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Mark Zuckerberg has spent 14 years gobbling up his leafy Palo Alto neighborhood, according to a New York Times report detailing how the Meta CEO has purchased 11 properties for over $110 million to create his own personal fiefdom in Crescent Park. The piecemeal compound features a main residence, guest homes, manicured gardens, and a…
Meta has acquired AI voice startup WaveForms for an undisclosed sum, The Information reports. It’s the company’s latest buy to strengthen its new AI unit, Superintelligence Labs, and Meta’s second major AI audio acquisition in the last month after it bought PlayAI. WaveForms, founded just eight months ago, raised $40 million from Andreessen Horowitz in…
Looks like Meta isn’t done poaching talent from OpenAI. Earlier this week, TechCrunch reported that Meta had hired influential OpenAI researcher Trapit Bansal, and according to The Wall Street Journal, it also hired three other researchers from the company. Now The Information is reporting four more Meta hires from OpenAI: Researchers Shengjia Zhao, Jiahui Yu,…
Data-labeling company Scale AI confirmed on Friday that it has received a “significant” investment from Meta that values the startup at $29 billion. The startup also said its co-founder and CEO Alexandr Wang is stepping down from his role to join Meta and help the bigger company with its AI work. Reports indicate that Meta…
Meta shareholders shut down a proposal to assess whether Bitcoin should be added to its balance sheet, with just 0.08% of votes in favor of the idea. Meta shareholders have overwhelmingly rejected a proposal to assess whether the tech giant should add Bitcoin to its balance sheet. A “Bitcoin treasury assessment” proposal put before shareholders…
WhatsApp now has more than 3 billion people using it every month, Meta CEO Mark Zuckerberg noted during the company’s Q1 results conference call on Wednesday. Founded in 2009 and acquired by Facebook for $19 billion in 2014, WhatsApp remains free to use and doesn’t serve any ads. The app reached the 2 billion monthly…
With the first week of Meta’s antitrust trial behind us, documents shared by the U.S Federal Trade Commission (FTC) offered more insight into Meta’s internal struggles to keep Facebook relevant. In emails from 2022, Meta executives mulled different visions for Facebook’s future to boost its success, acknowledging that its cultural relevance was decreasing. Fast-forward to…
The first week of the Meta antitrust trial brought new revelations about how the company formerly known as Facebook approached the competitive threat posed by Instagram in the early 2010s. The U.S. government is accusing Meta of violating competition laws by acquiring companies like Instagram and WhatsApp that threatened the Facebook monopoly. If lawyers for…
During Meta’s antitrust trial this week, Meta CEO Mark Zuckerberg said that Snapchat would have grown faster if it accepted his company’s offer to buy the social network back in 2013, Business Insider reports. Court documents revealed that Meta, then called Facebook, offered to buy Snapchat for $6 billion (reports at the time said that…
Meta will no longer have any fact-checkers in the U.S. come Monday, according to chief global affairs officer Joel Kaplan. Meta announced this significant policy change in January when it also loosened its content moderation rules. The timing of this change coincided with President Trump’s inauguration, which Meta founder and CEO Mark Zuckerberg attended after…