The New Mexico ruling comes as a Los Angeles jury is still debating whether Meta's social media platforms are addictive to children.
With a $375 million penalty, a New Mexico state court case is holding the social-media company responsible for content on its platforms.
Meta Chief Technology Officer Andrew Bosworth will lead the company's efforts to adopt artificial intelligence tools throughout its workforce. Bosworth said in a Tuesday (March 24) post on X that Meta has been integrating AI tools across the organization and expects them to give employees more power to accomplish their work.
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) is developing a personal artificial intelligence tool for CEO Mark Zuckerberg as part of a broader push to integrate AI into internal operations and enhance productivity, according to a Wall Street Journal report. Per people familiar with the matter and internal documents reviewed by the publication, the agent is designed to allow Zuckerberg to access information more quickly than traditional channels, bypassing layers of staff and reducing the need for multiple emails or meetings.
OpenAI has hired longtime Meta Platforms advertising executive Dave Dugan to lead its global ad sales efforts, marking a further step in the company's push to build out new revenue streams around its artificial intelligence products. Dugan, who recently stepped down as vice president of global clients and agencies at Meta, will join OpenAI as vice president of global ad solutions.
Dave Dugan is joining the AI company, which is seeking stronger ties to brands in an effort to boost its nascent ad business.
Social media giant Meta Platforms (NASDAQ: META) is preparing to distribute its next quarterly dividend this week, marking another step in its capital return strategy.
Stepping back from the money-losing metaverse is a smart long-term move. There is an argument that the company should also focus on its core business and outsource much of its AI development.
Meta Platforms rolls out AI support assistant to boost safety, engagement and ad growth, leveraging vast user data amid rising competition in digital ads.
Meta Platforms (META) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Meta said Thursday (March 19) that over the next few years, it will shift the content enforcement efforts on its apps from the current third-party vendors to the company's new artificial intelligence systems.
Meta Platforms (NASDAQ:META | META Price Prediction) stock slipped 2% in afternoon trading on Thursday, with META shares trading at $602 and change.