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Zuckerberg Dubs 2023 Meta’s ‘Year of Efficiency’ as Reality Labs Revenue Crosses $1B Mark
Zuckerberg Dubs 2023 Meta’s ‘Year of Efficiency’ as Reality Labs Revenue Crosses $1B Mark
February 01, 2024  |  Earnings

Meta CEO Mark Zuckerberg dubbed 2023 the “year of efficiency” as the social media giant’s Reality Labs division, which has been losing billions over the...

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Meta Pivots AI Focus to Product-Level Progress in Latest Restructuring
Meta Pivots AI Focus to Product-Level Progress in Latest Restructuring
January 25, 2024  |  artificial intelligence

The artificial intelligence (AI) ecosystem faces two crucial bottlenecks around compute and research talent resources. And the battle for both has never been fiercer, with...

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Meta’s AI Investments Ramp Up as Reality Labs Loses Billions 
Meta’s AI Investments Ramp Up as Reality Labs Loses Billions 
October 25, 2023  |  Meta

Artificial intelligence (AI) is the focal point in the year ahead for Facebook’s parent company Meta Platforms. “In terms of investment priorities,” CEO Mark Zuckerberg...

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Report: Meta to Lay Off Employees in Reality Labs Division
Report: Meta to Lay Off Employees in Reality Labs Division
October 03, 2023  |  Meta

In a move that could hinder Meta’s metaverse ambitions, the parent company of Facebook is reportedly planning to lay off employees in its Reality Labs...

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Does Meta’s 3.59 Billion Users Give It Competitive AI Moat?
Does Meta’s 3.59 Billion Users Give It Competitive AI Moat?
September 29, 2023  |  artificial intelligence

Big Tech’s artificial intelligence (AI) arms race shows no signs of slowing to a cold war. At least not any time soon, while there are...

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What Big Tech Said in Closed-Door Senate Forum on AI
What Big Tech Said in Closed-Door Senate Forum on AI
September 15, 2023  |  artificial intelligence

It was a big week for artificial intelligence (AI) in Washington. This, as U.S. Senate Majority Leader Chuck Schumer (D-N.Y.) hosted a closed-door knowledge sharing forum Wednesday...

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Tech Companies Point to Self-Regulatory Strategies Before Senate AI Hearings 
Tech Companies Point to Self-Regulatory Strategies Before Senate AI Hearings 
September 11, 2023  |  Regulation

U.S. lawmakers are hitting the ground running on creating an artificial intelligence (AI) policy.  Big Tech companies are rushing to prove that they can get there first...

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Report: Meta Planning AI System to Match OpenAI
Report: Meta Planning AI System to Match OpenAI
September 11, 2023  |  artificial intelligence

Meta is reportedly working on a new artificial intelligence (AI) system to compete with OpenAI. According to a Sunday (Sept. 10) report by The Wall...

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Report: Sen. Chuck Schumer to Host Meeting of Tech Leaders on AI
Report: Sen. Chuck Schumer to Host Meeting of Tech Leaders on AI
August 28, 2023  |  artificial intelligence

Senate Majority Leader Chuck Schumer will reportedly host a meeting of a number of tech leaders next month to discuss artificial intelligence (AI). The meeting will...

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