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The Latest Breaking News from Meta

SAIfety, monetise it: AI is rapidly becoming more about who owns the ecosystem around it - and India is prime candidate

India can profit from global AI safety rules by providing services. The nation possesses the workforce to meet these emerging demands. This approach mirrors past successes in IT and cybersecurity sectors. India can become a trusted AI assurance hub for global companies. This strategy positions India as a key player…

The Economic Times

Meta expands generative AI tools with Muse Image rollout

The company said Muse Image, which is integrated ‌into its ⁠Meta ⁠AI chatbot, can interpret complex prompts, use photos as inputs and let users edit generated images directly through sketches or annotations.

The Economic Times

A $6.5 Billion Reason to Bet on Meta Platforms Stock

Meta is in talks with Samsung over a $6.5 billion deal for its next-gen MTIA AI chips.

Barchart

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Meta removed four million accounts, 36 million posts over child exploitation

Addressing the controversy directly for the first time, Meta said it had already begun taking action before the issue was flagged publicly.

The Economic Times

Tech used to be a mecca for young talent—now, AI start-ups are hiring fewer entry-level talent in favor of older workers with top degrees

Tech companies like Meta built a reputation for snatching talent before they’re out of college. But now, new AI start-ups are turning away young workers.

Fortune

Meta’s $1.4 Trillion Penalty Scare Is Almost As Big As Meta Itself

Meta Platforms (NASDAQ:META) is defending itself in multiple court cases, facing allegations that the company’s social media platforms are harmful and addictive to consumers, especially younger users.

Benzinga

Amazon Has Already Raised More Than $60 Billion In Bond Sales This Year. It Is Now Seeking To Raise Tens More

Amazon is reportedly planning to raise $25 billion in a bond sale.

International Business Times

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Meta Stock Slips After Zuckerberg Admits AI Progress Has Been Slower Than Expected

Meta's stock remains supported by strong fundamentals, but Mark Zuckerberg's latest comments suggest AI execution may be proving more difficult than investors expected.

Barchart

Amazon aims to raise $25 billion from bond sale, Bloomberg News reports

Amazon plans to raise at least twenty-five billion dollars through a new bond sale. This move aims to fund the company's significant investments in artificial intelligence technology. Other major tech firms are also tapping debt markets for similar costly AI infrastructure build-outs. These companies are expected to spend over seven…

The Economic Times

Meta Stock Stumbles. Goldman Sachs Sees a Buying Opportunity Ahead of Earnings.

Goldman Sachs believes Meta’s recent weakness may offer a buying opportunity ahead of the next earnings report.

Barchart

Big tech’s lofty climate goals wrecked by energy-hungry AI

Net-zero pledges of Google and Amazon slip out of reach, and struggling Meta makes frantic moves

The Guardian - US

When shareholder activists attack a company, its rivals may feel the heat too and change their ways

Shareholder activists are investors who leverage their ownership in a company to push for change.

The Conversation

India objection to WhatsApp username switch gets Somalia backing

In a notable reaction, Somalia stands alongside India in opposing WhatsApp’s latest username feature. This initiative raises alarms about possible rises in online fraud and impersonations. Security officials are particularly apprehensive as it could obstruct their investigations into crime and terrorism. While the feature encourages user connectivity without phone numbers,…

The Economic Times

Nigeria to investigate tech firms over news content use

Nigeria's President Bola Tinubu has ordered a probe into major technology companies. The competition regulator will investigate alleged anti-competitive practices and unauthorized news content use. This inquiry examines complaints from Nigerian media groups against Meta, Alphabet, and X. The investigation will assess market dominance and the use of journalistic material…

The Economic Times

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The Independent UK

TikTok says it stopped Bondi attack footage spreading within 90 minutes: ‘Like a SWAT team’

Chinese giant’s policy head arrived from US to Sydney to voluntarily give evidence before the inquiry

The Economic Times

Explained: Why did Samsung shares crash 10% even after tech giant forecast 19x jump in profit

Samsung Electronics shares plunged 10% despite forecasting a 19-fold jump in second-quarter profit, as investors worried the AI-driven memory chip boom may be peaking. Analysts said strong earnings were already priced in, while concerns over slowing AI infrastructure spending triggered a sharp sell-off across semiconductor stocks.

The Economic Times

Microsoft layoffs in July: Who is Asha Sharma? Meet the Xbox CEO who surprised fans with free consoles and is now at the center of Microsoft's layoff storm

Microsoft Xbox layoffs: Xbox CEO Asha Sharma is under the spotlight after Microsoft announced significant workforce reductions. Asha Sharma previously gained praise for distributing free consoles to thousands of fans at LA. The 36-year-old Indian-origin CEO previously worked at Meta, Porch, and Instacart before joining Microsoft again in 2024 as…

The Economic Times

Meta says US states are seeking $1.4 trillion in penalties in August youth safety trial

Meta put forward the figure in its response to the attorneys general's filings on how penalties should be calculated if the states prevailed at trial.

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The Guardian - AU

Indecent proposal: why social media’s rebrand of surveillance tech normalises harassment and non-consensual filming

By selling AI glasses as aspirational, cool and fashion-forward, tech elites are trying to pacify their entry into the mainstream world

The Economic Times

WhatsApp username row: Meta gets time till July 9 to reply to notice

However, the Ministry of Electronics and Information Technology (MeitY) subsequently issued a formal notice directing Meta to put the India rollout on hold pending a rigorous risk assessment. It also asked the company to submit a response on the same by Monday.

The Economic Times

View: Meta's cloud play will spice up Ambani-Adani rivalry

Meta Platforms is leasing its excess AI compute capacity to enterprise clients. This move will reshape the rivalry between Indian tycoons Mukesh Ambani and Gautam Adani. Ambani's Reliance and Meta are partnering on a large data center project. This alliance addresses data sovereignty concerns for Indian businesses. It allows local…

International Business Times

Meta Reportedly Allowed Ads Promoting Child Abuse. Now India Is Threatening Action Against The Company.

India has threatened legal action against Meta after a report found that the company allowed the running of ads promoting child sexual abuse.

We Got This Covered

Beloved California restaurant closes after 23 years. Owner says Meta is to blame for the collapse

He blames the tech giant for the restaurant's final chapter.

Barchart

Here's Yet Another Reason Why Investors Should Be Bullish on Meta Platforms

Meta Platforms just rolled out Pocket, a new AI-driven gaming platform.

TechRadar

‘A very, very unpleasant surprise’: Meta forced to halt data center water discharges after polluting city's water reclamation system with resistant bacterium — shutdown and cleaning of two water reclamation plants expected lasted months

Meta has been named as the source of contamination for a rare metal and drug resistant bacterium that shut down two water reclamation plants.

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Yvonne Gonzalez Rogers

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