Tag: META
ASML to Cut Around 1,700 Jobs in AI‑Driven Reorganisation
ASML, the Dutch semiconductor‑equipment giant that holds a near‑monopoly on advanced lithography tools used to manufacture cutting‑edge chips, is planning to cut roughly 1,700 jobs, or about 4 per cent of its 44,000‑person workforce. The move was announced in January alongside the company’s record full‑year revenue of €32.7 billion and signals a major internal reorganisation aimed at streamlining operations even as demand for advanced...
MeitY Proposes Continuous Labelling for AI‑Generated Content
The Ministry of Electronics and Information Technology (MeitY) has proposed that all content generated with the help of artificial intelligence carry a continuous and clearly visible label alerting users that the material has been synthetically created. The draft amendment to the Information Technology Rules (Intermediary Guidelines and Digital Media Ethics Code), 2021 requires that the labelling must remain on display for the entire duration...
Cerebras Raises $1.1B at $8.1B Valuation
Cerebras Systems, the AI chip company known for building some of the world’s largest processors, has raised $1.1 billion in an oversubscribed Series G...
Tech Giants Face Gambling App Lawsuit
Apple, Google, and Meta are set to face major class action lawsuits after a U.S. federal judge ruled that the companies cannot dismiss claims...
Meta Secures $29B for AI Data Centre Push
Meta has selected investment firms PIMCO and Blue Owl Capital to spearhead a $29 billion funding deal aimed at expanding its AI-focused data centre...
Microsoft Backs EU AI Act as Meta Opts Out
As the European Union rolls out its AI Act, tech companies are beginning to reveal their stance on the bloc’s regulatory framework. Microsoft has...
ED Summons Google and Meta in Betting Ad Probe
India’s financial crime agency has called on representatives from Google and Meta to explain their role in the advertisement and visibility of illegal betting...
Russia Moves to Restrict WhatsApp by September
Russian authorities are preparing to curtail the operations of WhatsApp as part of a broader effort to promote homegrown digital services and reduce reliance...
Altman: Meta Offered $100M to Poach OpenAI Talent
OpenAI CEO Sam Altman has alleged that Meta offered signing bonuses of up to $100 million to recruit employees from his organisation. Speaking on...
Meta Invests $14.8B in Scale AI Deal
Meta has invested $14.8 billion in Scale AI, acquiring a 49% nonvoting stake and hiring CEO Alexandr Wang in a deal that sidesteps formal...
Meta Delays Behemoth Model Amid Capability Concerns
Meta has reportedly postponed the release of its much-anticipated Behemoth large language model (LLM) to the fall, after initially targeting an April launch. The...
Meta Faces Whistleblower Heat Over AI Ethics
Former Meta executive Sarah Wynn-Williams has accused the tech giant of undermining U.S. national security and compromising AI ethics by covertly aiding China’s artificial...
Meta Eyes $1B Data Center in Wisconsin
Meta Platforms is reportedly planning to invest nearly $1 billion in a new data center project in central Wisconsin, a move aimed at ramping...
OpenAI, Meta in AI Talks with Reliance
OpenAI and Meta Platforms have reportedly initiated separate discussions with Reliance Industries to explore strategic AI partnerships aimed at expanding their offerings in the...
