies, according to a report from Bloomberg.  On Aug.…
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Facebook Owner Meta May Launch Chatbot ‘Personas’ Next Month, Report

U.S. tech giant Meta is preparing to launch multiple chatbots powered by artificial intelligence (AI) as early as September. According to an article quoting knowledgeable sources, the company seeks to encourage user engagement on its social media platforms with the chatbots that could also be used to collect more user data. Meta Seeks to Seize…
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Analyzing Mark Zuckerberg’s Metaverse Investment: $21 Billion in Losses So Far

Facebook boss Mark Zuckerberg’s metaverse push has so far cost his company $21 billion, with little to show for in terms of real results, according to a recent Bloomberg opinion piece. For the massive amount of money spent on developing a metaverse, Zuckerberg and Facebook-owner Meta have only managed to sell some 20 million units…
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Lightspark CEO David Marcus States Building on Bitcoin’s Lightning Network Is ‘Incredibly Complex and Hard’

David Marcus, CEO of Lightspark, a company that builds business-grade solutions to facilitate payments on top of the Lightning Network, shared his experience in developing on top of the Bitcoin scaling layer. Marcus stated that it is “incredibly complex and hard to build software around this protocol,” acknowledging the constraints the Lightning Network presents for…
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Meta Platforms fined $14 million for Onavo privacy issues: Report

The decision in an Australian court was driven by increasing concerns about illicit activities in the crypto market and the desire to safeguard investors. An Australian court has reportedly ordered Meta Platforms, the owner of Facebook, to pay fines amounting to 20 million Australian dollars ($14 million) for collecting user data through a smartphone application,…
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Alibaba to support Meta’s AI model Llama – report

Alibaba’s cloud computing service taps Meta’s artificial intelligence model Llama to power new software development. E-commerce group Alibaba will become the first Chinese company to make use of Meta’s open-source artificial intelligence (AI) model Llama to power zero-cost development of programs. According to an initial report from Reuters which cited an official statement from Alibaba…
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Trademark attorney predicts legal fights ahead with Twitter’s rebrand to X

According to Josh Gerben, the social media platform could be embroiled in lawsuits over its “X” branding for years, costing upward of millions of dollars. Josh Gerben, a trademark attorney with Gerben Intellectual Property, has suggested the company formerly known as Twitter could spend upward of $100 million in dealing with litigation as a result…
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