Meta Platforms revenue was up 19 percent to $40.6 billion in Q3 compared to the same period one year earlier. Profit rose to $15.7 billion — a 35 percent increase from 2023. The company believes that its years of investments in adtech, artificial intelligence and the metaverse are starting to pay off. In Q3, Meta reported $23.2 billion in expenses and capital expenditures of $9.2 billion. And the company isn’t taking its foot off the accelerator, having increased its annual spending forecast by $1 billion to a minimum of $38 billion. Additionally, Meta’s advertising revenue for Q3 was just a tick under its high-end spend projection of $40 billion. Continue reading Meta’s Investments in Adtech, AI, the Metaverse Yield Results

Marking its first news deal in years, Meta Platforms entered into an agreement with Reuters to use its content to answer user questions posed to its Meta AI chatbot. The arrangement comes as Meta has been minimizing news content on its services in response to publisher demands for revenue sharing and regulatory criticism over misinformation. Terms of the partnership were not disclosed, nor were details provided as to whether Meta plans to use Reuters content for model training. Meta AI is available across its Facebook, Whatsapp, Instagram and Messenger services. Continue reading Meta, Reuters Sign Multi-Year AI Content Licensing Agreement

Meta has secured rights to the voices of actors Judi Dench, Kristen Bell, John Cena and others for its Meta AI chatbot, a ChatGPT-like digital assistant that is part of the plan for conversational AI as part of the multimodal Llama 3.2. Also revealed at Meta Connect this week was Orion, “the most advanced glasses the world has ever seen,” queued up to become Meta’s “first consumer full holographic AR glasses,” though they won’t be available anytime soon. A low-priced Quest 3 mixed reality headset, the $299 Quest 3S, will be arriving in time for the holidays, however. Continue reading Meta Reveals Orion Concept Glasses, Celeb Voices, Quest 3S

Barely a month after Ray-Ban Meta smart glasses received a major upgrade, adding Meta AI with Vision in beta in the U.S. and Canada and adding the ability to share what you’re looking at on WhatsApp and Messenger video calls, the company is back with another update. Voice command access to Amazon Music and the wellness app Calm, as well as hands-free posting to Instagram are new features, rolling out “gradually.” Simply say, “Hey Meta, play Amazon Music,” or “Share my last photo to Instagram’” to get results without touching your phone. Continue reading Ray-Ban Meta Now Hands-Free with Amazon, Calm, Instagram

Pursuant to his goal of “building the world’s leading AI,” Meta Platforms CEO Mark Zuckerberg announced Friday that Meta AI is upgrading to Llama 3 concurrent with a rollout of its open-source chatbot across the company’s social platforms, integrating it into the search boxes atop WhatsApp, Instagram, Facebook and Messenger. There is also a website, meta.ai, for those who prefer browser access. Reports of Meta upgrading its social AI capabilities began leaking out early last week, albeit on a more limited test scale than what Zuckerberg announced, which, excepting Threads, is cross-platform. Continue reading Meta AI Assistant Is Launching Across Platforms with Llama 3

Meta is testing a new large language chatbot, Meta AI, on social platforms in parts of India and Africa. The chatbot was introduced in late 2023, and began testing on U.S. WhatApp users in March. The test is expanding to include more territories and the addition of Instagram and Facebook Messenger. India is reported to be Meta’s largest social market, with more than 500 million Facebook and WhatsApp users, and has big implications as the company scales up its AI plans to compete against OpenAI and others. The Meta AI chatbot answers questions and generates photorealistic images. Continue reading Meta Tests Image-Generating Social Chatbot on Its Platforms

Messaging app Telegram has added business account features to create a custom start page, listings, maps, hours of operation, chatbot support and more. Anyone can turn their Telegram account into a Telegram Business account, and users don’t need coding skills. Public channels with 1,000 or more subscribers can receive 50 percent of the revenue from ads shown in their channels. Based in Dubai, Telegram says the channels of its global users generate over 1 trillion monthly views. In February it unveiled an ad program that adopted the TON blockchain’s Toncoin as its native currency. Continue reading Telegram Adds Business Features to Challenge Meta, Google

The European Commission has opened five investigations targeting Apple, Google, Meta and Amazon with regard to its new Digital Markets Act (DMA) antitrust rules. Under examination are steering practices with regard to Google and Apple and their app stores, potential “self-preferencing” tactics by Google and Amazon, Meta’s “pay or consent” policy for ad targeting, Apple’s compliance with “user choice” obligations, and also its recent App Store price adjustments for third parties. The vetting is expected to last for 12 months. The DMA was adopted in 2022 and goes into force this May. Continue reading EU’s Digital Markets Act Investigation Targets Big Tech Firms

Meta Platforms is moving Imagine with Meta from its test bed as a generative AI experience in chats to a standalone experience on the Web that allows users to create high-resolution images using natural language text prompts. That is one of more than 20 generative AI features Meta is deploying to create new business opportunities globally leveraging AI across search, ads, business messaging and more. While most will wind up on Facebook, Instagram, Messenger and WhatsApp, some say Meta’s popular Facebook and Instagram platforms have plateaued at 2 to 3 billion users per month, circumscribing ad growth. Continue reading Standalone Image Generator Is Among New AI Tools by Meta

Having made the leap from image generation to video generation over the course of a few months in 2022, Meta Platforms introduces Emu, its first visual foundational model, along with Emu Video and Emu Edit, positioned as milestones in the trek to AI moviemaking. Emu uses just two diffusion models to generate 512×512 four-second long videos at 16 frames per second, Meta said, comparing that to 2022’s Make-A-Video, which requires a “cascade” of five models. Internal research found Emu video generations were “strongly preferred” over the Make-A-Video model based on quality (96 percent) and prompt fidelity (85 percent). Continue reading Meta Touts Its Emu Foundational Model for Video and Editing

Threads, the Twitter competitor launched in July by Meta Platforms to record-breaking numbers, has added features that make it easier for users to separate their Threads feeds from Instagram and Facebook. Users can now delete their Threads accounts separate from Instagram, something that previously confounded users. Because those signing up for Threads were required to do so either from their existing or a new Instagram account, the two were entwined. Instagram/Threads CEO Adam Mosseri also announced that propagation of Threads posts to Instagram and Facebook can now be turned off, to keep discussions separate. Continue reading Threads Lets Users Delete Accounts Separate from Instagram

Key highlights from this week’s two-day Meta Connect virtual event include details about the Quest 3 mixed reality headset, the latest smart glasses from its Ray-Ban collaboration, and an announcement that AI stickers are rolling out across the Meta Platforms apps. Starting at $500, the Meta Quest 3 will add Microsoft 365 apps integration by the end of the year, for those who want to use the gaming headset for productivity. Available for preorder now, the Quest 3 ships October 10. The Ray-Ban Meta smart glasses start at $299 and ship October 17. Continue reading Meta Shows Off Quest 3 and Smart Glasses at Connect 2023

Meta Platforms is amping up its AI play, with plans to launch a suite of personality-driven chatbots as soon as next month. The company has been developing the series of artificially intelligent character bots with a goal of using them to boost engagement with its social media brands by making them available to have “humanlike discussions” on platforms including Facebook, Instagram and WhatsApp. Internally dubbed “personas,” the chatbots simulate characters ranging from historical figures like Abraham Lincoln to a surfer dude that dispenses travel advice. Continue reading Meta Plans Personality-Driven Chatbots to Boost Engagement

Following nine months of difficult repositioning that included layoffs and consolidation as Meta Platforms segued to its “year of efficiency,” CEO Mark Zuckerberg recently shared his plans for the company’s future with employees at an all-hands meeting. In a discussion that has been reported as an effort to help bolster staff morale during this challenging period, Zuckerberg explained his strategy regarding job cuts, offered insight on the tech giant’s approach to artificial intelligence, and took a swipe at Apple’s upcoming Vision Pro mixed reality headset while talking about his goals for VR and the metaverse. Continue reading Zuckerberg Shares Meta Strategy with Staff After Rocky Year

Meta Platforms is introducing updates to further protect teens on Facebook and Instagram. Starting this week, those under the age of 16 (or under 18 in certain countries) will be defaulted into more stringent private settings when they join Facebook. A similar default was put into effect on Instagram last year. Meta is also restricting “potentially suspicious adults.” For example, adults will be restricted from messaging teens they aren’t connected to and from seeing teens in their People You May Know recommendations. A “suspicious adult” is one that has recently been blocked or reported by a young person. Continue reading Facebook and Instagram Roll Out New Safety Tools for Teens