Meta and Snap Face US Trial Over Social Media Addiction Claims
Two teenage plaintiffs will take Meta Platforms and Snap to trial in Los Angeles on Wednesday, October 28, in a significant legal test over allegations that social media platforms contribute to mental health problems...
Meta Plans $95 Billion Fundraising Drive to Fuel AI Expansion
Meta Platforms has announced plans to raise up to $95 billion through its largest-ever equity fundraising initiative as the Facebook parent accelerates investments in artificial intelligence infrastructure. The company has launched public offerings worth...
EssilorLuxottica Shares Surge 11% on Strong Third-Quarter Revenue
Shares of EssilorLuxottica, the Franco-Italian eyewear giant behind Ray-Ban, surged 11.4% on Wednesday after the company reported third-quarter revenue that exceeded market expectations. Revenue reached €7.49 billion, surpassing analysts’ estimates of €7.36 billion, as...
US, Meta and Google Join $1.8 Billion Push to Build AI Biology Datasets
The U.S. government, Meta Platforms and Google parent Alphabet are joining nonprofit Biohub in a $1.8 billion initiative to build open datasets for training artificial intelligence models for biological research. Meta, Google DeepMind and...
Meta Expands Muse AI Agent to Small Businesses
Meta Platforms is expanding its Muse artificial intelligence agent to small businesses, adding integrations with tools such as Shopify, QuickBooks, Stripe and Canva. The move is part of the Facebook parent’s broader effort to...
Meta to Unveil Camera-Free Smart Glasses Amid Rising Privacy Concerns
Meta Platforms is expected to unveil new smart glasses at its annual Connect conference on Wednesday, including camera-free models, as concerns grow over privacy and covert recording. The company, which partnered with EssilorLuxottica to...
Meta’s AI Agent Muse Sparks Wall Street Optimism Over New Revenue Stream
Wall Street is growing bullish on Meta Platforms as its newly launched AI agent, Muse, raises expectations of a potential new revenue stream and expanded AI monetization opportunities. Launched on September 8, Muse can...
Meta’s Alberta Data Centre Boosts Province’s Appeal to Global Tech Giants
Meta’s planned C$13 billion ($9 billion) data centre in Alberta is strengthening the Canadian province’s appeal to major technology companies, Capital Power CEO Avik Dey said. The investment signals confidence in Alberta’s artificial intelligence...
Smart Glasses Face Growing Scrutiny Over Privacy and Harassment Concerns
Paris prosecutors have opened a criminal investigation into suspected sexual harassment linked to the use of smart glasses to secretly record women in public and share the footage online. The probe comes as privacy...
Meta Settlement Leaves Core Business Intact
Meta Platforms has emerged from its biggest U.S. legal challenge with its core business largely intact after agreeing to pay up to $18 billion over a decade to settle claims brought by nearly all...