Facebook parent Meta announced better-than-expected earnings for Q2 last week, surpassing Wall Street estimates for revenue and profit. The company plans to continue spending heavily on artificial intelligence and virtual reality, despite significant losses in its AR/VR and metaverse businesses. Meta reported a revenue increase of 22 percent from $32 billion for the same quarter last year, representing four straight quarters of growth exceeding 20 percent. The company noted that net income jumped 73 percent to $13.47 billion. Advertising revenue, largely from Facebook and Instagram, was up 22 percent year-over-year. Continue reading Meta Reports Q2 Digital Ad Growth, Will Continue AI Spending

After 50 years of SIGGRAPH, the conference has come full circle, from high-tech for PhDs to AI for everyone. That was Nvidia founder and CEO Jensen Huang’s message in back-to-back keynote sessions, including a Q&A with Meta CEO Mark Zuckerberg. Huang touted Universal Scene Description (OpenUSD), discussing developments aiming to speed adoption of the universal 3D data interchange framework for use in everything from robotics to the creation of “highly accurate virtual worlds for the next evolution of AI.” As Zuckerberg’s interlocutor, he prompted the Facebook founder to share a vision of AI’s personalization of social media. Continue reading Nvidia Debuts New Products to Accelerate Adoption of GenAI

Meta Platforms CEO Mark Zuckerberg unveiled the latest version of computer vision platform SAM 2, an update on the company’s Segment Anything Model that automates for video what the original SAM did for still images — identifying the edges of an object and isolating it in the frame. Zuckerberg demonstrated SAM 2 as part of a SIGGRAPH 2024 keynote session in which he was interviewed by Nvidia CEO Jensen Huang. “Being able to do this in video and have it be zero shot and tell it what you want, it’s pretty cool,” Zuckerberg said. Meta is sharing the code and model weights for SAM 2 with a permissive Apache 2.0 license. Continue reading Mark Zuckerberg Unveils SAM 2 AI Tech for Segmenting Video

The U.S. Commerce Department has issued a large package of material designed to help AI developers and those using the systems with an approach to identifying and mitigating risks stemming from generative AI and foundation models. Prepared by the National Institute of Standards and Technology and the AI Safety Institute, the guidance includes the initial public draft of its guidelines on “Managing Misuse Risk for Dual-Use Foundation Models.” Dual-use refers to models that can be used for good or ill. The release also includes an open-source software test called Dioptra. Apple is the latest to join the government’s voluntary commitments to responsible AI innovation. Continue reading Apple Joins the Safe AI Initiative as NIST Amps Up Outreach

Meta Platforms is bringing its Meta AI assistant to Quest 3 headsets in the U.S. and Canada. As part of the company’s ongoing collaboration with Microsoft, Quest 3’s Horizon OS will also get access to real-time information courtesy of Bing search. The update will also bring Meta AI with Vision — already integrated with the Ray-Ban Meta smart glasses — to Horizon OS, initially just in passthrough mode. “These changes will begin rolling out in the U.S. and Canada in experimental mode next month — and we’ll continue to improve the experience over time,” Meta explains. Continue reading Meta Brings AI Assistant, AI Vision to Some Quest Headsets

In April, Meta Platforms revealed that it was working on an open-source AI model that performed as well as proprietary models from top AI companies such as OpenAI and Anthropic. Now, Meta CEO Mark Zuckerberg says that model has arrived in the form of Llama 3.1 405B, “the first frontier-level open-source AI model.” The company is also releasing “new and improved” Llama 3.1 70B and 8B models. In addition to general cost and performance benefits, the fact that the Llama 3.1 405B model is open source “will make it the best choice for fine-tuning and distilling smaller models,” according to Meta. Continue reading Meta Calls New Llama the First Open-Source Frontier Model

U.S. tech companies are fighting back against what they feel are overly oppressive European Union regulations by withholding products from that market. Meta Platforms will not release its next Llama multimodal AI model there, along with future products. Apple last month said certain Apple Intelligence AI features will not be released in the EU. Previously, tech companies would accommodate regional laws by adapting global strategies so they could do business everywhere with the same products. Given the restrictions of the Digital Markets Act and other EU rules, Big Tech is signaling that may no longer be possible. Continue reading Tough EU Laws Prompt Meta, Apple to Withhold New Products

TikTok owner ByteDance lost its court battle challenging the European Union’s classification of it as a “gatekeeper” under the Digital Markets Act. The victory for EU antitrust regulators underscores its seriousness about reining in the power of Big Tech. As a gatekeeper, China’s ByteDance is lumped in with behemoths Google, Apple, Meta and Microsoft, among others. The DMA, which was passed in 2022 and came into effect this year, says gatekeepers must make certain aspects of their apps interoperable with rivals and forbids self-dealing, with stiff fines imposed for those found to fail. Continue reading ByteDance’s DMA Gatekeeper Appeal Dismissed by EU Court

Microsoft is working on a new productivity tool that helps artificial intelligence better understand spreadsheets. Still in the experimental phase, SpreadsheetLLM addresses challenges that are unique to applying AI to spreadsheets, “with their extensive two-dimensional grids, various layouts, and diverse formatting options,” the company explains. Hailed as a significant development in the enterprise space, where spreadsheets are used for everything from data entry to financial modeling and are shared among departments, Microsoft points out that as a research area spreadsheet-optimized AI has generally been overlooked in favor of flashier use-cases. Continue reading Microsoft Targets Enterprise Productivity with Spreadsheet AI

Meta Platforms has introduced an AI model it says can generate 3D images from text prompts in under one minute. The new model, called 3D Gen, is billed as a “state-of-the-art, fast pipeline” for turning text input into high-resolution 3D images quickly. The app also adds textures to AI output or existing images through text prompts, and “supports physically-based rendering (PBR), necessary for 3D asset relighting in real-world applications,” Meta explains, adding that in internal tests, 3D Gen outperforms industry baselines on “prompt fidelity and visual quality” and for speed. Continue reading Meta’s 3D Gen Bridges Gap from AI to Production Workflow

Meta’s popular instant messaging service WhatsApp is reportedly beta testing a feature that would allow the already integrated Meta AI chatbot to edit and reply to images. The capability was spotted in the WhatsApp beta for Android 2.24.14.20, with AI powered by Llama 3, the company’s newest large language model released in April. The beta version works via a camera button added to the text box for Meta AI chat in WhatsApp. When pressed, the button triggers a pop-up that indicates Meta AI can analyze and edit photos, though it’s currently unclear to what extent. Continue reading Meta AI Image Analysis and Editing Beta Tested for WhatsApp

Meta Platforms CEO Mark Zuckerberg recently announced that the company will test a feature to create AI characters through the AI Studio on Instagram that can engage with fans and respond to messages. “Rolling out an early test in the U.S. of our AI Studio so you might start seeing AIs from your favorite creators and interest-based AIs in the coming weeks on Instagram,” he wrote. “These will primarily show up in messaging for now, and will be clearly labeled as AI.” Zuckerberg noted the beta test will help the company improve AI characters and will be made “available to more people soon.” Meta launched AI Studio last year to help businesses build custom chatbots. Continue reading Meta Testing AI Chatbots for Instagram Created by Its Users

The European Commission is expanding its investigation of Apple based on preliminary findings of anticompetitive breach of the new Digital Markets Act (DMA). The Commission has found the App Store engages in “anti-steering” by preventing app purveyors from offering consumers “alternative channels for offers and content.” The Commission also opened a new investigation into App Store developer contracts, citing  the “core technology fee” implemented in January in what was perceived as a workaround to the new European Union rules, saying such policies “fall short of ensuring effective compliance with Apple’s obligations under the DMA.” Continue reading Apple in EU Crosshairs for Anticompetitive Action Under DMA

OpenAI has acquired Rockset, a database firm that provides real-time analytics, indexing and search capabilities. Rockset will help OpenAI enable its customers to better leverage their own data as they build and utilize intelligent applications. Rockset technology will be integrated into the retrieval infrastructure across OpenAI products, with members of Rockset’s San Mateo, California-based team joining the staff of OpenAI, which is headquartered in San Francisco. This is the second major purchase for OpenAI, following last year’s acquisition of New York-based AI design studio Global Illumination. Financial terms of the deal were not disclosed. Continue reading OpenAI to Expand Data Indexing, Analysis with Rockset Tech

Anthropic has launched a powerful new AI model, Claude 3.5 Sonnet, that can analyze text and images and generate text. That its release comes a mere three months after Anthropic debuted Claude 3 indicates just how quickly the field is developing. The Google-backed company says Claude 3.5 Sonnet has set “new industry benchmarks for graduate-level reasoning (GPQA), undergraduate-level knowledge (MMLU), and coding proficiency (HumanEval).” Sonnet is Anthropic’s mid-tier model, between Haiku and, on the high-end, Opus. Anthropic says 3.5 Sonnet is twice as fast as 3 Opus, offering “frontier intelligence at 2x the speed.” Continue reading Anthropic’s Claude 3.5: ‘Frontier Intelligence at 2x the Speed’