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The Latest Breaking News from Meta

Meta's capex inflation: Mark Zuckerberg's AI appetite and Trump's tariffs are boosting infrastructure spending to as much as $72 billion

The social media company cited its aggressive AI goals and rising hardware costs for its decision to raise capex spending by billions of dollars from the range it had set just three months ago.

Fortune

Meta Quarterly Profit Climbs Despite Big Cloud Spending

Tech giant Meta reported quarterly profits well above expectations Wednesday, brushing aside market worries that its heavy investments in cloud computing and artificial intelligence would hamper growth.

International Business Times

Stocks Rebound Ahead of Earnings from Microsoft and Meta Platforms

The S&P 500 Index ($SPX ) (SPY ) Wednesday closed up +0.15%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.35%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.13%. June E-mini S&P futures (ESM25 ) are up +0.19%, and June E-mini Nasdaq futures...

Barchart

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Conservative activist Robby Starbuck sues Meta over AI responses about him

Conservative activist Robby Starbuck has filed a defamation lawsuit against Meta alleging that the social media giant’s artificial intelligence chat bot spread false statements about him, including that he participated in the the riot at the U.S. Capitol on Jan. 6, 2021

The Independent UK

Stocks close mixed on news of GDP decline, recession fears grow

Major earnings later Wednesday will be closely watched by Wall Street: Qualcomm, Meta, and Microsoft all report after the bell.

Fortune

The best smart glasses you can buy just got a lot creepier

Meta is watching, always watching

Laptop

Large Libel Models: New AI Libel Lawsuit, Brought by Conservative Activist Robby Starbuck Against Meta

Some excerpts from the long Complaint in Starbuck v. Meta Platforms, Inc., filed in Delaware Superior Court yesterday (for… The post Large Libel Models: New AI Libel Lawsuit, Brought by Conservative Activist Robby Starbuck Against Meta appeared first on Reason.com.

Reason

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Meta’s quarterly earnings beat Wall Street expectations as its AI investments rise by billions

‘We’ve had a strong start to an important year’, Zuckerberg said as company posts $42.35bn in revenue for first quarter

The Guardian - US

Meta slowest to remove scam content, says City watchdog

FCA says Instagram and Facebook owner takes up to six weeks to act on warnings about finfluencer posts

The Guardian - UK

Mark Zuckerberg shares the truth behind ‘underground bunker’ at $270m home

Meta boss Mark Zuckerberg has addressed rumours about owning an “underground bunker” in Hawaii, telling comedian Theo Von's This Past Weekend podcast that the base is "more underground storage".

The Independent UK

EU competition chief on digital regulation: 'We're not here to make enemies'

The European Commission imposed fines on digital giants Apple and Meta last week, and concluded two cases against them under its digital regulations.

Euronews

Rebels in Colombia are recruiting youth on social media. The UN wants TikTok and Facebook to do more

The United Nations says rebel groups in Colombia are using apps like Facebook and Tik Tok to recruit children and young adults, and social media companies must do more to moderate content

The Independent UK

Satya Nadella says AI already writes 30% of Microsoft's code — but Bill Gates claims software development is too complex to be fully automated

During a recent fireside chat with Meta CEO Mark Zuckerberg at Meta’s LlamaCon conference, Microsoft CEO Satya Nadella indicated that 20-30% of the company's code is written by AI.

Windows Central

Microsoft's CEO reveals that AI writes up to 30% of its code — some projects may have all of its code written by AI

Satya Nadella revealed that AI writes as much as 20% to 30% of the code in Microsoft's repositories and projects.

Tom’s Hardware

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Euronews

Meta’s AI app: Everything to know about the tech giant’s new assistant

The announcement was made on Tuesday at Meta’s first LlamaCon developer event at its Menlo Park, California, headquarters.

The Guardian - UK

UK’s top universities received £2.8m worth of funding from Meta last year

Campaigners urged universities to be more cautious in their engagement with Facebook’s owner

PC Gamer

Microsoft CEO Satya Nadella says AI generates 'fantastic' Python code, and that it now creates 'maybe 20 - 30% of the code ... in some of our projects'

Hey, who commented 'purple monkey dishwasher' in here?

Barchart

S&P Futures Slip With U.S. GDP and PCE Inflation Data in Focus, Microsoft and Meta Earnings on Tap

June S&P 500 E-Mini futures (ESM25) are trending down -0.30% this morning as investors cautiously await a barrage of U.S. economic data, including the Fed’s favorite inflation gauge and the first estimate of first-quarter GDP, as well as earnings reports from “Magnificent Seven” companies Microsoft and Meta.

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The Independent UK

Disgruntled user has left the chat: Is it time to hang up on WhatsApp?

IN FOCUS: The messaging platform’s stranglehold on communication in the digital age has largely gone without challenge – until now. But the recent decision to force AI upon its users might just be the final straw, writes Helen Coffey

TechRadar

Meta AI is here to take on ChatGPT and give your Ray-Ban Meta Smart Glasses a fresh AI upgrade

Meta AI launches a standalone mobile app that also controls Ray-Ban Meta smart glasses.

International Business Times

Meta Releases Standalone AI App, Competing With ChatGPT

Social media behemoth Meta unveiled its first standalone AI assistant app on Tuesday, challenging ChatGPT by giving users a direct path to its generative artificial intelligence models.

Android Central

New Meta AI app provides a Llama 4-powered challenge to Gemini

The Meta View app is becoming the Meta AI app, moving beyond Ray-Ban glasses settings to a more general AI experience built to rival Gemini Live.

The Independent UK

Take It Down Act, addressing nonconsensual deepfakes and 'revenge porn,' passes. What is it?

The Take It Down Act, which seeks to enact stricter penalties for the distribution of non-consensual intimate imagery, sometimes called ‘revenge porn’ online, is heading to President Donald Trump's signature after its bipartisan passage in congress

Tom’s Guide

Meta takes on ChatGPT with new standalone AI app — here's what makes it different

Meta has launched its first standalone AI app, to compete with ChatGPT and Gemini — featuring voice chat, a Discover feed, and deep social integration.

Evening Standard

Regulation of AI chatbots is ‘muddled and confused’, charity warns

One online safety group has urged Ofcom to clarify and strengthen its approach to AI chatbots in the Online Safety Act.

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