The tech giant claims that Movie Gen outperforms tools developed by leading AI startups like OpenAI, ElevenLabs, and Runway
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The fine comes after a probe found that the social media giant kept some users' passwords in plaintext
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Key parts of the act compel corporations to publish thorough summaries of the data used to train their AI algorithms
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The company had paused the AI training in mid-June after facing a backlash from privacy regulators, including the Irish Data Protection Commission, which requested a delay in the rollout of Meta’s AI models in Europe
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The models are not only gaining traction on community platforms like Hugging Face but are also being extensively used through Meta's cloud partners
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The feature is currently being tested among a select group of users, mirrors the ephemeral format popularised by Instagram Stories and Snapchat
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Amid the company’s re-evaluation over its competitor Apple's Vision Pro’s lukewarm presence in the market and issues with high production costs, Meta finds it difficult to produce its virtual reality headgear under USD 1,000
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Meta and Jio Platforms are negotiating to license Horizon VR OS, aiming to lead the VR market.
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Meta's second-quarter earnings conference highlighted company’s grown presence in India, addition of multiple languages in Meta AI, Threads’ improved engagement and future aspirations
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The new model has 405 billion parameters and presents a formidable challenge to paid models from industry giants like OpenAI and Amazon
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