
Meta Experiences Share Drop Over Increased AI Spending Plans
Meta’s shares dropped 7% after announcing plans to boost AI spending, raising concerns about the sustainability of the current AI boom amid rising costs and uncertain returns.
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Meta’s shares dropped 7% after announcing plans to boost AI spending, raising concerns about the sustainability of the current AI boom amid rising costs and uncertain returns.

New York — Meta CEO Mark Zuckerberg made a bold claim on the social media giant’s earnings call in July. People without smart glasses may one day be at a “significant cognitive disadvantage” compared to those who do use the tech, he told analysts. That vision for the company’s future could come into focus this …
The post Mark Zuckerberg is making a major bet on the future. He’s about to share it appeared first on Egypt Independent.

CNN — An $8 billion trial by Meta Platforms shareholders against Mark Zuckerberg and other current and former company leaders kicks off on Wednesday over claims that they illegally harvested the data of Facebook users in violation of a 2012 agreement with the US Federal Trade Commission. Jeffrey Zients, White House chief of staff under …
The post Facebook privacy practices the focus of $8 billion trial targeting Zuckerberg appeared first on Egypt Independent.

New York CNN — Meta CEO Mark Zuckerberg is personally assembling a team to achieve a “superintelligence,” machines that are capable of surpassing human capabilities, according to a Bloomberg report. Zuckerberg is reportedly so frustrated with Meta’s efforts in the artificial intelligence space that he has taken it upon himself to meet with experts in …
The post Mark Zuckerberg is reportedly recruiting a team to build a ‘superintelligence’ appeared first on Egypt Independent.

CNN — Mark Zuckerberg, chairman and CEO of the social media company Meta, said in a letter to the House Judiciary committee on Monday that his teams were “pressured” by the Biden White House to censor some content around the Covid-19 pandemic. “In 2021, senior officials from the Biden Administration, including the White House, repeatedly pressured …
The post Mark Zuckerberg says Meta was ‘pressured’ by Biden administration to censor Covid-related content in 2021 appeared first on Egypt Independent.

It will probably not surprise many that Facebook founder Mark Zuckerberg has a disturbing theory about reality. “When you say ‘the real world’,” he told podcaster Joe Rogan last month, … Continued
The post Mark Zuckerberg needs a reality check. Why the metaverse can be a health risk appeared first on The New Daily.