Meta | ForkLog

ForkLog 11 13.01.2025

Meta’s board urged to create a bitcoin reserve

Meta’s board has been urged to allocate part of its $72bn in liquid assets to bitcoin as a hedge against dollar debasement. A #Bitcoin Treasury Shareholder Proposal has been submitted to Meta. The shareholder, Ethan Peck, who is an employee at The National Center for Public Policy Research — the organization that submitted to $MSFT […]

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ForkLog 19 16.12.2024

Meta Opposes OpenAI’s Shift to Commercial Entity

Following Elon Musk’s lead, Meta has urged California’s Attorney General Rob Bonta to block OpenAI’s transformation into a commercial entity. This was reported by The Wall Street Journal, citing a letter. Mark Zuckerberg’s firm argues that allowing the ChatGPT developer to restructure as a business entity would set a precedent enabling startups to exploit the […]

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ForkLog 33 06.11.2024

US Military Gains Access to Meta’s AI

Meta has opened its AI technologies to US government agencies and defense contractors, as well as allies. The large language models Llama are now available to over ten American agencies, including Lockheed Martin Corp., Booz Allen Hamilton Holding Corp., and Palantir Technologies Inc. The company’s policy prohibits the use of AI in any projects related […]

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ForkLog 11 29.10.2024

Meta’s Ambitious AI Search Engine Development Unveiled

Meta is developing an AI-based search engine designed to scan the internet and provide conversational responses about current events, according to The Information, citing sources. The corporation aims to reduce its reliance on Google Search and Microsoft’s Bing, which currently supply news, sports, and stock information to Meta AI chatbot users. A dedicated team of […]

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ForkLog 32 21.10.2024

Meta Unveils Self-Learning AI Model

Meta has launched new AI models, including a “self-taught evaluator,” marking a step towards reducing human involvement in the development of neural networks, according to Reuters. The artificial intelligence is based on a tool that relies on “chain of thought” technology. Previously, the startup OpenAI introduced a large language model, o1, trained using reinforcement learning […]

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ForkLog 16 09.10.2024

Meta to Introduce AI Tools for Video Advertising Creation

Meta Corporation will introduce AI tools in its social networks to create creative advertising. These tools will assist in generating and editing video content. The new features, set to become widely available next year, will allow advertisers to use neural networks to transform static images into video advertisements. Meta’s AI tools are regularly used for […]

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ForkLog 73 07.10.2024

Meta Unveils AI Video Generator Movie Gen

Meta Corporation has introduced Movie Gen, an AI generator designed for creating new videos, editing existing ones, and adding sound to them. Examples of works created with Movie Gen. Source: Meta blog. The tool allows users to generate personalized videos featuring real people using a photograph. Video created with Movie Gen based on a photograph. […]

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ForkLog 55 27.09.2024

Meta Unveils New AI Assistant, Llama 3.2 Models, and More

Meta introduced a series of AI innovations at the annual Meta Connect 2024 event. These include new versions of the large language model Llama 3.2, the Meta AI voice assistant, updates to Ray-Ban smart glasses, and other developments. The Llama family of large language models has been updated to version 3.2. The neural networks have […]

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ForkLog 105 01.08.2024

Meta’s Metaverse Losses Surpass $50 Billion

In its second-quarter report, Meta disclosed a $4.48 billion loss for its metaverse division, Reality Labs. The cumulative losses of the division since the end of 2020 are estimated to exceed $50 billion, including: 2020 — over $6 billion; 2021 — $10 billion; 2022 — $13 billion; 2023 — $16 billion. “A few years ago, […]

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ForkLog 72 30.07.2024

Zuckerberg Envisions AI Glasses for Hundreds of Millions

Meta co-founder Mark Zuckerberg envisions a future where everyone wears devices equipped with artificial intelligence. He shared this perspective during a conversation with Nvidia CEO Jensen Huang at the SIGGRAPH conference, reports Business Insider. The entrepreneur noted the growing popularity of smart glasses. “I think eventually you’ll have a whole range of glasses with different […]

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ForkLog 48 24.07.2024

Meta Unveils Llama 3.1 AI Model Collection

Meta has introduced a new collection of AI systems, Llama 3.1, including the much-anticipated 405B, described as the “first open-source state-of-the-art model.” The Meta AI assistant has also been updated. Starting today, open source is leading the way. Introducing Llama 3.1: Our most capable models yet. Today we’re releasing a collection of new Llama 3.1 […]

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ForkLog 23 21.07.2024

Meta to Slash Metaverse Division Budget by 20%

Meta will reduce funding for its Reality Labs division, responsible for developing the corporation’s metaverse hardware and software, by 20%. This was reported by The Information. According to the publication’s sources, the division’s budget will be cut between 2024 and 2026, with most reductions occurring in the coming months. This does not signal an end […]

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