META COMPANIES
Zomato stops ‘Xtreme’ service; Reliance to bring back Shein
Zomato has halted its hyperlocal goods delivery service due to a lack of demand.
Meta’s Threads turns one with 175 million users. What’s driving the growth?
Meta’s Threads, launched July 5, 2023, by Mark Zuckerberg, hits 175 million monthly users, challenging Elon Musk’s X. Despite X's growth, Threads steadily climbs. It tested the ActivityPub protocol, launched an API, started a fact-checking program, posts appear on Mastodon. Instagram promotion boosts users amid political content policy criticism.
Threads hits 175 million users on first anniversary
Threads, Meta's alternative to X (formerly Twitter), has hit 175 million monthly users a year after its out-of-the-blue launch. Threads, which hit app stores on July 5 last year, is a spin-off of Instagram and is intended to be a rival to X, formerly known as Twitter, after that platform alienated many users and advertisers following Elon Musk's purchase in 2022.
Reliance's app, stores may soon sport Shein
Reliance Retail Ventures is gearing up to launch Chinese fast-fashion label Shein in India, a year after forming a strategic partnership with the brand. The retailer plans to sell Shein products on its app and offline stores. Former Meta director Manish Chopra may lead Shein's operations in India. Shein aims to reduce dependence on China and leverage India's supply chain. The platform and data will be hosted and controlled by Reliance Retail.
Meta's new tech can create 3D assets from text prompts within minutes
3D assets are digital files representing objects in three-dimensional space. Hulk in the Avengers movies is an example. The technology is based on two existing models of the company: AssetGen which generates 3D objects and TextureGen for its texturing.
Meta to end ban on the word 'shaheed' on oversight board's recommendations
Meta Platforms lifts 'shaheed' ban after oversight board review, addressing criticisms from Middle East handling. Policy change praised for averting censorship of millions.
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AI is learning from what you said on Reddit, Stack Overflow or Facebook. Are you ok with that?
Some longtime users have attempted to erase their previous contributions or transform them into nonsense, but their efforts have not yielded significant results. A few governments, such as Brazil's privacy regulator on Tuesday, have also attempted to intervene. Meta has also encountered resistance in Europe, where it recently put on hold its plans to start feeding people's public posts into training AI systems
All you need to know about Meta AI personal assistant
Meta's AI assistant integrates into social media, surpassing competitors, focusing on specific chatbox messages, offering quick editing features for influencers, aiding content creators and small business owners on various platforms.
EU accuses Meta of breaking digital rules with paid ad-free option
Meta introduced a no-ads subscription service for Facebook and Instagram in Europe last November. The company stated that users who agree to tracking receive a free service supported by advertising revenue, while those who opt out can choose to pay to keep their data private.
Meta says it may block news from Facebook in Australia
Meta is considering blocking news content in Australia over licensing fees. The company awaits government decisions on fee regulations for tech giants, following similar actions in Canada. Agreements with Australian media may not be renewed, potentially impacting job cuts. Concerns arise over fraudulent ads and content moderation challenges within Meta.
Meta must face lawsuit claiming it prefers foreign workers over US citizens
The legal landscape shifted with the Section 1981 ruling impacting tech giants like Meta Platforms and Apple. Cases against biased hiring practices signal a push for fair employment. Conservative groups scrutinize diversity initiatives, while calls for federal investigations challenge companies like Tyson Foods. Upholding U.S. citizens' rights in employment remains a focal point in the evolving discourse.
Apple, Meta not in talks currently for AI partnership: report
Apple rejected Meta Platforms' offer to integrate its Llama chatbot into iPhones due to privacy concerns, opting for OpenAI's ChatGPT instead.
European tech must keep pace with US, China: Meta's Nick Clegg
Europe is lagging behind both the United States and China when it comes to technology and innovation, top executive with US firm Meta Nick Clegg has told AFP. Clegg, president of global affairs at the parent company of Facebook, Instagram and WhatsApp, said Europe had a "real problem". Clegg has spearheaded previous efforts by Meta to invest in tech in Europe, announcing in 2021 that the US firm would create 10,000 jobs there to help build the "metaverse".
What happens when telcos' DNS server is down
Internet outages in India on June 18 affected over 45,000 Reliance Jio users and 9,000 Bharti Airtel users due to DNS server downtime, impacting popular applications like WhatsApp and Facebook.
Apple and Meta have discussed AI partnership: report
Meta Platforms discussed integrating its generative AI model into Apple's AI system. AI startups Anthropic and Perplexity also in talks with Apple, as reported by the Wall Street Journal.
Meta will not launch Meta AI in Europe for now
Meta Platforms postpones Meta AI launch in Europe due to Irish privacy regulator's request on user data from Facebook and Instagram.
Govt, digital news publishers discuss revenue sharing with big tech companies
The DNPA had petitioned the government to evolve a revenue sharing mechanism with big technology companies such as Google and Meta that aggregate and distribute content created by others and monetise the internet traffic generated in the process.
Meta’s 450% surge offers potential for next tech stock split
An uptick in stock splits this year has analysts eyeing Meta Platforms Inc, the only stock in the Magnificent Seven that hasn't split shares. Trading at over $500, Meta is seen as ripe for a split, benefiting from AI exposure, buybacks, and a dividend introduction.
Can you opt out of Meta's AI scraping? Sort of
Meta announced the expansion of its AI services globally, using public information to train its AI starting June 26, sparking privacy concerns in Europe. Users in the U.S. were already subject to this practice. The program's future expansion remains uncertain.
Nvidia's stunning gains increasingly power Wall Street's record run
Nvidia - which on Wednesday became the world's second-most valuable company following a 147% run this year - has alone accounted for about a third of the index's gain.
Nvidia's market cap hits $3 trillion briefly, overtaking Apple as second most valuable company
The latest rally in Nvidia comes as it prepares to split its stock ten-for-one, effective on June 7, a move that could increase its appeal to individual investors.
Nvidia overtakes Apple as world's No. 2 most valuable company
Nvidia's stock hits record high, surpassing Apple to become second most valuable company at $3 trillion. Silicon Valley chipmaker to split stock ten-for-one on June 7. Microsoft remains the world's most valued company with market value at $3.15 trillion.
Former Meta engineer sues company saying he was fired over handling of Gaza content
A former Meta engineer sued the company for bias in handling Gaza-related content, alleging wrongful termination. Meta faced criticism for suppressing Palestinian support amid the Gaza conflict.
Top technology, aviation companies may dial DoT for service call numbers
As more businesses in sectors such as ride-hailing, food-tech, quick grocery commerce, as well as social media adopt voice calls as an option to authenticate users, it makes sense for them to differentiate themselves from fraud numbers. The department of telecommunications (DoT) on Tuesday allocated 160 numbering series for transactional and service calls made by businesses for commercial purposes. This was done mainly to protect mobile phone users from the surging nuisance of pesky calls and messages, which also lead to financial fr
Meta identifies networks pushing deceptive content likely generated by AI
Meta found 'likely AI-generated' content on Facebook and Instagram, including comments praising Israel's handling of the Gaza war. The content was attributed to a Tel Aviv-based political marketing firm, STOIC.
US presses TikTok, Meta and X to crack down on antisemitic posts: report
The Biden administration urges tech companies to tackle antisemitic content. Companies like Alphabet, Meta, Microsoft, and TikTok met with U.S. special envoy Deborah Lipstadt to combat rising antisemitism post Hamas attack on southern Israel and Gaza Strip bombardment.
Conversational commerce powered by Gen AI to spur next wave of growth for businesses: Bain & Company - Meta Report
Sandhya Devanathan, Head and VP, Meta in India, said the company sees business messaging as a key growth driver of its business in India. “We see it in terms of consumer behavior on our platforms, in terms of people using messaging to communicate with businesses, and we see that given the size of the WhatsApp platform and what users are asking for. 60% of the users of WhatsApp in India message a business every week,” she said.
Some AI companies face a new accusation: 'Openwashing'
Proponents of open source AI models say they're more equitable and safer for society, while detractors say they are more likely to be abused for malicious intent. One big hiccup in the debate? There's no agreed-upon definition of what open source AI actually means.
Draft digital competition bill will make business untenable: IAMAI
Ex-ante regimes tell businesses precisely how to behave, or what to do. Under the current ex-post regime of the Competition Act, companies are only required to ensure that their conduct in the market is not anti-competitive. An overlapping ex-ante regime proposed under the digital competition Bill will force tech companies to comply with parallel legislation and undertake measures for additional compliance, the IAMAI said.
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