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The Latest Breaking News from Meta

'Watching Really Smart People': Zuckerberg Pauses Meta Spyware After Shocking Leaks of Private Staff Chats

Meta has paused its AI-training programme following employee backlash and privacy concerns over data collection, highlighting tensions between AI development and workplace trust.

International Business Times UK

Meta Wants AI on Your Face at a Much Lower Price

Meta's new $299 AI glasses promise powerful real-world analysis, but growing privacy concerns could complicate the company's push to make wearable AI mainstream.

International Business Times UK

Meta, Microsoft lead $850 billion boom in data center leases

Tech giants Meta and Microsoft are pouring billions into future data center leases, pushing industry-wide commitments past $850 billion. Meta alone pledged an additional $79 billion, signaling massive AI infrastructure investment. Microsoft also added over $41 billion, despite capacity constraints. This surge highlights sustained, long-term spending on crucial tech infrastructure…

The Economic Times

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Meta Reportedly Pauses Program Tracking Employees' Computer Movements Over Security Concerns

Meta ended a program tracking employees' computer movements to train AI models over security concerns, according to a new report.

International Business Times

YouTube Settles Explosive Lawsuit Accusing Platform of Fueling Teen Mental Health Crisis

YouTube has settled a lawsuit with a teenager claiming social media addiction harmed his mental health, as trials against Instagram, Snapchat, and TikTok proceed in California.

International Business Times UK

Zuckerberg wants Meta to launch its own prediction market, report says

Prediction platforms Polymarket and Kalshi have made record profits this year, and now Mark Zuckerberg has reportedly directed tech giant Meta to build their own.

Euronews

Meta pauses employee tracker for AI training amid privacy concerns

About 1,600 workers signed petition against tool that tracked staff keystrokes, mouse clicks and computer screen content

The Guardian - UK

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Kunal Shah net worth and his inCREDible journey to Meta's WhatsApp

Kunal Shah, the visionary behind CRED and FreeCharge, is now the Global Head of WhatsApp. This significant appointment, coupled with Meta's substantial investment in CRED, underscores Shah's remarkable entrepreneurial journey. From his early ventures to building a fintech unicorn, Shah's influence in the startup world continues to grow, now extending…

The Economic Times

Meta announces new Kylie Jenner-designed smart glasses

Kylie Jenner’s Meta glasses come in different frame and lens colours

The Independent UK

Meta's Creepy Model Capability Program Unmasked as Security Glitch Exposes 1000s of Workers' Private Messages

Meta's employee monitoring program exposed sensitive data, sparking internal backlash and raising privacy concerns. The tech giant has suspended the program while investigating the security breach.

International Business Times UK

Meta makes a $900 million super-app move in India

Cred founder Kunal Shah, a philosophy graduate, built his platform on exclusivity for high credit scorers, now processing over 40% of India's credit card bills. While Meta's interest raises data control questions, Shah faces the challenge of creating a fair commercial portal. His next task is to expand Cred beyond…

The Economic Times

'Kunal Shah won't even get a fresher job at TCS or Infosys': Founder highlights flaws in corporate hiring practices

Kunal Shah, the visionary behind CRED and FreeCharge, has been appointed global head of WhatsApp at Meta. His remarkable ascent, despite lacking traditional elite degrees, highlights a significant gap in Indian hiring practices. Startup founder Riya Upreti points out that many companies prioritize academic credentials over demonstrable skills, potentially overlooking…

The Economic Times

Meta’s Chris Cox sought Kunal Shah’s WhatsApp advice - then made him leader

Meta Chief Product Officer Chris Cox reached out to Shah directly in the spring, seeking advice on picking the future leader of WhatsApp. Cox had been calling entrepreneurs and investors in places like India, Brazil and Mexico, countries where WhatsApp is a dominant part of business and culture, and Shah’s…

The Economic Times

US presses Meta to agree to AI reviews as security concerns rise: report

The Facebook parent, which launched the Muse Spark AI model in April, is the only major U.S. developer of AI technology that has not reached an agreement to voluntarily share its models with the federal government for review, according to the report.

The Economic Times

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The Economic Times

Google's YouTube settles case over social media harm to children

The terms of the settlement of the state court lawsuit were confidential, the lawyers said on Tuesday. The suit named four defendants - YouTube, Meta's Instagram, Snap Inc's Snapchat and ByteDance's TikTok - and the remaining three companies are still set to face trial in July.

Bangkok Post

Mark Zuckerberg directed Meta to create a prediction markets app

NEW YORK — Polymarket and Kalshi, prediction markets on which users can bet on outcomes as varied as the Super Bowl and the length of the State of the Union address, have been some of the fastest growing destinations on the internet.

The Economic Times

Why Meta tapped Kunal Shah; Beauty’s new factory boom

Happy Wednesday! Meta just handed WhatsApp’s steering wheel to Cred’s Kunal Shah, betting he can turn India’s favourite chat app into a payments and AI powerhouse. This and more in today’s ETtech Morning Dispatch.

The Economic Times

Zuckerberg bets on Kunal Shah for WhatsApp’s aggressive financial services, AI push

Meta's WhatsApp is set for a major financial services and AI push with Kunal Shah at the helm. This move aims to leverage AI agents and the Meta AI chatbot to drive growth, particularly in India, a key market with over half a billion users. Shah's appointment signals India's growing…

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International Business Times

Stocks Fall Again, Dragged By Chipmakers; Defensive Stocks Climb

Stocks again dropped on Tuesday, dragged by chip-related shares.

Barchart

Why Micron May Be the Most Undervalued Winner of the AI Boom

Micron's AI-driven surge has pushed its valuation to $1.36 trillion, with Meta and Tesla now within reach. With memory emerging as AI's biggest bottleneck, a $2 trillion valuation is becoming increasingly plausible.

Barchart

META Stock Alert: What to Know as Meta Platforms Doubles Down on Wearables With $299 Glasses

Meta stock inches up as the company unveils a more affordable $299 smart glasses. But does that warrant buying META shares today?

International Business Times

Magnificent 7 Selloff Is a Buying Opportunity as AI Spending Boom Continues, Strategist Says

The Magnificent 7, which consists of Apple, Microsoft, Nvidia, Amazon, Meta, Alphabet and Tesla, remains the dominant force in U.S. equities. A strategist said the recent selloff is a new opportunity to buy them.

The Economic Times

Meta's WhatsUpside Down hire: How Kunal Shah broke the Valley playbook

Silicon Valley's AI talent war saw tech giants acquire engineers. However, Meta's Mark Zuckerberg broke the mold by investing $900 million in Indian fintech startup Cred and bringing its founder, Kunal Shah, into WhatsApp's C-suite. Shah, a non-engineer with deep consumer insights, is tasked with boosting WhatsApp's payments and commerce,…

The Economic Times

Mark Zuckerberg directed Meta to create a prediction markets app: NYT

Meta is reportedly developing a new app, codenamed 'Arena,' designed to function like prediction markets such as Polymarket and Kalshi. Initially, it will likely use a points system, with the possibility of real-money wagering later. This move taps into the growing popularity of prediction markets, which have seen significant interest…

The Economic Times

WhatsApp's future may not be invented in US but in India, one transaction at a time

Meta’s $900 million investment in Cred and the reported appointment of founder Kunal Shah to a global role at WhatsApp marks a significant shift in how the messaging platform may evolve.

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