Latest news with #MARKZuckerberg
New Straits Times
17 hours ago
- Business
- New Straits Times
Zuckerberg squaring off against Meta investors
MARK Zuckerberg is expected to appear as a star witness in an unusual US$8 billion trial that kicks off this week at which the Meta chief executive officer is accused of operating Facebook as an illegal enterprise that allowed users' data to be harvested without their consent. > Shareholders of Meta Platforms, the parent company of Facebook, Instagram and WhatsApp, sued Zuckerberg and other current and former company leaders, saying they continually violated a 2012 agreement between Facebook and the Federal Trade Commission (FTC) to protect users' data. The case dates back to 2018, after it emerged that data from millions of Facebook users was accessed by Cambridge Analytica, a now-defunct political consulting firm that worked for Donald Trump's successful campaign for United States president in 2016. Shareholders want Zuckerberg and the other defendants to reimburse the company for more than US$8 billion in fines and other costs paid by Meta after the Cambridge Analytica scandal came to light, including a record US$5 billion fine imposed on Facebook by the FTC in 2019 for violating the 2012 agreement. Defendants in the case include former chief operating officer Sheryl Sandberg, venture capitalist and board member Marc Andreessen, as well as former board members Peter Thiel, the Palantir Technologies co-founder, and Reed Hastings, the co-founder of Netflix. Zuckerberg and the other defendants, who declined to comment, have dismissed the allegations in court filings as "extreme claims". Meta, which is not a defendant, also declined to comment. The non-jury trial in Wilmington, Delaware, is scheduled to last eight days. It will mostly focus on decade-old events and board meetings to determine how Facebook leaders implemented the 2012 agreement. While the trial will cover long-ago policies, it comes as privacy concerns continue to dog Meta, which is under scrutiny for its training of artificial intelligence (AI) models. The company says it has invested billions of dollars since 2019 in its programme to safeguard users' privacy. Jason Kint, the head of Digital Content Next, a trade group for content providers, said the case would fill in details about what the board knew — and when — regarding the data of users, who now total more than three billion daily across Meta's platforms. "There's an argument we can't avoid Facebook and Instagram in our lives," he said. "Can we trust Mark Zuckerberg?" Two years ago, the defendants sought to dismiss the case before trial, which the judge declined. "This is a case involving alleged wrongdoing on a truly colossal scale," said Travis Laster, the judge handling the case at the time. The trial in the Court of Chancery will be overseen by Kathaleen McCormick. Now the plaintiffs, individual investors and union pension funds, including California's State Teachers' Retirement System, must prove what is often described as the most difficult claim in corporate law — showing that directors utterly failed in their duty of oversight. Legal experts said it appeared to be the first trial on such a claim. Zuckerberg and Sandberg are alleged to have knowingly caused the company to violate the law. While Delaware law protects directors and officers for bad business decisions, it does not protect them from illegal ones, even if they are profitable. Defendants said in court filings that plaintiffs could not deliver the evidence. The shareholders in pre-trial court papers said they could prove that after the 2012 agreement, Facebook continued deceptive privacy practices, at the direction of Zuckerberg. The defendants said the evidence would show that the company built a team to oversee privacy and hired an outside compliance firm and that Facebook was a victim of Cambridge Analytica's "studied deceit". In addition to the central privacy claims, plaintiffs also allege that when Zuckerberg could see that the Cambridge Analytica scandal was about to break and send company stock lower, he was motivated to offload his stock and reaped at least US$1 billion in profit. Defendants said evidence would show he used a stock-trading plan that could protect against insider-trading allegations. They also said the motivation was to benefit his charitable pursuits.
Scottish Sun
29-04-2025
- Business
- Scottish Sun
Mark Zuckerberg launches Meta AI app as Facebook boss ignites artificial intelligence arms race with ChatGPT
All recommendations within this article are informed by expert editorial opinion. If you click on a link in this story we may earn affiliate revenue. The app's launch comes almost two years after Facebook first developed Meta AI AI'LL RACE YOU Mark Zuckerberg launches Meta AI app as Facebook boss ignites artificial intelligence arms race with ChatGPT Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) MARK Zuckerberg has launched a Meta AI app in a bid to rival ChatGPT - sparking the start of a fiery artificial intelligence arms race. The new AI assistant will include a Discover feed that shows how friends are interacting with the tool too. 3 Mark Zuckerberg has launched a Meta AI app in a bid to rival ChatGPT Credit: AFP 3 The Facebook boss hopes the Meta AI app will rival Sam Altman's ChatGPT Credit: Getty 3 The standalone app comes as Meta looks to boost the AI assistant's usage, apart from being available within the company's family of platforms - WhatsApp, Instagram, Facebook and Messenger. It also signals CEO Mark Zuckerberg's move to strengthen the company's position in the competitive AI landscape, taking on major rivals such as OpenAI and Google. Meta's separate app will provide more personalized responses based on context and other user-specific elements related to the user's Facebook and Instagram accounts. Llama 4, Meta's latest large language model, powers the Meta AI assistant and is designed to rival the latest AI models from OpenAI, Google, Deepseek and Anthropic, with improved reasoning, multilingual capabilities and efficiency. The new app will integrate with Meta's AI glasses and merge with the existing companion app, the company said. Meta is hosting its first-ever AI developer event, dubbed LlamaCon, today, which will centre around its Llama family of AI models. The Instagram owner is set to report its first-quarter results on Wednesday after markets close. Meta will start testing a paid subscription for the AI chatbot's advanced versions in the second quarter, Reuters had reported in February. However, the subscription service might not rake in meaningful revenue until next year at the earliest, a source had said. Meta AI, which was launched in September 2023, is a virtual assistant that uses large language models to perform reasoning tasks. Meta's top VR boss predicts AI-powered future with no phones, brain-controlled ovens and virtual TVs that only cost $1 In January the Facebook boss said he believes 2025 'is going to be the year when a highly intelligent and personalised AI assistant reaches more than 1 billion people, and I expect Meta AI to be that leading AI assistant'. As of that month, Meta AI had approximately 700 million monthly users, CNBC reports. This comes as Meta's AI bot has reportedly been caught having sexual chats with users including those identified as children. A shock investigation claims that Meta AI engaged in sexual role play conversations and sometimes used celebrity voices too. The controversial platform is available across WhatsApp, Facebook, Instagram and the Ray-Ban Meta Glasses to ask questions and have virtual chats. Deals were signed with huge names including Judi Dench and Kristen Bell to lend their voices for the service. But the Wall Street Journal uncovered multiple examples of romantic role-play that turns explicit, after posing as children by talking to the bot with accounts registered for minors. One such example used the voice of WWE wresting star and actor John Cena.
The Sun
29-04-2025
- Business
- The Sun
Mark Zuckerberg launches Meta AI app as Facebook boss ignites artificial intelligence arms race with ChatGPT
MARK Zuckerberg has launched a Meta AI app in a bid to rival ChatGPT - sparking the start of a fiery artificial intelligence arms race. The new AI assistant will include a Discover feed that shows how friends are interacting with the tool too. 3 3 3 The standalone app comes as Meta looks to boost the AI assistant's usage, apart from being available within the company's family of platforms - WhatsApp, Instagram, Facebook and Messenger. It also signals CEO Mark Zuckerberg 's move to strengthen the company's position in the competitive AI landscape, taking on major rivals such as OpenAI and Google. Meta's separate app will provide more personalized responses based on context and other user-specific elements related to the user's Facebook and Instagram accounts. Llama 4, Meta's latest large language model, powers the Meta AI assistant and is designed to rival the latest AI models from OpenAI, Google, Deepseek and Anthropic, with improved reasoning, multilingual capabilities and efficiency. The new app will integrate with Meta's AI glasses and merge with the existing companion app, the company said. Meta is hosting its first-ever AI developer event, dubbed LlamaCon, today, which will centre around its Llama family of AI models. The Instagram owner is set to report its first-quarter results on Wednesday after markets close. Meta will start testing a paid subscription for the AI chatbot's advanced versions in the second quarter, Reuters had reported in February. However, the subscription service might not rake in meaningful revenue until next year at the earliest, a source had said. Meta AI, which was launched in September 2023, is a virtual assistant that uses large language models to perform reasoning tasks. Meta's top VR boss predicts AI-powered future with no phones, brain-controlled ovens and virtual TVs that only cost $1 In January the Facebook boss said he believes 2025 'is going to be the year when a highly intelligent and personalised AI assistant reaches more than 1 billion people, and I expect Meta AI to be that leading AI assistant'. As of that month, Meta AI had approximately 700 million monthly users, CNBC reports. This comes as Meta's AI bot has reportedly been caught having sexual chats with users including those identified as children. A shock investigation claims that Meta AI engaged in sexual role play conversations and sometimes used celebrity voices too. The controversial platform is available across WhatsApp, Facebook, Instagram and the Ray-Ban Meta Glasses to ask questions and have virtual chats. Deals were signed with huge names including Judi Dench and Kristen Bell to lend their voices for the service. But the Wall Street Journal uncovered multiple examples of romantic role-play that turns explicit, after posing as children by talking to the bot with accounts registered for minors. One such example used the voice of WWE wresting star and actor John Cena.
The Irish Sun
29-04-2025
- Business
- The Irish Sun
Mark Zuckerberg launches Meta AI app as Facebook boss ignites artificial intelligence arms race with ChatGPT
MARK Zuckerberg has launched a Meta AI app in a bid to rival ChatGPT - sparking the start of a fiery artificial intelligence arms race. The new AI assistant will include a Discover feed that shows how friends are interacting with the tool too. Advertisement 3 Mark Zuckerberg has launched a Meta AI app in a bid to rival ChatGPT Credit: AFP 3 The Facebook boss hopes the Meta AI app will rival Sam Altman's ChatGPT Credit: Getty 3 The standalone app comes as Meta looks to boost the AI assistant's usage, apart from being available within the company's family of platforms - WhatsApp, Instagram, Facebook and Messenger. It also signals CEO Mark Zuckerberg's move to strengthen the company's position in the competitive AI landscape, taking on major rivals such as OpenAI and Google. Meta's separate app will provide more personalized responses based on context and other user-specific elements related to the user's Facebook and Instagram accounts. Llama 4, Meta's latest large language model, powers the Meta AI assistant and is designed to rival the latest AI models from OpenAI, Google, Deepseek and Anthropic, with improved reasoning, multilingual capabilities and efficiency. Advertisement Read more on Tech The new app will integrate with Meta is hosting its first-ever AI developer event, dubbed LlamaCon, today, which will centre around its Llama family of AI models. The Instagram owner is set to report its first-quarter results on Wednesday after markets close. Meta will start testing a paid subscription for the AI chatbot's advanced versions in the second quarter, Reuters had reported in February. Advertisement Most read in Tech However, the subscription service might not rake in meaningful revenue until next year at the earliest, a source had said. Meta AI, which was launched in September 2023, is a virtual assistant that uses large language models to perform reasoning tasks. Meta's top VR boss predicts AI-powered future with no phones, brain-controlled ovens and virtual TVs that only cost $1 In January the Facebook boss said he believes 2025 'is going to be the year when a highly intelligent and personalised AI assistant reaches more than 1 billion people, and I expect Meta AI to be that leading AI assistant'. As of that month, Meta AI had approximately 700 million monthly users, Advertisement This comes as Meta's AI bot has reportedly been caught having sexual chats with users including those identified as children. A shock investigation claims that Meta AI engaged in sexual role play conversations and sometimes used celebrity voices too. The controversial platform is available across WhatsApp, Facebook, Instagram and the Ray-Ban Meta Glasses to ask questions and have virtual chats. Deals were signed with huge names including Advertisement But the One such example used the voice of WWE wresting star and actor John Cena.
