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Meta’s AI model that can pick individual objects from within an image

Facebook-owner Meta has published an artificial intelligence model that can pick individual objects from within an image, Reuters news report said. The company’s research division...

Meta launches Facebook and Instagram verification service in US

Meta Platforms has launched its subscription service in the U.S., asking Facebook and Instagram users to pay for verification. The price of Facebook and Instagram...

Facebook-parent Meta cuts jobs of 10,000 employees in second round

Facebook-parent Meta Platforms has confirmed that it would cut 10,000 jobs, four months after sacked 11,000 employees. “We expect to reduce our team size by around...

Meta launches paid subscription service for $12-15 per month

Meta Platforms on Sunday announced it is testing a monthly subscription service, called Meta Verified, which will let users verify their accounts using a government...

Meta lowers Capex as it aims to cut data center spend

Meta Platforms has lowered its capital expenditures (Capex) to $30-33 billion for 2023 from its prior estimate of $34-37 billion. The reduced outlook in Capex...

Ireland fines Meta $414 mn for breaches at Facebook and Instagram

Ireland’s data privacy regulator fined Meta Platforms 390 million euros ($414 million) on Wednesday for breaches at its Facebook and Instagram services. Ireland’s Data Privacy Commissioner...

Facebook to pay $725 mn to solve Cambridge Analytica data scandal

Facebook owner Meta Platforms has agreed to pay $725 million to solve a class-action lawsuit accusing the social media giant of allowing third parties, including...

Facebook, Google need to pay for online news: New Zealand

The New Zealand government said it will introduce a law that will require big online digital companies such as Google and Facebook to pay...