inflection ai Reid Hoffman's New AI Startup Inflection Hires Top Talent From Google and Meta Inflection AI, a new startup co-founded by Reid Hoffman and Mustafa Suleyman, successfully recruits key artificial intelligence experts away from tech giants Google and Meta. The company focuses on creating AI software that improves how humans interact with computers.
crypto Former Meta Crypto Team Reaches Unicorn Status With $200M A16Z Investment Ex-Meta employees build a new blockchain network and secure a massive $200 million funding round led by Andreessen Horowitz. The deal highlights ongoing strong venture capital interest in the crypto space despite recent market slowdowns.
russia Russia Cracks Down on Major Social Platforms Amid Ukraine Invasion The Russian government bans Facebook and Instagram while restricting TikTok uploads, prompting a massive surge in VPN usage as citizens seek to bypass the growing internet censorship.
russia Russia Blocks Facebook and Restricts Twitter Amid Media Crackdown Russian authorities block Facebook and restrict Twitter as part of a sweeping crackdown on independent media following the invasion of Ukraine. The government also enacts a new law punishing the spread of "fake news" about the military with up to 15 years in prison.
russia Russia Blocks Facebook and Limits Twitter Amid European Media Crackdown Russian authorities block Facebook and restrict Twitter after Meta complies with European orders to limit state-backed media outlets. The move cuts off millions of citizens from independent information and everyday communication.
meta Meta Dismantles Pro-Russian Disinformation Network Targeting Ukraine Meta removes dozens of fake pro-Russian accounts spreading anti-Ukrainian propaganda across its platforms. The company also faces a coordinated hacking campaign aimed at Ukrainian officials and journalists.
google US Tech Giants Crack Down on Russian Disinformation Amid Ukraine Invasion Major U.S. technology companies face intense pressure to combat Russian disinformation following the invasion of Ukraine. Platforms like Google, Facebook, and Twitter are actively removing fake news networks and demonetizing Russian state media.
meta Meta Faces Historic 200 Billion Dollar Market Value Wipeout Meta Platforms experiences a staggering 200 billion dollar loss in market capitalization, marking one of the worst single-day declines in stock market history. The massive drop follows a disappointing earnings report and shifting investor sentiment.
meta Meta Plunges in Historic Market Cap Loss After Facebook User Drop Meta experiences a record-breaking market value decline as Facebook reports its first-ever drop in daily active users. The historic loss raises serious concerns about the company's future growth and its expensive metaverse pivot.
meta Meta Posts Record $232 Billion Market Value Drop in U.S. History Meta loses a historic $232 billion in market value following a weak revenue forecast, marking the largest single-day plunge ever recorded in the U.S. stock market. The massive drop surpasses Apple's previous record as the company faces heavy financial losses from its metaverse investments.
meta Meta Shares Plunge 26% on Weak Forecast and First-Ever User Drop Meta experiences a historic single-day stock drop as the company reports its first decline in daily active users and issues a disappointing revenue forecast. Apple's privacy changes and expensive metaverse investments heavily weigh on the social media giant's outlook.
meta Meta Stock Plunges 20% as Facebook User Growth Stalls for First Time Meta reports disappointing fourth-quarter earnings and weak first-quarter guidance, causing shares to tumble over 20%. Facebook experiences its first-ever quarterly decline in daily active users amid privacy changes and shifting user habits.
ibm IBM Offloads Watson Health Division as Tech Valuations Cool IBM sells its Watson Health unit to Francisco Partners, marking a major shift for the once-heralded AI project. The move comes amid broader market turbulence and cooling tech valuations.
meta Meta Unveils Data2vec AI to Process Speech, Images, and Text Meta introduces data2vec, a single AI model trained to understand speech, images, and text simultaneously. The company plans to integrate this multi-modal technology into future augmented reality and metaverse products.
meta Meta Unveils Data2vec AI That Learns Equally From Text, Audio, and Images Meta researchers introduce data2vec, a versatile self-supervised AI framework that learns effectively across visual, written, and spoken data without needing labeled examples.