After the triumph of ChatGPT, Mark Zuckerberg has launched a new language model for Meta. Both Google’s Bard and OpenAI’s chatbot use extensive language model systems, which are the backbone of any generative AI system. According to CNBC, Meta has trained a system they name LLaMA and plans to reveal
As far as we can tell, a Colombian court created legal history by conducting one of the first judicial proceedings in the nation in the metaverse. The hearing, took place on February 15. And was pushed by Magdalena court judge Mara Victoria Quiones Triana. It employed Horizon Worlds technology offered
The National Basketball Association (NBA) has reached an agreement to stream certain games in the metaverse for free. The firm extended its existing collaboration with Meta on January 23 to continue broadcasting its games utilizing VR (virtual reality) technology. Moreover, Meta’s consumer headgear, the Meta Quest 2, will be utilized
Officially announcing the acquisition of Diem Group, a Facebook-affiliated firm, and its intellectual property and other technology assets essential to run the blockchain-based payment system, Silvergate made the deal public in February of last year. In 2021, Facebook stopped working on its digital currency project because of intense scrutiny from
While the whole IT sector has been struggling in 2022, Meta has had it particularly difficult. Since the firm changed its name in October 2021, when its stock was trading at $323.57 a share, the price of the stock has plummeted by 60%. Based on data from MarketWatch, Meta is
Doug Anmuth, an analyst at JPMorgan, recently published a consumer note in which he predicted that Meta will continue to show indications of improving its cost control. The analyst stated: “Heading into 2023, we believe some of these top and bottom line pressures will ease, and most importantly, Meta is
Meta was fined by Irish data protection authorities for how it handled client information. The investigation that resulted in the €265 million fine (Approx $277) was conducted by the Irish Data Protection Commission. An examination of the online dissemination of sensitive information on 500 million Facebook and Instagram users was
The Russian government has delivered a serious setback to Meta (Facebook). On Friday, Meta was reportedly designated as an extremist group by the Russian Ministry of Justice. An earlier ruling in Russia found that Meta was involved in extremist activity. Additionally, Moscow censored Instagram and Facebook. They said it was
It has just come to light that 11,000 people, or around 13% of Meta’s staff, would be impacted by the decision. Mark Zuckerberg, CEO of Meta, made the news on the official blog. The crypto market is in disarray, and the IT sector has its own issues. Following Twitter’s big
Recently, layoffs have become more prevalent. Many firms operating in the cryptocurrency industry have started laying off employees as a means of cutting costs. Moreover, it was reported that Meta had is planning to follow suit and was getting ready for “large-scale layoffs.” Many have speculated that the Reality Labs
