When attorneys general from across the US announced a $17 billion settlement with Meta this summer, the sum was unprecedented. But a ruling last week by a New Mexico judge blew that number out of the water. The judge ordered Meta to pay $25 billion to resolve claims that Meta misled users around the 2018 […]
Nvidia will put $3bn into Meta and work more closely with it on Muse, Meta’s personal AI agent, the two companies announced today. The money is part of the share sale Meta launched on Monday to pay for its growing AI spending. Since then, Meta has rais…
The RealReal, a secondhand luxury fashion consignment retailer, said it’s updating its bot defense system, effectively making it harder for AI agents to shop on its site. The change comes days after The Verge reported that an AI agent could be used to take advantage of The RealReal’s item reserve system. On the retailer’s website, […]
Instagram has started testing a new format for long, horizontal videos called Features. Head of Instagram Adam Mosseri and product chief Tessa Lyons announced the test on Monday. View this post on Instagram A post shared by Adam Mosseri (@mosseri) …
Instagram is announcing a big push into longform horizontal video, which the platform is calling “Features.” Instagram boss Adam Mosseri has been against doing longform video on the platform “for a long time,” he says in a six-and-a-half-minute video (here’s the widescreen version) with VP of product Tessa Lyons, saying that “one of my concerns […]
Goldman Sachs is putting $500M into the next phase of its 10,000 Small Businesses programme, including a new AI institute built with Anthropic, Google, Meta and OpenAI. At the launch, its chief executive said there is very little that needs the frontie…
Meta launched two share offerings worth about $35bn on Monday, as it looks for new ways to pay for its growing spending on AI. The larger offering is $22.5bn of Class A common stock sold through forward sale agreements. Under these deals, Meta delivers…
Instagram is continuing its expansion into living rooms with Instagram for TV, for Apple TV. The company first started testing a version of the platform focused on Reels, live streams, and other video content, blown up for a bigger screen in December of last year. Then, in June, it launched a slew of new features […]
Meta has pushed the start of its new business terms to 20 November from 30 October, Reuters reported. Publishers say the terms let Meta crawl their websites for its products. The delay came a day after the News/Media Alliance demanded the terms be with…