Meta to Spend Up to $65 Billion on AI
Europe should take greater risks and plough more money into artificial intelligence, Meta's chief AI scientist Yann LeCun told AFP at the World Economic Forum.LeCun pointed to Meta's plans to invest around $60 billion this year,
Donald Trump called the EU's regulation on U.S. tech companies, like Meta, Google and Apple, to be "a form of taxation."
Speaking at the World Economic Forum recently, Meta’s head of the global business group explained how the firm was in contact with
In a Davos roundtable discussion with BI, Nicola Mendelsohn, the head of Meta's global business group, said the company had been speaking with advertisers in recent days and trying to reassure them that nothing will change. Mendelsohn said advertisers would still be able to stop ads appearing next to political content if they wish.
Venture capitalist and early Facebook investor Jim Breyer said Meta CEO Mark Zuckerberg has been energized by his company’s recent push into AI.
Leading business and political figures attending the World Economic Forum meeting in Davos, Switzerland, have discussed and debated topics such as technology, tariffs, climate change, Ukraine, Gaza and the global economy this week.
Meta will be replacing third-party fact checkers in the US with a community notes system. Read more at straitstimes.com.
A report by Proton had revealed that Google had to pay the maximum fine for abusing its market position. Its parent company, Alphabet, paid a total fine of $2.9 billion, which also included a $2.5 billion penalty from the European Union.
Cloudflare CEO Matthew Prince says the Trump administration should make cybersecurity defenses mission critical.
Meta execs meet advertisers to discuss changes in content policies, including removal of third-party fact-checkers.