Meta Platforms had a successful Q2, reporting double-digit growth for the first time since Q4 2021. The performance was attributed to a rebound in the digital advertising sector. The good news comes with a warning, as the company says it plans to increase spending on virtual reality and artificial intelligence next year. The parent of Facebook and Instagram reported revenue of just under $32 billion for the period ending June 30, an 11 percent gain over 2022. Advertising contributed a whopping $31.5 billion, growing nearly 12 percent year-over-year. Continue reading Meta Sees Double-Digit Growth for the First Time Since 2021

Advancing President Biden’s push for responsible development of artificial intelligence, top AI firms including Anthropic, Google, Microsoft and OpenAI have launched the Frontier Model Forum, an industry forum that will work collaboratively with outside researchers and policymakers to implement best practices. The new group will focus on AI safety, research into its risks, and disseminating information to the public, governments and civil society. Other companies involved in building bleeding-edge AI models will also be invited to join and participate in technical evaluations and benchmarks. Continue reading Major Tech Players Launch Frontier Model Forum for Safe AI

Facebook has updated its video features in a bid to be more competitive with popular social video platforms TikTok and YouTube. Improvements from editing to discovery and the ability to upload videos in HDR roll out this week along with some new branding: the “Watch” tab has been renamed “Video,” unifying the streaming experience in one location. Editing tools for Reels are porting over to the main Feed channel, which means users can post and view short- and long-form video content as well as live videos in one place. The company is also making it easier to engage with recommended Instagram Reels directly on Facebook. Continue reading Facebook Updates Video Features and Renames Watch Tab

President Biden has secured voluntary commitments from seven leading AI companies who say they will support the executive branch goal of advancing safe, secure and transparent development of artificial intelligence. Executives from Amazon, Anthropic, Google, Inflection, Meta, Microsoft and OpenAI convened at the White House on Friday to support the accord, which some criticized as a half measure, claiming the companies have already embraced independent security testing and a commitment to collaborating with each other and the government. Biden stressed the need to deploy AI altruistically, “to help address society’s greatest challenges.” Continue reading Top Tech Firms Support Government’s Planned AI Safeguards

Google has been demonstrating a new AI tool that writes news articles. Currently known as Genesis, which is a working title, the app is reportedly able to take topical information as pertains to things like new products or current events and weave it into something approximating a logically developed news story. The Alphabet company’s new product has been quietly pitched to organizations including The Washington Post, The New York Times and News Corp, owner of The Wall Street Journal and The New York Post. One observer described the new tech as a copilot for journalists, rather than a replacement. Continue reading Genesis: Google Demos New Generative AI Newswriting Tool

Cerebras Systems has unveiled the Condor Galaxy 1, powered by nine networked supercomputers designed for a total of 4 exaflops of AI compute via 54 million cores. Cerebras says the CG-1 greatly accelerates AI model training, completing its first run on a large language AI trained for Abu Dhabi-based G42 in only 10 days. Cerebras and G42 have partnered to offer the Santa Clara, California-based CG-1 as a cloud service, positioning it as an alternative to Nvidia’s DGX GH200 cloud supercomputer. The companies plan to release CG-2 and CG-3 in early 2024. Continue reading Cerebras, G42 Partner on a Supercomputer for Generative AI

San Francisco-based startup Fable has raised the curtain on its research involving “AI Showrunner” technology, an app it’s calling SHOW-1. As part of an ongoing project dubbed “The Simulation,” Fable is proffering demonstration footage of how SHOW-1 can generate episodes of the animated television show “South Park,” inserting anyone as the star. Fable claims its Showrunner system generates more than just scripts and dialogue, but can animate, add vocal performances and edit full episodes based on something as basic as a two-sentence prompt. Continue reading Fable’s AI Showrunner App Generates Complete TV Episodes

This week, Meta Platforms released Llama 2, the next generation of its open-source large language model that is free for research and commercial use. Llama 2’s pretrained and fine-tuned language models are available in sizes ranging from 7 to 70 billion parameters. Meta also named Microsoft Azure its “preferred partner for Llama 2,” offering it through the Azure AI model catalog for use with cloud-native tools that leverage content filtering and safety features. Meta says Llama 2 is “also optimized to run locally on Windows,” providing developers a seamless workflow across enterprise and consumer platforms. Continue reading Meta Unveils Llama 2 LLM with Microsoft as Preferred Partner

Threads released an iOS update this week that automates the ability to translate posts into foreign languages. The Instagram spinoff also added a follows tab to the activities feed, where replies and mentions are displayed. Also new to iOS is the ability to access a list of any user’s Instagram followers, to subscribe to “unfollowed” users, and tappable repost labels. While Threads has prompted shock and awe by hitting 100 million downloads within five days of its July 5 launch, and is now at about 150 million, there are reports of dips in user activity. Meanwhile, the new platform has followed Twitter in introducing tighter rate limits. Continue reading Meta’s Threads Adds Updates, Aims to Suppress Bot Attacks

Having passed the California Assembly June 1 with bipartisan support and moved on to the Senate, the California Journalism Preservation Act (CJPA) has been kicked over to the next term, becoming a two-year bill. Instead of a scheduled hearing this week, AB 886 will go on calendar for 2024 while fine-tuning continues. The bill is reminiscent of laws passed in Canada and Australia that require companies including Meta and Google to pay publishers for news content. Assemblymember Buffy Wicks (D-Oakland) says legislators are leveraging the session spillover and will not lose ground as they navigate to passage. Continue reading California Moves Big Tech News Bill to 2024, But Holds Firm

The European Union has agreed to a data sharing agreement with the United States, bringing to a close a years-long negotiation that saw U.S. national security concerns bump up against European privacy rights. The new EU-U.S. Data Privacy Framework — which replaces a previous iteration, the Privacy Shield, invalidated by EU courts in 2020 — was a focus of Big Tech. Under the new agreement, Europeans can lodge formal objections when they feel their personal information has been improperly accessed by American intelligence agencies, with an independent judicial review body, the Data Protection Review Court, established to evaluate such claims. Continue reading U.S. and EU Formally Adopt Long-Awaited Data Sharing Deal

Meta Platforms’ Instagram spin-off Threads has racked up more than 100 million users in just five days, making the Twitter challenger the fastest growing app in history, beating ChatGPT’s recent record of 100 million users in two months. Threads was launched in 100 countries on July 5, and surpassed 100 million sign-ups on Monday. On Friday, Meta CEO Mark Zuckerberg wrote from his @zuck account on Threads that the app had already crossed the 70 million mark, performing “way beyond our expectations.” Ramping up the rivalry between Zuckerberg and Elon Musk, Twitter has threatened legal action against Meta due to similarities in the two microblogs. Continue reading Threads Breaks App Record with 100 Million Users in 5 Days

This week, Twitter released TweetDeck 2.0 and announced that as of August it will be available only to those who pay for a Twitter Blue subscription. Since competing products like Hootsuite and Buffer also charge for use, TweetDeck may entice those customers who find it a valuable tool to Twitter’s premium tier. Twitter owner Elon Musk has been paywalling various functions as he seeks to generate revenue to help meet hefty interest payments, estimated at $300 million every three months, from his highly publicized October 2022 acquisition. The third payment is due late this month. Continue reading New TweetDeck Will Be Exclusive to Twitter Blue Subscribers

A Twitter challenger called Spill, designed by two former employees, started trending this past weekend as Elon Musk announced that Twitter is putting limits on the number of posts users can read. Spill climbed in Apple’s App Store rankings over the holiday weekend, rising to the No. 3 most downloaded app and emerging as the store’s most-downloaded social media app. Spill users call themselves “Spillionaires,” a moniker the company has embraced. On Saturday, Musk said Twitter will limit post views for non-paying users, sending Spill downloads soaring. Continue reading Twitter Challenger Spill Spikes as Musk Imposes Read Limits

Google has told the Canadian government it will remove links to that country’s news sources from its products when a new law goes into effect requiring it to bargain with indigenous publishers for the right to display links. Canada’s Online News Act (Bill C-18), passed June 22, is expected to take effect in six months. Google called the measure a “link tax” and said it requires the company to pay for “something that everyone else does for free.” Meta Platforms, which is also affected by the new law, said last week it plans to remove Canadian news links from its apps and services. Continue reading Canada Law Prompts Google and Meta to Block News Links