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The Latest Breaking News from Meta

More Big Tech company debt ‘would increase the macro risks associated with the AI build-out,’ Goldman Sachs warns

Amazon, Google, Meta, Microsoft, and Oracle have taken on $121 billion in new debt, year to date—quadruple the amount from the prior five years.

Fortune

Spanish court orders Meta to pay nearly half a billion euros in damages to media outlets

Spanish legacy media companies in Spain have scored a victory against social media giant Meta after a Madrid-based court ordered that it must pay news outlets nearly half a billion euros in damages

The Independent UK

Yann LeCun Leaves Meta to Launch Ambitious AI Startup

AI pioneer Yann LeCun exits Meta to build a startup focused on world-model AI that can see, reason, plan, and interact with the physical world.

International Business Times

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Meta AI Chief Yann LeCun Leaves to Start New Venture in Advanced Machine Intelligence

Meta AI Chief Yann LeCun to leave Meta and launch a new startup focused on advanced machine intelligence.

International Business Times

Millions of Gen Zers are watching Hitler and Holocaust denial clips on Instagram

Meme scholar Aidan Walker described it as an “ironic dog whistle”—material that is plainly anti-Semitic, but stylized and self-referential enough that users can deny belief while still spreading the narrative.

Fortune

AI may replace people in Southeast Asia’s scam complexes–and that could undercut the drive to stop them

Governments and other NGOs may withdraw from the fight against scam centers if their citizens are less at risk from human trafficking.

Fortune

Australia’s Under-16s Social Media Ban Is Here: What You Need To Know

We have a lot to unpack.

Pedestrian.tv

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Instagram to start closing Australian under-16 accounts week before government deadline

Platforms found to breach law may face fines of up to $32.09m

The Independent UK

Meta alerts young Australians to download their data before a social media ban

Meta has started notifying young Australians to download their digital histories and delete their accounts from Facebook, Instagram, and Threads

The Independent UK

French ‘godfather of AI’ Yann LeCun confirms he is leaving Meta to launch AI start-up

LeCun has previously said he does not agree that LLMs, which Meta is investing billions into, are the future of intelligence.

Euronews

Michael Burry Hits Back At Critics: Accuses AI Companies Of 'Suspicious Revenue Recognition' And Depreciation Gimmicks: 'Fraud, Not A Flywheel'

Investor Michael Burry pushed back against critics who challenged his take on chip depreciation at hyperscalers like Meta Platforms Inc. (NASDAQ:META) and Oracle Corp. (NYSE:ORCL), while doubling down with fresh claims that top AI firms are inflating earnings through accounting maneuvers.

Benzinga

Brooklyn driver who killed a mother and two children is sentenced to 3 to 9 years in prison

A Brooklyn wigmaker and social media influencer who raced through a red light and plowed into a mother and three children has been sentenced to 3 years to 9 years in prison

The Independent UK

Chinese drug trafficking suspect handed to the US by Mexico pleads not guilty in NYC

A Chinese drug trafficking suspect who escaped custody in Mexico only to be recaptured in Cuba has been turned over to the U.S. to face charges he trafficked large quantities of cocaine and fentanyl into the country

The Independent UK

Meta's Victory Over the Federal Trade Commission Shows the Market Moves Faster Than Antitrust Enforcement

The decision ends the witch hunt begun under the first Trump administration.

Reason

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Benzinga

EXCLUSIVE: 'We Dropped Out Of Harvard And Dedicated Our Lives To Building This'—Their $479 AI With 'Hyper-Intelligent' Brain Rivals Meta [UPDATED]

Editor's Note: This article has been updated with new information from the founders mentioned below

The Guardian - AU

Morning Mail: breast cancer hope, photos suggest Israel used cluster bombs, Meta starts closing children’s accounts

New federal guidelines aim to improve detection of hard-to-find cancers; photographs suggest IDF used banned munitions

TechRadar

Meta is spending millions on bug bounties and security tools to boost WhatsApp security

New tools, expanded reach and a boosted bug bounty program are coming for WhatsApp.

AAP

Tech giant pounces early ahead of social media age bans

Aussie teens have been put on notice over a massive change coming for social media platforms, with warnings to back up important photos or memories.

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news in one place.

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The Guardian - US

Trump officials announce $1bn loan to restart Three Mile Island nuclear plant

Facility that was site of worst nuclear disaster in US history will provide power for Microsoft datacenters

Reason

People Like Having Too Much Content, Says Swiss Study on Information Abundance

Plus: FTC loses Facebook case, building a fertility abundance agenda, ICE staffer arrested in underage sex sting, and more...

Barchart

Is Meta Stock a Buy or a Sell Before Michael Burry Drops His Bombshell on November 25?

Meta Platforms stock has been under pressure of late, among others, due to the allegations that Michael Burry has leveled against hyperscalers. Burry has promised more information on November 25, but Meta's risk-reward looks quite attractive now after the recent crash.

Euronews

Spain investigates Meta over alleged 'massive' spying case on Android users

Spain's President announced that he will deploy a series of measures to combat "disinformation", protect minors, eradicate "hate speech" and curb the violation of citizens' privacy.

International Business Times UK

Instagram & WhatsApp Saved by TikTok? — Meta Clears Historic Legal Hurdle

Meta escapes a historic FTC antitrust challenge as a judge rules it is not a monopoly, keeping Instagram and WhatsApp intact. But here is how TikTok helped.

The Guardian - AU

Facebook and Instagram to start kicking Australian teenagers off platforms as social media ban looms

Meta users under 16 will be sent email, SMS and in-app messages in anticipation of 10 December, when ban will begin

Fortune

Big 5 AI ‘hyperscalers’ are increasingly using debt to fund their operations, Bank of America says

All five companies generate more than enough cash to cover their operations, but the arrival of debt vehicles to fund AI has complicated the investment case for tech stocks.

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