Sen. Josh Hawley (R-Mo.) sent a letter urging Meta CEO Mark Zuckerberg to bankroll a compensation fund for victims harmed by the company’s social media platforms. “I urge you to immediately create a fund endowed by your own personal wealth for the purpose of compensating those who have been victimized by your platforms,” Hawley wrote. … Read more
Several of the major technology companies with CEOs slated to appear before Congress on Wednesday have announced new initiatives or positions on efforts to protect children’s safety online ahead of this week’s hearing. The heads of Discord, Meta, Snap, TikTok, and X, formerly known as Twitter, are set to testify before the Senate Judiciary Committee … Read more
Rep. Maxine Waters (D-Calif.) sent a letter to Meta executives Monday expressing her concerns with recent filings related to digital assets services. In a letter to Meta CEO Mark Zuckerberg and COO Javier Olivan, Waters said she was concerned about the “filing status of five trademark applications related to various digital assets services and blockchain technology” with … Read more
Meta Platforms Inc. shares closed at their first record high in more than two years on Friday, as the Facebook parent fully recovers from a selloff that at one point had erased more than three-fourths of its value. The stock rose about 2% to $383.45, surpassing an all-time high that has stood since September 2021. … Read more
Meta CEO Mark Zuckerberg said Thursday that the company is training its next generation of artificial intelligence (AI) models and hopes to make it accessible to everyone through products such as AI smart glasses. “Today I’m bringing Meta’s two AI research efforts closer together to support our long-term goals, building general intelligence, open sourcing it … Read more
Former Meta Chief Operating Officer Sheryl Sandberg announced Wednesday that she will step down from the company’s board of directors this year, shifting roles to an internal adviser. Sandberg, who served as the company’s COO from 2008 to 2022, is leaving to focus on philanthropic work but will remain on the board to “help ensure … Read more
Generative artificial intelligence (AI) models frequently produce false legal information, with so-called “hallucinations” occurring between 69 percent to 88 percent of the time, according to a recent study. Large language models (LLMs) — generative AI models, like ChatGPT, that are trained to understand and produce human language content — have previously been known to “hallucinate” … Read more
Elon Musk will definitely always be considered one of history’s top weird little guys, and 2023 has only served to cement his image. He managed to poorly run all of his companies, running Twitter (I will not call it X) into the ground, causing Tesla to lose ground in the EV race, allowing The Boring … Read more
If 2022 was the year the generative AI boom started, 2023 was the year of the generative AI panic. Just over 12 months since OpenAI released ChatGPT and set a record for the fastest-growing consumer product, it appears to have also helped set a record for fastest government intervention in a new technology. The US … Read more
A new report from Human Rights Watch found that Meta’s policies have been “silencing voices” in support of Palestinians on Instagram and Facebook in a “wave of heightened censorship” amid the ongoing Israel-Hamas conflict. The human rights-focused advocacy group documented more than 1,050 takedowns and suppression of content posted by Palestinians and supporters on Meta … Read more
