In a race to build advanced AI systems, tech companies like Google and Meta are making subtle changes to their terms of service to gain access to private user data. This includes public posts as well as private data like text messages and emails. These changes have sparked concern among users, as their content may be used to train AI systems that could threaten their jobs or livelihoods. While public data is limited, private data could give companies a significant advantage in the AI race. With privacy laws in place, gaining access to this data is not an easy feat.
Meta has launched their AI assistant, powered by their proprietary large language model, LLaMA 3, on popular social media apps such as WhatsApp, Facebook, Messenger, and Instagram. This powerful AI can generate human-like responses and assist with tasks all within the app. It can also provide content and deep dives on various topics, making it a one-stop-shop for all your online needs. Updates to WhatsApp are necessary to access Meta AI, and all personal messages and calls remain end-to-end encrypted for added privacy.
UP Police has successfully saved the lives of 457 people, including both males and females, who posted about committing suicide on social media platforms such as Facebook and Instagram. The police have collaborated with Meta to receive immediate alerts when such posts are made, allowing them to locate and rescue the individuals with the help of their integrated server and control room. This initiative has inspired other states in the country to replicate the process and the UP Police have provided them with necessary assistance and guidance. Some instances where the police were able to intervene and save lives were in Bareilly, Meerut, and Varanasi.
In April 2024, Meta, the parent company of Facebook and Instagram, released its monthly compliance report, disclosing that millions of posts were taken down for violating community standards. The report stated that 11.6 million posts on Facebook and 5.4 million on Instagram were removed. The company assured its commitment to maintaining a safe and respectful environment on its platforms by enforcing strict policies against inappropriate content. Additionally, it resolved thousands of complaints received via the Indian Grievance Mechanism and reinforced its adherence to the IT Rules 2021.
Nvidia, a leading AI chipmaker, beats analyst estimates with a more than tripled revenue and sevenfold increase in net income. Amid growing demand for AI chips, Big Tech companies like Meta, Google, Microsoft and Amazon have announced plans to spend more on chips and data centers. In addition, Nvidia announces a 10-for-1 stock split and a content agreement with News Corp, allowing OpenAI to access their current and archived news content. This follows previous content agreements with Financial Times and social media platform Reddit.
In a post on X, previously known as Twitter, Tesla CEO Elon Musk announced that the company's long-awaited robotaxi will be unveiled this summer. This comes just hours after Musk accused Reuters of "lying" for reporting that Tesla was discontinuing development of a more affordable EV in order to focus on the robotaxi. Musk has been teasing the arrival of Tesla's autonomous driving technology since 2016, but the robotaxi has yet to become a reality. This news gave Tesla's stock a much-needed boost, as the company has faced challenges in the electric vehicle market and competition in the self-driving rideshare industry. With Musk's net worth estimated at $189.2 billion, he remains one of the world's wealthiest individuals.
The S&P 500 and Nasdaq Composite both rose over 1% in Tuesday's trading, as investors eagerly anticipate the upcoming earnings reports from major tech companies like Tesla, Meta, Microsoft, and Alphabet. Tesla's results are expected to be a standout, as the stock's weight in the index could be a major factor in the overall performance of the S&P 500. Meanwhile, Fundstrat's head of research Tom Lee believes that markets may be near a bottom, with key technical levels to watch for in the S&P 500.
Meta, the parent company of Facebook, has pushed the boundaries of AI development with the release of its updated Llama 3 and integration into its AI assistant, Meta AI. This advancement improves user engagement by harnessing the power of AI for more interactive and personalized content creation. With its enhanced pre-training and training, Llama 3 delivers more accurate responses and a broader knowledge base for queries. Developers are also enticed by its availability on popular LLM development platforms and support from hardware platforms like AMD and Intel. This development marks a significant leap for AI-driven functionalities and sets Meta apart as a leader in the industry.
Meta has announced the expansion of its AI chatbot service, Meta AI, to four major apps (Facebook, Messenger, Instagram, and WhatsApp) and over a dozen countries, including Australia, Canada, and Singapore. Powered by the new Llama 3 large language model, Meta AI now offers new features such as faster image generation and access to web search results. The company has also launched a web version of Meta AI and plans to make it available on their smart glasses and virtual reality headset in the near future.
Meta has launched its latest Llama 3 models, the next generation of open source large language model (LLM) in the AI era, offering improved capabilities, longer context windows, and enhanced performance. The company is also dedicated to developing Llama 3 in a responsible way, with resources available to help others use it responsibly. The new models will soon be available on various platforms, including AWS, Databricks, Google Cloud, and more, with support from top hardware platforms.