#Meta

#Meta

The world's largest social media companies have been accused of creating "addiction machines" as a landmark trial began in California examining the mental health effects of Instagram and YouTube. In his opening argument before Los Angeles Superior Court Judge Carolyn B. Kuhl and a jury, Mark Lanier argued that his client, plaintiff "K.G.M.," suffered from mental health issues as a result of her social media addiction.

Analysts use discounted cash flow models to value companies. These models rely heavily on future cash flows and a "terminal value" which is how much the business is worth beyond the forecast period. For big tech companies investing big money into AI, that terminal number can look great, because they stand to benefit from their investments in the technology longer term.

As I'm here in Africa, I'm deeply disappointed to hear that SpaceX's launch failure destroyed our satellite that would have provided connectivity to so many entrepreneurs and everyone else across the continent. Further replying to a user's query on the insurance of the satellite, the very irked Zuckerberg quipped, The problem isn't the money; it's that now it may take longer to connect people.

"We're starting to see projects that used to take big teams now be accomplished by a single, very talented person," he said. Already this year, Meta has laid off several hundred workers mainly in its Reality Labs division, a part of the company that focuses on its "metaverse" ambitions, hardware products and AI initiatives. Zuckerberg said Meta is investing more across the company in AI tools that help employees like software engineers complete more work.

When one of the founders of modern AI walks away from one of the world's most powerful tech companies to start something new, the industry should pay attention. Yann LeCun's departure from Meta after more than a decade shaping its AI research is not just another leadership change. It highlights a deep intellectual rift about the future of artificial intelligence: whether we should continue scaling large language models (LLMs) or pursue systems that understand the world, not merely echo it.

The OpenAI CEO sent employees a message on Slack criticizing Immigration and Customs Enforcement - and appears to have taken the opportunity to also take a subtle jab at his rival, Mark Zuckerberg. The reference can be found where Altman wrote that OpenAI aims to "not get blown around by changing fashions." "We didn't start talking about masculine corporate energy when that was popular," Altman told employees.

Meta is being sued by Solos, a rival smart glasses maker, for infringing on its patents, Bloomberg reports. Solos is seeking "multiple billions of dollars" in damages and an injunction that could prevent Meta from selling its Ray-Ban Meta smart glasses as part of the lawsuit. Solos claims that Meta's Ray-Ban Meta Wayfarer Gen 1 smart glasses violate multiple patents covering "core technologies in the field of smart eyewear."