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The Latest Breaking News from Meta

Meta's Creepy Model Capability Program Unmasked as Security Glitch Exposes 1000s of Workers' Private Messages

Meta's employee monitoring program exposed sensitive data, sparking internal backlash and raising privacy concerns. The tech giant has suspended the program while investigating the security breach.

International Business Times UK

Meta makes a $900 million super-app move in India

Cred founder Kunal Shah, a philosophy graduate, built his platform on exclusivity for high credit scorers, now processing over 40% of India's credit card bills. While Meta's interest raises data control questions, Shah faces the challenge of creating a fair commercial portal. His next task is to expand Cred beyond…

The Economic Times

'TCS or Infosys might not even shortlist Kunal Shah for a fresher job': Founder highlights flaws in corporate hiring practices

Kunal Shah, the visionary behind CRED and FreeCharge, has been appointed global head of WhatsApp at Meta. His remarkable ascent, despite lacking traditional elite degrees, highlights a significant gap in Indian hiring practices. Startup founder Riya Upreti points out that many companies prioritize academic credentials over demonstrable skills, potentially overlooking…

The Economic Times

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Meta’s Chris Cox sought Kunal Shah’s WhatsApp advice - then made him leader

Meta Chief Product Officer Chris Cox reached out to Shah directly in the spring, seeking advice on picking the future leader of WhatsApp. Cox had been calling entrepreneurs and investors in places like India, Brazil and Mexico, countries where WhatsApp is a dominant part of business and culture, and Shah’s…

The Economic Times

US presses Meta to agree to AI reviews as security concerns rise: report

The Facebook parent, which launched the Muse Spark AI model in April, is the only major U.S. developer of AI technology that has not reached an agreement to voluntarily share its models with the federal government for review, according to the report.

The Economic Times

Google's YouTube settles case over social media harm to children

The terms of the settlement of the state court lawsuit were confidential, the lawyers said on Tuesday. The suit named four defendants - YouTube, Meta's Instagram, Snap Inc's Snapchat and ByteDance's TikTok - and the remaining three companies are still set to face trial in July.

The Economic Times

Mark Zuckerberg directed Meta to create a prediction markets app

NEW YORK — Polymarket and Kalshi, prediction markets on which users can bet on outcomes as varied as the Super Bowl and the length of the State of the Union address, have been some of the fastest growing destinations on the internet.

Bangkok Post

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Why Meta tapped Kunal Shah; Beauty’s new factory boom

Happy Wednesday! Meta just handed WhatsApp’s steering wheel to Cred’s Kunal Shah, betting he can turn India’s favourite chat app into a payments and AI powerhouse. This and more in today’s ETtech Morning Dispatch.

The Economic Times

Zuckerberg bets on Kunal Shah for WhatsApp’s aggressive financial services, AI push

Meta's WhatsApp is set for a major financial services and AI push with Kunal Shah at the helm. This move aims to leverage AI agents and the Meta AI chatbot to drive growth, particularly in India, a key market with over half a billion users. Shah's appointment signals India's growing…

The Economic Times

Stocks Fall Again, Dragged By Chipmakers; Defensive Stocks Climb

Stocks again dropped on Tuesday, dragged by chip-related shares.

International Business Times

Why Micron May Be the Most Undervalued Winner of the AI Boom

Micron's AI-driven surge has pushed its valuation to $1.36 trillion, with Meta and Tesla now within reach. With memory emerging as AI's biggest bottleneck, a $2 trillion valuation is becoming increasingly plausible.

Barchart

META Stock Alert: What to Know as Meta Platforms Doubles Down on Wearables With $299 Glasses

Meta stock inches up as the company unveils a more affordable $299 smart glasses. But does that warrant buying META shares today?

Barchart

Magnificent 7 Selloff Is a Buying Opportunity as AI Spending Boom Continues, Strategist Says

The Magnificent 7, which consists of Apple, Microsoft, Nvidia, Amazon, Meta, Alphabet and Tesla, remains the dominant force in U.S. equities. A strategist said the recent selloff is a new opportunity to buy them.

International Business Times

Meta's WhatsUpside Down hire: How Kunal Shah broke the Valley playbook

Silicon Valley's AI talent war saw tech giants acquire engineers. However, Meta's Mark Zuckerberg broke the mold by investing $900 million in Indian fintech startup Cred and bringing its founder, Kunal Shah, into WhatsApp's C-suite. Shah, a non-engineer with deep consumer insights, is tasked with boosting WhatsApp's payments and commerce,…

The Economic Times

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The Economic Times

Mark Zuckerberg directed Meta to create a prediction markets app: NYT

Meta is reportedly developing a new app, codenamed 'Arena,' designed to function like prediction markets such as Polymarket and Kalshi. Initially, it will likely use a points system, with the possibility of real-money wagering later. This move taps into the growing popularity of prediction markets, which have seen significant interest…

The Economic Times

WhatsApp's future may not be invented in US but in India, one transaction at a time

Meta’s $900 million investment in Cred and the reported appointment of founder Kunal Shah to a global role at WhatsApp marks a significant shift in how the messaging platform may evolve.

The Economic Times

Why Meta’s Cred investment matters for WhatsApp Pay in India

Meta's substantial investment in Cred and appointing its founder Kunal Shah as global head of WhatsApp signals a major push into India's fintech landscape. For Meta, with Shah at the helm, there is a chance that WhatsApp's position in India, its largest market, will go beyond messaging into payments, commerce,…

Meta goes it alone with cheaper Meta Glasses – and Kylie Jenner is down with that

Meta has announced its first smart glasses without third-party branding – and they're cheaper too

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news in one place.

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Fortune

Anthropic engineering head says Claude Code made employees’ work a ‘lonely experience’—and it could hint at Big Tech’s bigger morale problem

Tech workers are some of AI’s biggest users and supporters, but the people using the tech the most may also be experiencing the most anxiety about it.

The Independent UK

Meta pauses controversial staff surveillance program after massive data leak

A tool that tracked workers’ mouse movements and keystrokes was intended to train the Facebook owner’s AI systems

Bangkok Post

Meta launches budget line of AI smart glasses

Meta Platforms and EssilorLuxottica on Tuesday announced a new range of lower-cost AI smart glasses, building ‌on the success of their Ray-Ban wearable devices.

TechRadar

Meta investigates security concerns of internal mouse-tracking tech used to track employees and train AI

An employee-tracking program will be paused, but no one knows for how long.

The Economic Times

Inside Meta's India investments: First Reliance, now Cred

This was among the tech giant's biggest investments in the Indian startup ecosystem, which also shot Shah into the elite club of global tech leaders. Zooming out, here’s a look at Meta’s other investments in India, one of its biggest and most lucrative markets.

The Independent UK

Meta launches its own, cheaper version of its smart glasses

Release comes ahead of rumoured plans by competitors including Apple

The Economic Times

Meta announces new range of smart glasses starting at $299

Meta Platforms on ‌Tuesday ⁠announced ⁠a new range of AI ⁠smart ‌glasses in partnership ⁠with EssilorLuxottica, starting at $299. Although built in collaboration with Luxottica, the new range of glasses are the first to not be associated with any of the eyewear firm's popular ⁠brands such ‌as Ray-Ban or Oakley.

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