Meta Seeks to Realize Metaverse Dreams With a New “World Fastest” Supercomputer
(Meta) Meta has come up with an “AI Research SuperCluster,” which the company says will be key in its pursuit of the metaverse. Meta claims that the RSC will be…
Meta Plans to Venture Into Hype-Driven $40bn Market for Minting and Selling NFTs
(FT) Facebook Owner Meta is working to allow users to create and sell non-fungible tokens as Facebook’s parent company seeks to join firms trying to capitalize on NTFs mania. Teams…
Meta’s Facebook Faces a $3.2 Billion Fine in Class Action Suit over Market Dominance
(Reuters) Meta’s social media giant Facebook is targeted in a class-action lawsuit in the UK over market dominance that could lead to a fine of up to 2.3 billion pounds…
Russian Court Fines Meta 1.9 billion Rubles on Alleged Law Violations
(VC) Facebook’s parent Meta has been fined 1.990 billion rubles, more than 27 million USD, by the decision of Moscow's Tagansky district court for violating the administrative law.The news came…
Meta to Allow US Users to Transact Using Novi Wallet on WhatsApp
(Twitter) Meta has started testing transactions on its messaging service WhatsApp through the Novi wallet. Meta says it will allow the new feature for a limited number of users in…
Meta Seeks to Weed Out Harmful Content Using AI Systems Amid Growing Pressure
(Cnet) Meta, the parent company of Facebook, has created an artificial intelligence technology to flag harmful and misleading content quickly. Meta says the new AI system, Few-Shot Learner, requires a…
Best Stocks for Santa Claus Rally
A Santa Claus rally is a period where stocks and other assets bounce back in weeks before Christmas. It is often seen as a good time to invest in assets…
Meta Sued by Investors For Loss of $100B on Stock Rout Due to Misleading Information
(CNBC) Ohio Attorney General Dave Yost has filed a class action suit against Facebook after its investors said they lost $100 billion due to stock slump over falsified statements on…
Meta’s Workplace to Integrate With Microsoft’s Teams in New Partnership
(CNBC) Meta has agreed to integrate its Workplace enterprise social network software with rival’s Microsoft Teams. The integration is expected to give users access to Workplace content inside the Teams…
AMD Stock Surges the Strongest in 15 Months on New Business With Meta
(MarketWatch) Shares of Advanced Micro Devices Inc. posted the highest gain since July 29, 2020 after announcing that Facebook’s parent Meta would use its Epyc processors. AMD stock was also…
Why Facebook Became Meta – Understanding the Transformation
Rebranding is not rare in the world of business. Corporations rebrand to give themselves a new lease of life in the market, or they may be looking to pivot their…
Facebook Rebrands to Meta as it Eyes New Ambitions in AR and VR
(Meta) Facebook has announced a change of its name to Meta in its push to an avatar-filled virtual world or metaverse. CEO Mark Zuckerberg says Facebook represents an iconic social…