Meta Platforms Inc Class A (META)
Meta adds AI-powered features to WhatsApp Business app
Last year, during the Q3 2023 earnings call, Mark Zuckerberg talked about leveraging AI to have business accounts respond to customers for purchase and support queries. Today, Meta announced AI-powered features for WhatsApp Business apps, such as helping with the creation of click-to-WhatsApp ads and generating responses to frequent customer messages.
Meta's AI Training Plans Targeted by EU Privacy Group
Meta's plans for training its AI have run afoul of a European privacy group. Vienna-based NOYB — the European Center for Digital Rights — said Thursday (June 6) it had filed complaints with 11 European countries, arguing that Meta's use of user data in its AI proposed AI practices violate the EU's General Data Protection Regulation (GDPR).
Meta's AI Project Faces Privacy Complaints in Europe
Meta's new artificial-intelligence project faces complaints from a privacy-focused advocacy group in eleven European countries, highlighting the challenges for big technology as it turns to users' data to train its AI tools.
Meta hit with privacy complaints in Europe over AI plans
A Vienna-based privacy campaign group filed complaints in 11 European countries against Meta on Thursday, saying the global tech giant's planned privacy policy change would allow "unlawful" use of personal data for artificial intelligence technology.
Meta gets 11 EU complaints over use of personal data to train AI models
Meta Platforms was hit with 11 complaints on Thursday over proposed changes that would see it use personal data to train its artificial intelligence models without asking for consent, which may breach European Union privacy rules.
Meta sued by Palestinian-American engineer, claiming he was fired over handling of Gaza content
Ferras Hamad's claims reflect long-standing criticisms by human rights groups over Meta's performance moderating the content posted to its platforms about Israel and the Palestinian territories.
Why Meta Platforms Stock Rallied on Wednesday Morning
A Wall Street analyst is increasingly bullish on Meta due to its quick moves to capitalize on AI. The company is building an impressive roster of AI talent and the computing infrastructure necessary to succeed.
Italy fines Meta over data breach, account management
Italy's competition authority on Wednesday fined global tech giant Meta 3.5 million euros ($3.8 million) for data breaches and failures in managing Instagram and Facebook accounts.
Italy's Antitrust fines Meta 3.5 mln euros for unfair commercial practices
Italy's antitrust regulator AGCM said on Wednesday it has fined Facebook and Instagram owner Meta for what it called unfair commercial practices.
Exclusive: Former Meta engineer sues company saying he was fired over handling of Gaza content
A former Meta engineer on Tuesday accused the company of bias in its handling of content related to the war in Gaza, claiming in a lawsuit that Meta fired him for trying to help fix bugs causing the suppression of Palestinian Instagram posts.
Australia should force Meta to pay for news, News Corp executive says
Australia should force Meta Platforms to pay news companies for content that appears on Facebook and impose broader regulation on social media firms, a senior News Corp executive said.
Meta Cannot Lose VR Money Forever
Meta Platforms, Inc. has achieved strong revenue growth, with $36.5 billion in revenue and a 20% YoY increase. The company's advertising business remains the main driver of revenue, benefiting from the growth in online ad demand. Despite losses from its Reality Labs business, Meta's cash flow remains strong, with an annualized FCF of over $50 billion.
