Meta reportedly moves to unwind $2B Manus deal after Beijing’s demand
techcrunch.com

Meta reportedly moves to unwind $2B Manus deal after Beijing’s demand

Meta has begun dismantling its $2 billion acquisition of Manus, a Chinese-founded AI startup, by completing an operational separation and halting data sharing between the two companies. This move complies with a divestiture order issued by Beijing roughly two months ago on national security grounds. Meta has cut Manus off from its internal systems, preventing employees from using Manus tools for internal projects. The co-founders of Manus have held discussions about raising $1 billion to reclaim the [...]
Meta’s months-old AI unit is a soul-crushing gulag, say the engineers stuck inside it
techcrunch.com

Meta’s months-old AI unit is a soul-crushing gulag, say the engineers stuck inside it

Meta's Applied AI team, comprising around 6,500 engineers and product managers, is reportedly on the verge of revolt due to poor working conditions and morale. Employees, who were drafted into the group with little choice, describe their work as "soul-crushing" and liken it to a "gulag." The team was established to support Meta's AI research ambitions, with the goal of training AI models to outperform humans at technical tasks. However, employees feel undervalued and overworked, leading to [...]
Meta Edits Gets Desktop Version and Creator Assistant for Users
analyticsinsight.net

Meta Edits Gets Desktop Version and Creator Assistant for Users

Meta has upgraded its video editing application, Edits, with a creator's assistant and announced a desktop version. The assistant helps creators gauge content performance on Instagram, analyzing views, watch time, and audience retention. It also pitches content concepts, surfaces trends, and recommends audio tracks. The desktop version will allow editing across devices, with work syncing between mobile and desktop, offering greater control and streamlining production workflows. This upgrade puts Edits in competition with established video-editing platforms. Meta [...]
Meta’s Subscription Push Exposes Its Weak Hand in AI
livemint.com

Meta’s Subscription Push Exposes Its Weak Hand in AI

Meta Platforms is pushing for subscription-based services as a means to diversify its revenue streams beyond advertising. The company's reliance on ads, with 97.6% of its revenue coming from this source last year, has hindered its ability to grow beyond its core business. Meta's efforts to expand into non-ad revenue, including AI-powered products and services, have been met with limited success. The company's subscription push is a crucial attempt to break free from its dependence on advertising, [...]
Meta and Reliance expand India partnership with AI data center plan
digitimes.com

Meta and Reliance expand India partnership with AI data center plan

Meta and Reliance Industries are expanding their partnership with plans for an AI-enabled data center in India. The data center aims to strengthen digital infrastructure for one of the world's fastest-growing internet markets. The agreement includes a major clean energy component, with Reliance committing to power the data center using renewable energy sources. The partnership is expected to drive innovation and growth in the Indian tech sector.
Quote of the Day by Mark Zuckerberg: A lot of people are focused on taking over the world…’
businesstoday.in

Quote of the Day by Mark Zuckerberg: A lot of people are focused on taking over the world…’

Mark Zuckerberg, co-founder and CEO of Meta, emphasized the importance of focus in creating a great product, stating that it's not about global conquest, but executing a specific utility with extreme focus. This mindset drove Facebook's growth from a single-campus network to a global platform. The quote was made during a 2005 interview in Facebook's first office, when the platform had 3 million users. Zuckerberg's approach differed from other tech companies at the time, which prioritized rapid [...]
Qualcomm teases ‘something new,’ and we might see it at Meta Connect
androidcentral.com

Qualcomm teases ‘something new,’ and we might see it at Meta Connect

Qualcomm has teased a new reality in the world of XR, hinting at a major reveal involving its Snapdragon chip. A teaser video shows the chip inside an XR headset, sparking speculation about a potential device from Samsung or Meta. The headset resembles a Meta Quest product, leading to theories about a debut at Meta Connect later this year. Qualcomm's post promises a smarter and more immersive XR experience, with many details still unknown. The company's teaser [...]