July 23, 2024
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Meta Must Face Lawsuit Over Facebook Crypto Ads: US Judge

A US judge rejected Meta Platform’s bid to dismiss a lawsuit by billionaire Australian mining tycoon Andrew Forrest over Facebook crypto ads. The lawsuit revolves around a series of deceptive Facebook ads featuring Forrest endorsing fake crypto projects and other fraudulent investments.  Forrest is now seeking legal recourse, holding Meta responsible for its role in

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Meta Faces Complaints In EU For Alleged Privacy Infringement Of Personal Data To Train AI

Privacy advocacy group Noyb has filed complaints against the social media giant, Meta, for privacy infringement. This comes as Meta updated its privacy policy which comes into effect on June 26. Noyb has asked data protection authorities in 11 countries to intervene. Meta has received multiple complaints about its plans to use customers’ data in

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Meta, Coinbase, Others Form Coalition To Tackle Global Online Fraud

Meta, Coinbase, and others form a coalition called “Tech Against Scams” to fight global online fraud. The coalition includes Match Group, Kraken, Ripple, and Gemini. The initiative will target romance, crypto, and AI-related scams. Meta, Coinbase, and other leading players in the technology and crypto industries have formed a new coalition called “Tech Against Scams”

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Meta Announce Plans To Temporarily Suspend Threads In Turkey

Meta has announced plans to temporarily suspend Threads in Turkey due to regulatory hurdles. The company cites European regulatory struggles. Meta has announced that it will suspend Threads in Turkey from April 29. This decision was in response to an interim injunction filed by the Turkish Competition Authority (TCA).  The agency filed the injunction last

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Meta Implements AI Content Labeling By May In Response To Deepfake Concerns

Facebook and Instagram’s parent firm Meta said it will begin labeling artificial intelligence (AI)-generated content in May. The governing board for Meta made this decision in response to criticism about how altered material is handled and how deepfake technology is becoming more and more prevalent. In addition to addressing concerns about misinformation ahead of crucial

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EU Launches Probe into Tech Giants Apple, Google, Meta, and Amazon Over Digital Markets Act Violations

The European Union (EU) Commission began an extensive investigation targeted at Apple, Amazon, Google, and Meta over non-compliance practices under the new Digital Markets Act (DMA) on March 25. Today, we've opened five non-compliance investigations under the Digital Markets Act. It concerns:🔹Alphabet’s rules on steering in Google Play 🔹Alphabet’s self-preferencing on Google Search🔹Apple’s rules on

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US Rep Maxine Waters Pressures Meta To Disclose Its Plans Related To Blockchain

Meta is getting grilled by US Rep Maxine Waters over its crypto and blockchain ambitions. House rep Maxine Waters sent a letter to Meta CEO Mark Zuckerberg, questioning several new trademark filings for crypto trading, payments and wallet services.  The United States House Financial Services Committee is pressuring Meta, the parent company of Facebook, Instagram

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Meta Unveils Multimodal AI Upgrade For Ray-Ban Smart Glasses

Meta has introduced multimodal AI to Ray-Ban smart glasses to enhance user interaction with the environment.  However, challenges in AI wearables’ user experience must be addressed for widespread adoption. Meta has announced a significant enhancement to their Ray-Ban smart glasses, introducing a suite of multimodal artificial intelligence features that aim to provide users with innovative

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Meta Launches New AI Tools Across Facebook, WhatsApp, And Instagram

Meta adds new AI tools to Facebook, WhatsApp, and Instagram for better user experiences. Meta AI virtual assistant answers questions and generates images in products. New AI features like “Imagine” and collaborative editing enhance user creativity. Meta, the parent company of Facebook, has announced a series of new AI tools and products designed to enhance

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Meta Dissolves Responsible AI Division Amid Restructuring

Social media giant Meta has reportedly disbanded its division responsible for regulating its artificial intelligence (AI) ventures as they are developed and deployed. According to a report, many team members of Meta’s responsible AI division have transitioned to roles within the generative AI product division at the company, with some joining the AI infrastructure team.

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