Tag #Meta

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zeit.de

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Jul 18, 04:12

Meta Settles Cambridge Analytica Lawsuit

Meta settled a shareholder lawsuit related to the Cambridge Analytica scandal, avoiding a trial where executives would testify. The scandal involved the misuse of data from over 87 million Facebook users to potentially influence the 2016 US presidential election and Brexit referendum, resulting in a...

Meta Settles Cambridge Analytica Lawsuit

Meta settled a shareholder lawsuit related to the Cambridge Analytica scandal, avoiding a trial where executives would testify. The scandal involved the misuse of data from over 87 million Facebook users to potentially influence the 2016 US presidential election and Brexit referendum, resulting in a...

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Peace, Justice, and Strong Institutions

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What is the immediate consequence of Meta's settlement in the Cambridge Analytica shareholder lawsuit?

Meta, Facebook's parent company, settled a shareholder lawsuit stemming from the Cambridge Analytica scandal. The lawsuit, initiated seven years after the scandal broke, alleged that Meta's 2019 settlement with the US government was excessively generous, harming the company. No financial details of the settlement have been released.

theguardian.com

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Jul 17, 01:10

Meta Faces $8 Billion Lawsuit Over Alleged Data Harvesting

A $8bn lawsuit against Meta Platforms' leaders began Wednesday, alleging illegal data harvesting violating a 2012 FTC agreement; testimony includes a privacy expert and will feature Zuckerberg, Sandberg, and others.

Meta Faces $8 Billion Lawsuit Over Alleged Data Harvesting

A $8bn lawsuit against Meta Platforms' leaders began Wednesday, alleging illegal data harvesting violating a 2012 FTC agreement; testimony includes a privacy expert and will feature Zuckerberg, Sandberg, and others.

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How did the Cambridge Analytica scandal contribute to this lawsuit, and what role did the 2012 FTC agreement play?

This trial represents the first of its kind to go to trial, alleging board members' conscious failure to oversee the company, a 'Caremark claim'. The case stems from the Cambridge Analytica scandal, where millions of Facebook users' data was accessed. Shareholders seek reimbursement for the $5 billion FTC fine and other legal costs.

us.cnn.com

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Jul 16, 19:14

Meta Executives Face $8 Billion Lawsuit Over Data Harvesting

A shareholder lawsuit against Meta Platforms executives, including Mark Zuckerberg, began on Wednesday, alleging illegal data harvesting violating a 2012 FTC agreement; shareholders seek over $8 billion in reimbursements for fines and legal costs.

Meta Executives Face $8 Billion Lawsuit Over Data Harvesting

A shareholder lawsuit against Meta Platforms executives, including Mark Zuckerberg, began on Wednesday, alleging illegal data harvesting violating a 2012 FTC agreement; shareholders seek over $8 billion in reimbursements for fines and legal costs.

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How does the Cambridge Analytica scandal connect to the current lawsuit, and what role did the FTC agreement play?

This trial stems from the Cambridge Analytica scandal, where millions of Facebook users' data was accessed. Shareholders seek reimbursement for the $5 billion FTC fine and other legal costs, totaling over $8 billion. The defendants deny wrongdoing, claiming compliance efforts and deception by Cambridge Analytica.

theglobeandmail.com

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Jul 15, 01:14

Meta to Invest Hundreds of Billions in AI Superintelligence Data Centers

Meta Platforms CEO Mark Zuckerberg announced a plan to invest hundreds of billions of dollars in building massive AI data centers to pursue superintelligence, with the first, Prometheus, expected online in 2026; this follows a talent acquisition drive and reorganization under Superintelligence Labs,...

Meta to Invest Hundreds of Billions in AI Superintelligence Data Centers

Meta Platforms CEO Mark Zuckerberg announced a plan to invest hundreds of billions of dollars in building massive AI data centers to pursue superintelligence, with the first, Prometheus, expected online in 2026; this follows a talent acquisition drive and reorganization under Superintelligence Labs,...

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How does Meta's organizational restructuring and talent acquisition strategy contribute to its AI ambitions?

Meta's massive investment is driven by the belief that leading AI models will provide long-term competitive advantages and new revenue streams from applications like the Meta AI app and ad tools. This follows setbacks with its open-source Llama 4 model and key personnel departures. The company aims to compete with OpenAI and Google.

elpais.com

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Jul 3, 10:11

Meta's Aggressive Recruitment of AI Talent Fuels Concerns About Privatization

Meta CEO Mark Zuckerberg is leading an aggressive recruitment drive, offering salaries up to \$100 million annually to attract top AI researchers, resulting in significant losses for OpenAI and highlighting the increasing privatization of AI research.

Meta's Aggressive Recruitment of AI Talent Fuels Concerns About Privatization

Meta CEO Mark Zuckerberg is leading an aggressive recruitment drive, offering salaries up to \$100 million annually to attract top AI researchers, resulting in significant losses for OpenAI and highlighting the increasing privatization of AI research.

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What is the immediate impact of Meta's aggressive recruitment of top AI researchers on the AI research landscape?

Meta CEO Mark Zuckerberg is aggressively recruiting top AI researchers, offering salaries up to \$100 million annually. Eleven professionals have joined his new Superintelligence team, significantly impacting OpenAI, which has lost a considerable portion of its staff.

zeit.de

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Jul 3, 19:17

Meta Creates Superintelligence Lab, Offers Massive Salaries to Compete in AI Race

Meta launched Meta Superintelligence Labs (MSL) to develop superior AI, reportedly offering researchers up to \$100 million annually to compete with OpenAI and Google; this follows Meta's acquisition of 49% of Scale AI for \$14 billion and its open-source LLaMA language models.

Meta Creates Superintelligence Lab, Offers Massive Salaries to Compete in AI Race

Meta launched Meta Superintelligence Labs (MSL) to develop superior AI, reportedly offering researchers up to \$100 million annually to compete with OpenAI and Google; this follows Meta's acquisition of 49% of Scale AI for \$14 billion and its open-source LLaMA language models.

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What is Meta's primary goal with the creation of Meta Superintelligence Labs, and what are the immediate implications of its high-stakes recruitment strategy?

Meta has created a new division, Meta Superintelligence Labs (MSL), aiming to develop superior artificial intelligence before competitors. Securing top AI researchers proved challenging, reportedly requiring salaries of up to \$100 million annually.

theguardian.com

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Jul 17, 07:11

Meta lobbies Australia against AI data privacy restrictions

Meta is urging Australia to avoid privacy law changes that would prevent it from using Facebook and Instagram data to train its AI, arguing the data is vital for its AI to learn about "Australian concepts", unlike limited existing databases; other companies like Bunnings and Woolworths expressed sim...

Meta lobbies Australia against AI data privacy restrictions

Meta is urging Australia to avoid privacy law changes that would prevent it from using Facebook and Instagram data to train its AI, arguing the data is vital for its AI to learn about "Australian concepts", unlike limited existing databases; other companies like Bunnings and Woolworths expressed sim...

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Industry, Innovation, and Infrastructure

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How will proposed Australian privacy law changes directly impact Meta's AI development and its ability to create products tailored to the Australian market?

Meta is lobbying the Australian government to avoid privacy law changes that would restrict its use of Facebook and Instagram user data for AI training, arguing that diverse datasets are crucial for effective AI development and that its AI needs to learn "how individuals discuss Australian concepts". The company cites the limitations of existing databases and highlights the unique insights gleaned from user discussions on its platforms.

cnn.com

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Jul 16, 16:16

Meta Leaders Face $8 Billion Lawsuit Over Facebook Data Harvesting

A trial against Meta Platforms' leadership began Wednesday, alleging they illegally harvested Facebook user data, violating a 2012 FTC agreement; the $8 billion lawsuit seeks reimbursement for the $5 billion FTC fine and other legal costs.

Meta Leaders Face $8 Billion Lawsuit Over Facebook Data Harvesting

A trial against Meta Platforms' leadership began Wednesday, alleging they illegally harvested Facebook user data, violating a 2012 FTC agreement; the $8 billion lawsuit seeks reimbursement for the $5 billion FTC fine and other legal costs.

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What are the immediate consequences if the Meta leadership is found liable for the alleged illegal harvesting of Facebook user data?

An $8 billion lawsuit against Meta Platforms' leadership, including Mark Zuckerberg, has commenced, alleging illegal harvesting of Facebook user data, violating a 2012 FTC agreement. The trial, featuring prominent witnesses like former White House chief of staff Jeffrey Zients, will determine the defendants' liability for the $5 billion FTC fine and other legal costs.

lemonde.fr

🌐 90% Global Worthiness

Jul 15, 01:14

Meta's Hundreds of Billions Dollar AI Investment to Build 'Superintelligence'

Meta CEO Mark Zuckerberg announced a plan to invest hundreds of billions of dollars in AI infrastructure to develop a "superintelligence," constructing gigawatt-scale data centers like Prometheus (launching in 2026) and Hyperion, while also acquiring Scale AI and recruiting top talent from competito...

Meta's Hundreds of Billions Dollar AI Investment to Build 'Superintelligence'

Meta CEO Mark Zuckerberg announced a plan to invest hundreds of billions of dollars in AI infrastructure to develop a "superintelligence," constructing gigawatt-scale data centers like Prometheus (launching in 2026) and Hyperion, while also acquiring Scale AI and recruiting top talent from competito...

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Climate Action

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What is the primary goal and immediate impact of Meta's massive investment in AI infrastructure?

Meta CEO Mark Zuckerberg announced a massive investment of hundreds of billions of dollars in AI infrastructure to build a "superintelligence." This involves constructing gigawatt-scale data centers specifically for training and hosting generative AI models, a significant departure from existing cloud server infrastructure. The first such center, Prometheus, is slated for launch in 2026.

elmundo.es

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Jul 9, 01:14

Meta Launches Massive AI Recruitment Drive to Challenge OpenAI

Meta is forming Meta Superintelligence Labs (MSL), reportedly offering massive salaries to attract top AI talent from competitors like OpenAI and Google DeepMind, aiming to lead in artificial general intelligence (AGI) development, fueled by a \$14.3 billion investment in Scale AI.

Meta Launches Massive AI Recruitment Drive to Challenge OpenAI

Meta is forming Meta Superintelligence Labs (MSL), reportedly offering massive salaries to attract top AI talent from competitors like OpenAI and Google DeepMind, aiming to lead in artificial general intelligence (AGI) development, fueled by a \$14.3 billion investment in Scale AI.

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How is Meta's recruitment strategy affecting the AI talent market and what are the potential long-term consequences?

Meta's strategy involves recruiting key personnel from competitors like OpenAI, Google DeepMind, and Anthropic. This includes high-profile hires such as Alexandr Wang (former CEO of Scale AI) to lead MSL and numerous researchers. The company also invested \$14.3 billion in Scale AI for a 49% stake, demonstrating a significant commitment to AI development.

bbc.com

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Jul 3, 04:11

Widespread Meta Account Suspensions Spark User Outrage and Potential Lawsuit

Thousands of Meta users report being wrongly locked out of their Facebook, Instagram, and potentially WhatsApp accounts, disrupting their work, personal connections, and causing financial losses, sparking a petition and prompting discussion of a class action lawsuit due to lack of customer service a...

Widespread Meta Account Suspensions Spark User Outrage and Potential Lawsuit

Thousands of Meta users report being wrongly locked out of their Facebook, Instagram, and potentially WhatsApp accounts, disrupting their work, personal connections, and causing financial losses, sparking a petition and prompting discussion of a class action lawsuit due to lack of customer service a...

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What is the systemic impact of Meta's account suspension issue on its users and its platform?

Meta is facing widespread user complaints about account suspensions, impacting both personal and business accounts. Users report being locked out of pages crucial to their work and personal connections, with some experiencing financial losses due to business disruptions. The issue affects Facebook, Instagram, and potentially WhatsApp.

theguardian.com

🌐 90% Global Worthiness

Jun 29, 04:15

Meta's \$100M AI Talent Poaching Spree

Meta CEO Mark Zuckerberg is personally leading an aggressive global recruitment drive for top AI talent, offering up to \$100 million in compensation packages to poach engineers and researchers from competitors like OpenAI and Google, reflecting Meta's ambition to become a dominant force in the AI f...

Meta's \$100M AI Talent Poaching Spree

Meta CEO Mark Zuckerberg is personally leading an aggressive global recruitment drive for top AI talent, offering up to \$100 million in compensation packages to poach engineers and researchers from competitors like OpenAI and Google, reflecting Meta's ambition to become a dominant force in the AI f...

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How does Meta's recent investment in Scale AI and the establishment of a "superintelligence team" relate to its broader AI development strategy?

Zuckerberg's recruitment efforts, involving direct outreach and a dedicated "Recruiting Party" WhatsApp group, highlight the intense competition for AI expertise. Meta's recent investments, including \$14 billion in Scale AI and the formation of a "superintelligence team," underscore its commitment to AI development, but also reveal a potential reactive strategy to competitors' advancements.

Showing 49 to 60 of 394 results