EU Competition Commissioner Margarethe Vestager says the metaverse does not need to be regulated because it does not pose any antitrust concerns at this time. Vestager’s comments come ahead of a presentation she will make to competition regulators this week,
Twitter is considering legal action against Meta, claiming the company stole trade secrets to develop its fast-growing rival Threads app, according to multiple reports. In a letter dated July 5, an attorney for Twitter, Alex Spiro, accused Meta of engaging
More than 10 million people signed up to join Meta’s new Threads app within the first seven hours of its launch on Wednesday, according to company CEO Mark Zuckerberg. Sign-ups to the Twitter alternative surpassed two million inside in the
Social media rivalry is intensifying as Facebook’s parent company Meta is set to release a new app called Threads, which imitates Twitter, giving direct competition to the Elon Musk owned platform. Threads is scheduled for a Thursday launch in selected
Mark Zuckerberg’s Meta is launching a new subscription service for the Meta Quest VR headset. The service, dubbed Meta Quest+, will offer its subscribers the choice of two hand-picked gaming titles every month. The launch marks a significant shift in
Tech billionaires Elon Musk and Mark Zuckerberg are set to do battle in a cage match that is sure to be one for the ages. The fight, which will be held under UFC rules, is expected to cost $100 to
With investors pouring billions into AI-focused projects, the stocks of many of these companies have soared to new highs, adding around $150 billion to the net worth of the wealthiest individuals. Over the past few months, AI has contributed immensely
Meta, the parent company of Facebook, unveiled two new tools for music and speech: MusicGen and Voicebox. The two new large language models use AI to create authentic-sounding music and speech from text prompts. Voicebox is a generative AI model
Despite the hype about AI becoming sentient, generative AI systems such as ChatGPT are still not as intelligent as dogs, or even cats, according to Meta chief AI scientist Yann LeCun. That’s because AI chatbots lack an understanding of the
Meta CEO Mark Zuckerberg reportedly criticized Apple’s recently launched Vision Pro virtual reality (VR) headset during an all-hands internal meeting, where he also outlined the company’s AI strategy and reiterated his metaverse goals. Zuckerberg said that Meta’s vision for the
Employees working on Meta’s metaverse project are reportedly not as enthusiastic about using the company’s virtual reality (VR) headsets for work meetings, or anything else, Bloomberg reports, citing 11 current and former employees. The workers, who refused to be named,
Mark Zuckerberg has announced the new Meta Quest 3 virtual reality (VR) and mixed reality (MR) headset. The new version of the Quest will feature a higher-resolution display, a faster processor, and improved tracking, the Meta founder and CEO claimed.
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