Meta announces layoffs in Reality Labs division
Reality Labs posts a loss of $5 billion in the fourth quarter
Adobe integrates OpenAI and Google AI models into Firefly app
Firefly users would now be able to generate images using OpenAI’s GPT image generation, Google’s Imagen 3, Google Veo 2, and Flux 1.1 Pro
Musk’s X sues Minnesota over AI deepfake election law
The company argues the legislation infringes on free speech rights and is impermissibly vague
Meta launches global ad rollout on Threads to boost revenue
The company confirms that ad placements will initially launch in select markets, with a broader rollout planned in the coming months
Google and X may face EU fines as regulators continue crackdown on Big Tech
EU antitrust chief Teresa Ribera asserts that all companies operating in the EU must comply with European laws and respect European values
EU fines Apple and Meta a combined 700 million euros for violating DMA
The fines are relatively modest compared to previous penalties under the leadership of former EU antitrust chief Margrethe Vestager
Meta Oversight Board criticizes company’s policy overhaul on content moderation
The board operates independently and expressed concerns that the changes were implemented hastily without clear public information
Florida sues Snapchat owner Snap for violating children’s mental health law
The lawsuit says Snap misleads Florida parents by not removing users under 13 or requiring consent for ages 14 and 15
Tesla faces production delays for humanoid robots due to China’s export restrictions
Musk explains that China is seeking assurances that the rare earth magnets will not be used for military purposes
OpenAI expresses interest in buying Chrome if Google is forced to sell
We believe having multiple partners, and in particular Google's API, would enable us to provide a better product to users, says ChatGPT product head
OpenAI CEO Sam Altman steps down as chairman of nuclear startup Oklo
Oklo CEO and co-founder Jacob DeWitte will assume the role of chairman, the company confirms
Microsoft signs $544 million hyperscale data center deal with Dubai’s du
Currently, du operates five data centers in the UAE
Google rejects OpenAI’s request to access search API, ChatGPT exec tells antitrust trial
OpenAI initially reached out to Google in July, but the tech giant declined the request in August, citing competitive concerns
India’s CCI fines Google TV in market abuse case
In response, Google submits a settlement application proposing key changes to its business practices
Pakistan, China strengthen digital cooperation with focus on 5G, AI, and data centres
High-level discussions aim to boost regional integration and enhance digital infrastructure through CPEC