Mark Zuckerberg, CEO of Meta Platforms, recently disclosed plans regarding the development of generative AI, with a specific emphasis on creating AI assistants tailored for businesses and content creators. With Meta’s main focus on the metaverse and a consistent track record of innovation in AI, the company is strategically positioned to deliver generative AI products […]

Meta’s social media app Threads has gone live in the European Union, five months after its release in other parts of the world including the US and the UK. Meta boss Mark Zuckerberg created the platform as a rival to Elon Musk’s X – formerly Twitter – but it was not made available in the […]

Meta, owner of Facebook, Instagram and WhatsApp, is preparing to cut 13 per cent of its workforce. The first mass lay-offs in the firm’s history will see some 11,000 employees, from a global headcount of 87,000, lose their jobs. In a statement Meta chief executive, Mark Zuckerberg, said the cuts were “the most difficult changes […]

As companies look to ramp up their entertainment offerings in the metaverse, adults appear most enthused about virtually attending live concerts, ahead of going to live sporting events and shopping in the virtual reality world, according to a Morning Consult survey. The data is drawn from a survey of 4,420 US adults in March 2022. What […]

South Africa’s Competition Commission has hit Facebook’s parent, Meta, with alleged “abuse of dominance” and is seeking a hefty fine for Facebook. The Commission, in a statement which included references to Meta subsidiaries WhatsApp and Facebook South Africa, says that it has cited the two companies for prosecution at the Competition Tribunal and would be […]

Social media giant Facebook has changed its corporate name to Meta as part of a major rebrand. The company said it would better “encompass” what it does, as it broadens its reach beyond social media into areas such as augmented and virtual reality. The change does not apply to its individual platforms – Facebook, Instagram […]

Facebook has revealed plans to hire 10,000 people in the European Union to develop a metaverse – an online world where people can game, work and communicate in a virtual environment via a VR headset. “The metaverse has the potential to help unlock access to new creative, social, and economic opportunities. And Europeans will be […]

Facebook’s founder Mark Zuckerberg has apologised after its social media services – Facebook, Instagram, WhatsApp and Messenger, went down for around six hours on October 4th – affecting users globally. An internal technical issue took the services offline at about 4pm BST and the scramble to bring it back online eventually succeeded at around 10pm. […]