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The Latest Breaking News from Meta

Mark Zuckerberg's metaverse adventure may finally be running out of cash

The Reality Labs division has reportedly been asked to axe 20% of its hardware spending.

Fortune

Musk’s full-throated backing of Trump is uncharted territory for a tech boss

X CEO’s support for Trump is a break from the role that major social media heads have played in US politics

The Guardian - US

1 Cheap Dividend King Working with Meta on AI Data Centers

Black Hills Corporation, a utility company with Dividend King status, has partnered with Meta to power a new data center in Wyoming, positioning itself for growth in the booming data center industry.

Barchart

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WhatsApp is testing a new look for status updates on Android and AI Studio

Spot a new status update interface in the works for WhatsApp's Android version, as well as additional third-party AI chatbots.

Android Central

The Meta Quest Netflix app is dead. Here's why it doesn't matter

The Netflix app for the Meta Quest has officially been deprecated, but there's already a much better way to watch Netflix content on a Quest.

Android Central

AI is overpowering efforts to catch child predators, experts warn

Safety groups say images are so lifelike that it can be hard to see if real children were subject to harms in production

The Guardian - US

Meta Reportedly Exploring Stake In Ray-Ban Maker Amid Smart-Glasses Push

Facebook parent company Meta is reportedly in talks for a small stake with Ray-Ban owner EssilorLuxottica.

Investors Business Daily

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5 tips for spotting AI-generated deep fakes — don't get fooled

Artificial intelligence is helping scammers put out deep fake commercials that are harder to spot —but there are always telltale signs.

Tom’s Guide

Meta gets real about runaway VR costs, prepares for cuts (just as Apple joins the race)

Investor interest in AI is putting the pressure on Meta’s metaverse ambitions, just as it faces new competition from Apple.

iMore

Meta to take the fight to Apple Vision Pro with three new headsets and AR glasses, starting with Meta Quest 4

Meta reportedly has three new headsets in the works as well as a pair of AR glasses.

iMore

Meta pulls plug on release of advanced AI model in EU

‘Unpredictable’ privacy regulations prompt Facebook owner to scrap regional plans for multimodal Llama

The Guardian - UK

The Magnificent Seven Stocks Suffer Their Worst Market Cap Loss In Two Years

The Magnificent Seven stocks have lost $1.13 trillion in market valuation in the last five sessions. These two S&P 500 titans are notable losers.

Investors Business Daily

“It is vitally important that we not allow the gatekeepers, Apple and Google, to block progress on the Metaverse” — Epic Games CEO Tim Sweeney reveals App Store lawsuit was about more than just Fortnite

In a recent interview, Epic Games’ CEO Tim Sweeney said that one of the reasons behind its lawsuit with Apple and Google is to prepare for the future of the metaverse.

iMore

'ChatGPT moment for biology': Ex-Meta scientists develop AI model that creates proteins 'not found in nature'

The ESM3 model can 'write' new proteins from scratch, opening up new possibilities for synthetic biology.

LiveScience

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Fortune

Former American Express CEO says business leaders are too scared to tell Trump what they really think of him: ‘They greatly fear there will be retribution’

After vowing to hit back at his political adversaries, CEOs worry they could be next if they anger Donald Trump.

Investors Business Daily

Dow Jones Futures: Taiwan Semi Lifts Chip Stocks After Nasdaq's Worst Loss Since 2022

Taiwan Semi beat and guided up giving Nvidia and other chip stocks a little lift after the Nasdaq's worst day since 2022.

Investors Business Daily

Meta Stock Plunges, Giving These Gloomy Signals

Meta stock continued to sell off Wednesday and its chart is giving ominous signals.

iMore

Meta Quest 3 is now just $429.99 — 99-cents short of its lowest ever price (and probably the best Prime Day deal gamers will find)

There’s never been a better time to get into VR.

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news in one place.

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International Business Times UK

Donald Trump Still Mum On 'X' Despite Generous Support From Elon Musk - Here's Why

Musk supports Trump's re-election with donations, but the former President remains silent and inactive on popular social media platform

International Business Times

EU Court Rejects TikTok Challenge Against New EU Digital Rules

TikTok lost an appeal Wednesday to escape new digital rules that seek to rein in the power of big tech after an EU court rejected its challenge.

The Street

Analyst resets outlook for 3 huge tech stocks

The analysts say earnings estimates for the trio of Magnificent 7 stocks underestimate new AI-system costs.

TechRadar

Xreal's Beam Pro is a new cheap spatial computer doesn't quite stick the landing

The Xreal Beam Pro delivers a solid portable TV experience, but it's not yet the spatial computer we need it to be.

Tom’s Guide

Meta to drop Llama 3 400b next week — here’s why you should care

Meta is expected to launch the largest model in the Llama 3 family next week, taking on Gemini and GPT-4.

Evening Standard

Trump Rally Shooting: Apple, Microsoft and Meta CEOs react: Tech & Science Daily podcast

Listen here on your chosen podcast platform.

Investors Business Daily

Prime Day Is Just One Reason To Watch Amazon Stock Right Now. Here Are 3 More.

While shoppers watch for Prime Day bargains, investors have multiple reasons to watch Amazon stock right now.

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People

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