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Market Chatter: Meta Platforms to Face Trial Over Children's Social Media Addiction Claims

Meta Platforms (META) is set to go to trial in California federal court over claims that it made Facebook and Instagram addictive to children and unlawfully gathered their data, Reuters reported Friday.The 29 states involved in the lawsuit are seeking age limits and the …

Mark Zuckerberg promises free AI for billions — then buries a bidding war in the fine print

The metaverse appears to be long gone. After writing his recent 6,500-word manifesto called "The Future is for Everyone," it's clear that Facebook founder Mark Zuckerberg is now hyperfocused on his parent company Meta's [NASDAQ: META] hyperscaling efforts. Must Read Jeff Bezos backs a …

Meta, 29 states head to court in biggest test yet of youth social media litigation

By Diana Novak Jones Aug 12 (Reuters) - Meta Platforms will face a coalition of state attorneys general in a California federal court trial beginning on Wednesday over claims it engineered Facebook and Instagram to be addictive to children, a case that could expose …

3 Reasons We Love Meta (META)

3 Reasons We Love Meta (META) Over the past six months, Meta's shares (currently trading at $591.67) have posted a disappointing 11.8% loss, well below the S&P 500's 11% gain. This was partly due to its softer quarterly results and may have investors wondering …

'Avoid disaster': Sanders urges Meta, OpenAI, and Anthropic to freeze AI development

[AI acronym floating over futuristic circuit board] Yuliya Taba/iStock via Getty Images Senator Bernie Sanders has urged leading AI companies to freeze development, warning that firms have lost control over models that could trigger disastrous consequences for millions. In a letter [https://www.sanders.senate.gov/wp-content/uploads/AI-Pause-Letter-FINAL.pdf] to the …

Meta Platforms (META) Opens AI Models As $1 Billion Fund And Lawsuits Add Pressure

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Meta Platforms (NasdaqGS:META) is pushing to open source superintelligent AI models and has launched Muse Glimmer as part of this effort. Mark Zuckerberg …

Meta Stock Jumps 2.3% as Open-Weight AI Strategy Returns

This article first appeared on GuruFocus. Meta Platforms (NASDAQ:META), the social-media and AI powerhouse behind Facebook and Instagram, advanced roughly 2.3% Tuesday as investors got another look at Mark Zuckerberg's open-AI playbook. Meta released Muse Glimmer under an Apache 2.0 license, putting the weights …

AI firm Manus to resume 'independent' operations after China blocks Meta deal

China has been cracking down on a practice known as "Singapore-washing," which is when companies leave the country to take advantage of looser regulations and funding opportunities (GREG BAKER) AI startup Manus said Tuesday it would resume "operating as an independent company," months after …

Manus returns to independence after China blocks Meta acquisition

Manus announced Tuesday that it will resume operating as an independent company, as it works to comply with Beijing's order to reverse Meta's $2 billion acquisition of the startup. Manus is an AI agent startup that originated in China in 2022 and later moved …

Meta Faces Thousands of Social Media Addiction Lawsuits

This article first appeared on GuruFocus. Meta Platforms Inc. (META, Financials), the parent of Facebook and Instagram, suffered another legal setback after a U.S. appeals court allowed thousands of lawsuits over alleged social media addiction to move forward. Warning! GuruFocus has detected 2 Warning …

How Nvidia’s Huang and Meta’s Zuckerberg Are Combating the AI Backlash

Intel increases stock offering to $20 billion, SpaceX stock rises after first lockup ends, Archer Aviation to absorb Boeing’s air taxi business, and more news to start your day. Continue Reading

Meta announces $1B fund for communities near its data centers

Yahoo Finance Tech Editor Dan Howley analyzes Meta (META) CEO Mark Zuckerberg's vision for open-source "personal superintelligence," his criticism of rival AI labs, and Meta's $1 billion initiative to support communities hosting its data centers. Video Transcript 00:00 Speaker A Zuckerberg in this kind …

AMD Brings Meta's New AI Model to PCs

This article first appeared on GuruFocus. Advanced Micro Devices Inc. (AMD, Financials), the chipmaker competing with Nvidia in AI computing, is bringing Meta's new Muse Glimmer 30B model directly to supported PCs and workstations. Warning! GuruFocus has detected 4 Warning Signs with AMD. Is …

Meta Stock Rises as $1 Billion AI Strategy Unfolds

This article first appeared on GuruFocus. Meta Platforms (NASDAQ:META), the social-media and AI powerhouse behind Facebook and Instagram, unveiled its next big AI swing Monday, and the strategy is becoming hard to miss: Zuckerberg wants Meta's models everywhere. Shares gained approximately 0.9% in regular …

Meta Platforms Inc (META) หุ้น เคลื่อนไหว ขึ้น 6.22% เมื่อวันที่ 3 ส.ค.: ข้อมูลสำคัญที่นักลงทุนควรรู้