meta Meta Forms New AI Product Group to Rival Tech Competitors Meta CEO Mark Zuckerberg announces a new internal team dedicated to building generative AI tools for the company's social media apps. The move positions Meta to compete directly with Microsoft, Google, and Snap in the rapidly evolving artificial intelligence space.
meta Meta Forms New Generative AI Team to Rival Chatbot Competitors Mark Zuckerberg announces a dedicated generative AI team at Meta to integrate chatbots and visual tools into WhatsApp, Messenger, and Instagram.
meta Meta Unveils LLaMA AI Model to Rival Google and Microsoft Meta releases a new large language model called LLaMA to AI researchers as it pushes to compete in the generative AI space.
meta Meta Agrees to Record $725 Million Settlement Over Facebook Data Scandal Meta agrees to a $725 million class action settlement to resolve the Cambridge Analytica data harvesting lawsuit. The deal spares top executives, including Mark Zuckerberg, from facing further questioning in court.
meta Meta Bans Workplace Discussions on Abortion, Guns, and Vaccines Meta instructs employees to stop discussing sensitive political topics like abortion and gun control in the workplace. The new policy aims to reduce distractions as the company navigates financial struggles and recent mass layoffs.
tech layoffs Major Tech Companies Slash Thousands of Jobs Amid Economic Downturn Tech giants like Meta and Twitter are eliminating thousands of positions as the industry faces declining revenue and rising inflation. These massive layoffs mark a sharp reversal from the rapid hiring sprees seen during the pandemic.
meta Meta Lays Off 11,000 Workers Amid Major Tech Industry Slowdown Facebook's parent company Meta eliminates 11,000 jobs as it faces declining revenue and a broader industry pullback. The layoffs mark the largest job cuts in the company's history.
meta Investors Frustrated as Meta Stock Plummets 72% Over Metaverse Spending Meta's stock drops to its lowest level since 2015 as Mark Zuckerberg's massive metaverse investments ignore shareholder demands for profit. Because of a dual-class share structure, investors find themselves powerless to change the company's direction.
meta Meta Stock Plunges 25% as Ad Slump and Metaverse Bets Devastate Earnings Meta's stock drops to 2016 levels after a weak third-quarter earnings report shows declining revenue and massive metaverse investments. The tech giant faces compounded pressure from an advertising slowdown, Apple's privacy changes, and a strong U.S. dollar.
meta Meta's Massive Stock Plunge Fails to Deter Zuckerberg's Metaverse Investment Despite a devastating 20 percent stock drop and massive market value losses, Mark Zuckerberg maintains total control over Meta and continues to pour billions into his metaverse vision.
meta Meta Unveils $1,499 Quest Pro Headset and Workplace VR Partnerships Meta reveals its high-end Quest Pro headset at Connect 2022, partnering with Microsoft to bring productivity apps to virtual reality. The company also announces new business-focused subscriptions and shares that its app store has generated over $1.5 billion.
meta Meta Unveils $1,499 Quest Pro Headset Focused on Workplace Productivity Meta reveals the high-end Quest Pro VR headset, featuring full-color passthrough and advanced tracking for mixed reality. The premium device targets professionals rather than casual consumers at a steep $1,499 price point.
meta Meta Unveils $1,499 Quest Pro Headset Focused on Workplace Productivity Meta introduces the premium Quest Pro VR headset, shifting focus from budget accessibility to high-end mixed reality features. The device boasts full-color passthrough, eye-tracking, and a steep price tag aimed at professionals.
meta Meta Unveils Make-A-Video AI That Turns Text Prompts Into Moving Clips Meta introduces Make-A-Video, a new artificial intelligence system that generates short videos from simple text descriptions. The tool builds on previous text-to-image technology by teaching the AI to understand real-world motion.
meta Meta CEO Zuckerberg Warns of Economic Downturn, Vows to Do More With Less Meta CEO Mark Zuckerberg announces that the company faces a broad economic downturn impacting digital advertising and plans to steadily reduce headcount growth over the next year.