Tag Archives: META

Meta, led by CEO Mark Zuckerberg, is set to fire 3,600 employees next week as part of its latest round of mass layoffs, targeting 5% of its "lowest performers." The notices will be sent out starting Monday at 5 AM local time in most countries, including the United States, according to a report by Reuters.

In a bold move that could reshape the global AI landscape, Alibaba has launched its latest AI model, Qwen2.5 Max, claiming that it outperforms some of the biggest players in the AI industry, including DeepSeek’s AI models, OpenAI’s GPT-4, and Meta’s Llama.

Meta Platforms Inc., led by CEO Mark Zuckerberg, has revealed ambitious plans to invest at least $60 billion in artificial intelligence (AI) technology in 2025, aiming to solidify its position as a leader in the rapidly expanding field. This investment will include a massive new datacenter to power Meta's AI operations, with total capital expenditures expected to range from $60 billion to $65 billion for AI-related technologies.

A parliamentary panel in India is set to summon Meta, the parent company of Facebook, over a controversial statement made by its CEO, Mark Zuckerberg, regarding the 2024 Indian elections. The remarks, which were made in a podcast, suggested that the incumbent government in India lost the election due to its handling of the Covid-19 pandemic.

Meta has terminated 24 employees in Los Angeles after discovering they misused company-issued meal credits to purchase personal household items. According to a report by the Financial Times, these staff members were using their $25 meal credits to buy non-food items, including toothpaste, acne pads, and wine glasses.

In a remarkable turn of events, Meta CEO Mark Zuckerberg has surpassed former Amazon CEO Jeff Bezos to claim the title of the world's second-richest person, with a net worth of $206.2 billion, according to the Bloomberg Billionaires Index. This achievement sees Zuckerberg outpacing Bezos's net worth of $205.1 billion, although he still trails Tesla CEO Elon Musk by nearly $50 billion.

On August 2, 2024, Turkey's national communications authority, BTK, announced a blanket block on Instagram, sparking confusion and backlash. The decision, which was revealed in a brief statement on the BTK website, did not provide specific reasons or an estimated duration for the block.

Meta AI is now accessible in Hindi and six additional languages, marking a significant expansion for the tech giant’s multilingual assistant.

Mark Zuckerberg's unconventional celebration of Independence Day has stirred up a social media feud with fellow tech magnate Elon Musk. The Meta CEO's July 4th festivities, captured in a viral wakeboarding video, featured him clad in a tuxedo, proudly waving an American flag while enjoying a beverage.

In a lighthearted revelation, Facebook CEO Mark Zuckerberg shared an amusing anecdote about his daughter's perception of his profession, highlighting the challenges of explaining complex concepts to young children.