Meta posts record revenue, doubles down in AI
Meta posted higher revenue last quarter, totalling 36.8 billion euros ($40.1 billion), mainly due to increased revenues from e-commerce, entertainment and gaming, and advertising. The tech giant plans to invest twice as much in AI in the coming year.
Quarterly revenue is a record, exceeding anal... Read more
Cross-tracking on Facebook and Instagram ended, but cannot safe our data
Meta will allow users to not share personal information collected on Instagram with the services of Facebook and vice versa. The company changes the policy to comply with the Digital Markets Act (DMA), which is effective March 7. For all current users of Meta services, however, that legislation wil... Read more
Meta plans to buy 350,000 Nvidia GPUs to compete in AI arms race
Meta plans to purchase 350,000 Nvidia H100 GPUs this year to develop future AI models. In total, the computing power will reach the equivalent of 600,000 H100 chips by the end of 2024, according to CEO Mark Zuckerburg. That'll be needed, as competitors are also buying in bulk to compete.
Zuckerb... Read more
Critical supply chain attack possible via PyTorch
Using self-hosted runners in PyTorch for GitHub operations leads to several vulnerabilities, security engineer John Stawinski IV discovered. This can lead to many malicious actions.
According to security engineer John Stawinski IV, Meta's popular open-source framework PyTorch uses so-called self... Read more
Facebook and Instagram users can (almost) not withdraw tracking consent
Meta's tracking features are once again under scrutiny. Surprisingly, the complaint is issued againby the privacy advocacy organization noyb. That organization again addresses the Austrian regulator, while the previous complaint against Meta's subscription models is still pending.
Noyb argues t... Read more
Generative AI faces existential crisis over copyright concerns
Generative AI has dominated the tech world over the last year. Criticism of this form of AI is plentiful, but rarely does it pose any threat to the continuous development of the technology. However, copyright claims pose an existential crisis for generative AI in its current form.
Right at the e... Read more
Chatbot for Facebook and WhatsApp generates images with AI
Meta is adding about 20 new AI features to Facebook, Messenger, WhatsApp and Instagram. Most of the features are coming to the Meta AI chatbot, such as generating images via text.
The new functionality for the Meta AI chatbot should further expand its capabilities for web search, via Bing, and i... Read more
Meta and IBM start AI Alliance: OpenAI and Google do not want to participate
Meta and IBM's newly formed AI Alliance immediately starts with big names already on board: Intel, Dell and Red Hat. However, the initiative has less appeal in the pool of influential AI developers. What can the AI Alliance accomplish without support from OpenAI, Google and Anthropic?
Arguing t... Read more
Meta doesn’t experience drawbacks from sharing its AI technology
Meta sees no commercial problems in sharing its AI technology. This was stated by Meta's AI scientist, Yann LeCun, at a meeting recently.
Meta has been busy in recent months releasing open-source versions of its LLMs, including Llama 2. According to Meta AI scientist Yann LeCun, the tech giant d... Read more
Meta to bring ailing Threads to Europe in December
Meta plans to launch Threads in Europe in December. The service, mostly seen as the alternative to X (formerly Twitter), could use a new boost.
In the middle of this year, Threads launched as Meta's intended competitor to X, which has had a tumultuous existence since its acquisition by Elon Musk... Read more