Why Facebook Parent Meta Is Scrambling to Catch Up on AI Technology

As the summer of 2022 came to a close, Meta CEO Mark Zuckerberg gathered his top lieutenants for a five-hour dissection of the company’s computing capacity, focused on its ability to do cutting-edge artificial intelligence work, according to a company memo dated September 20 reviewed by Reuters. They had a thorny problem: despite high-profile investments … Read more

Meta Planning Lower Bonus Payouts for Some Employees: Report

Facebook owner Meta Platforms is planning to lower bonus pays for some employees, and assess staff performance more frequently, the Wall Street Journal reported on Tuesday, citing an internal memo. Employees of the social media giant, who get a rating of “met most expectations” in their 2023 year-end reviews, will receive a smaller percentage of … Read more

Meta to Work on ChatGPT-Like Generative Artificial Intelligence, Will Explore AI Tools for WhatsApp, Instagram

Meta is creating a new top-level product group focused on generative artificial intelligence (AI), Chief Executive Mark Zuckerberg said on Monday, as the AI race among Big Tech firms heats up. AI has emerged as a bright spot for investments in the tech industry, which has been struggling with slowing growth, and has cut thousands … Read more

Mark Zuckerberg May Have Better Luck With Elon Musk’s ‘Blue Tick’

Three months ago, Elon Musk announced an $11 (roughly Rs. 910) monthly subscription service to give Twitter users a blue verification check mark. On Sunday, Meta Platforms announced largely the same thing: a $15 (roughly Rs. 1,240) subscription service for users to get a blue verified badge, so long as they provide a government-issued ID. Meta Chief … Read more

Instagram to Roll Out New Broadcast Chat Feature ‘Channels’, Will Be Available on Messenger, Facebook

Instagram, the social media platform owned by Meta Platforms, is rolling out a broadcast chat feature called Channels, the company’s boss Mark Zuckerberg said on Thursday. “I’m starting a channel to share news and updates on all the products and tech we’re building at Meta,” Zuckerberg said in a Facebook post. “It will be the … Read more