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Meta to create a new class of shares to fund AI push

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Meta says it’s issuing a new class of shares to fund its AI initiatives. As part of its third-quarter earnings report released on Wednesday, the company says the non-voting stock will also go toward potential acquisitions and employee compensation, with trading beginning in 2027. “The scale of investment required to compete, sustain growth, expand infrastructure, […]

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Meta says it would’ve made over $22 billion if it didn’t have to pay a child safety settlement

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Meta had to shell out $9.89 billion to pay for a chunk of the child safety settlement it reached with US attorneys general. That’s according to the company’s third-quarter earnings report released on Wednesday, which says Meta’s income from operations would have been $22.89 billion without the settlement. In August, Meta agreed to pay $17.1 […]

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Meta to pay $25B in New Mexico case over misleading Facebook users

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A New Mexico judge has ordered Meta to pay a $25B civil penalty for misleading Facebook users about privacy and hate speech, Bloomberg reported. A jury found more than 43 million violations of state law in September. The state wanted up to $40B, and Meta plans to appeal. A New Mexico judge has ordered Meta […]

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Meta ordered to pay $25 billion in penalties over the Cambridge Analytica scandal

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The Cambridge Analytica scandal has come back to haunt Meta after a New Mexico judge ordered it to pay $25 billion in penalties for more than 43 million violations of the state’s unfair practices law. The ruling marks the biggest legal hit Meta has taken this year, even as it’s faced several other losses or […]

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Supernatural’s comeback starts today, with more music and VR workouts coming soon

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Despite Meta saying it would stop creating new content for Supernatural, the beloved fitness VR game is back after spinning off to go its own way and is relaunching with an Early Access preview in the Meta Horizon Store. Thousands of “remastered” workouts and some new ones are available in the new app starting today, […]

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Meta details Prometheus, the Ohio supercluster heading for 1 million GPUs

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Meta’s Prometheus supercluster in New Albany, Ohio, already runs hundreds of thousands of Nvidia GPUs across several buildings, and Meta plans to grow it to about 1 million. The company set out the details in an engineering blog post on Monday. The first phase of the gigawatt-scale cluster is finished. Meta used it to train […]

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Meta’s policy chief Joel Kaplan will leave the company in 2027

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Joel Kaplan, Meta’s chief global affairs officer, will leave the company in 2027 after more than 15 years, Bloomberg reported. He will stay through the US midterm elections. No successor was named, but president Dina Powell McCormick and chief legal officer C.J. Mahoney are taking on more policy work. Joel Kaplan, Meta’s chief global affairs […]

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Meta pauses Muse sharing after researchers find AI chats on the web

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Meta says it paused a Muse feature that lets you share conversations with the AI assistant after researchers found the URLs publicly available on the web, as reported by Ars Technica. In a report published this week, researchers at the security firm Claroc say they found more than 6,800 Muse links through public DNS records. […]

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Meta’s Muse hits 10M U.S. downloads in 40 days, a milestone reached by only 11 other apps

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Meta’s AI companion Muse has surpassed 10 million U.S. downloads in its first 40 days, joining an exclusive group of apps that includes Threads. New data also shows Muse is retaining users at higher rates than its AI rivals.

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