#meta

@TheBadPlace@mastodon.ozioso.online · 1d ago

US Top News and Analysis | What you need to know about Nvidia competitor Cerebras after wild IPO AI generated summary, Read the full article for complete information. Cerebras Systems’ blockbuster IPO, which closed with a market cap just under $100 billion, underscores the exploding demand for AI chips that can serve as alternatives to Nvidia’s GPUs. The Silicon Valley firm builds massive custom ASICs—its WSE‑3 chip is the size of a dinner plate, about 57 times larger than the biggest GPU and contains roughly 50 times more transistors—designed for faster inference rather than the training tasks that Nvidia’s general‑purpose GPUs excel at. After the IPO, Cerebras began operating its chips inside its own data‑center cloud, positioning itself against hyperscalers and other ASIC specialists such as Groq, SambaNova, D‑Matrix and Rebellions. The offering made two of its co‑founders billionaires and paves the way for further ASIC‑focused startups to go public as the AI hardware market rapidly expands. Read more: https://www.cnbc.com/2026/05/15/nvidia-cerebras-stock-price-ipo.html #Nvidia #Cerebras #Meta #Alibaba #Google #Microsoft #OpenAI #AndrewFeldman #SeanLie #TSMC #

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The Bad Place

@TheBadPlace@mastodon.ozioso.online · 1d ago

The New Republic | Trump Has Made Bank Off Stocks From Companies With Federal Contracts by Edith Olmsted AI generated summary, Read the full article for complete information. Donald Trump has reportedly profited from millions of dollars in stock trades involving tech firms and government contractors that benefit from federal contracts, including Nvidia, AMD, Palantir, and others, according to a financial disclosure cited by NOTUS. The filing shows he bought sizable positions in Nvidia in early February and January 2026—coinciding with the company’s AI chip deals with Meta and subsequent approvals for sales to China—while also purchasing AMD stock that was later cleared for Chinese customers, and repeatedly buying and selling Palantir shares around large Department of Homeland Security contracts and his own public calls for investors to buy the stock. In the first quarter of 2026, Trump shifted from bonds to more than 3,600 individual trades, prompting the White House to claim his family was unaware of the transactions, a stance critics denounce as blatant corruption and market manipulation by the president who oversees the very agencies awarding these contracts. Read more: https://newrepublic.com/post/210518/donald-trump-stocks-federal-contracts #DonaldTrump #Nvidia #Meta #JensenHuang #AMD #Palantir #HomelandSecurity #WhiteHouse #AI #breakingnews #governmentcontracting #insidertrading #politics #republicanparty #stockmarket #stocks #technology

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The Bad Place

@TheBadPlace@mastodon.ozioso.online · 2d ago

Business Latest | An Engineer’s Post Protesting Laptop Surveillance Is Going Viral Inside Meta by Paresh Dave AI generated summary, Read the full article for complete information. Meta employees in the US and UK are rallying against the company’s new Model Capability Initiative—a mandatory tool that records keystrokes, mouse movements and screen activity to collect data for training AI systems. An internal post by an engineer, seen by thousands of coworkers, described the software as a privacy invasion and warned it could set dangerous norms for how workers are exploited for AI training. The post sparked a petition demanding an end to the non‑consensual data extraction, fueling low morale, union‑organizing efforts—particularly in the UK—and widespread protests such as flyers and delayed installations, as staff question the legality and ethics of employer‑driven surveillance for AI development. Read more: https://www.wired.com/story/meta-employee-protest-mouse-tracking-surveillance-ai-training/ #Meta #ModelCapability #Wired #UnitedTech #AlliedWorkers #business #business_artificialintelligence #internalunrest

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Miguel Afonso Caetano

@remixtures@tldr.nettime.org · 2d ago

"A new class action lawsuit accuses OpenAI of sharing data including user chat queries and personal identifying information like emails and user IDs with the tech giants — and targeted advertising behemoths — Meta and Google, without obtaining proper user consent. Filed yesterday in California, the lawsuit claims that OpenAI’s data-sharing with Google and Meta violates the California Invasion of Privacy Act, known as CIPA, as well as the Electronic Communications Privacy Act. It points specifically to OpenAI’s integrations with Meta Pixel and Google Analytics, which are data-tracking and collection tools that facilitate targeted advertisements. The data-tracking model described in the lawsuit — often referred to as “surveillance capitalism” — is the business that the modern internet is built on today. And OpenAI, like countless other tech companies, does include language in its privacy policy noting that it does collect, store, and share a range of consumer inputs and personal information." https://futurism.com/artificial-intelligence/openai-personal-information-meta-google #AI #GenerativeAI #OpenAI #Surveillance #Meta #Google #DataProtection #Privacy

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The Bad Place

@TheBadPlace@mastodon.ozioso.online · 3d ago

Business Latest | Meta’s New Reality: Record High Profits. Record Low Morale by Paresh Dave, Lauren Goode, Steven Levy, Zoë Schiffer AI generated summary, Read the full article for complete information. Meta is preparing to cut about 10 % of its workforce—roughly 8,000 jobs—adding to the 25,000 layoffs announced over the past four years, and employees describe the atmosphere as “historically low” morale, with unhappiness widespread except among senior executives. The dip in morale stems from a combination of factors: shrinking compensation (share‑based raises cut for two consecutive years), widening pay gaps, costly AI initiatives, mandatory installation of tracking software that records U.S. staff’s keyboard and mouse activity to train internal AI models, and recent legal setbacks that highlighted the company’s product harms. Workers are protesting the AI surveillance, some are trying to form a UK union with United Tech & Allied Workers, and many hope to be laid off to collect severance and health benefits. While Meta’s ad business continues to generate strong profits—nearly $27 billion in Q1—the company is simultaneously spending billions on AI talent and infrastructure, creating tension between high‑level financial performance and the everyday experience of employees who feel pressured, undervalued, and uncertain about their future. Read more: https://www.wired.com/story/meta-layoffs-bad-vibes-mark-zuckerberg-ai/ #Meta #AndrewBosworth #UnitedTech #AlliedWorkers #ModelCapability #AppliedAI #aipilled #business #business_artificialintelligence

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The Bad Place

@TheBadPlace@mastodon.ozioso.online · 3d ago

Chicago Sun-Times - All | ComEd electric customers brace for double-digit spike in bills by Brett Chase AI generated summary, Read the full article for complete information. ComEd electric customers in Chicago will face at least a 12 % increase in their monthly residential bills—rising from an average of $107 to $120—starting in June, as a temporary consumer‑credit tied to nuclear and renewable energy expires and AI‑driven data centers, which now number over 80 in northern Illinois with another 75 projects proposed, drive up power demand. The surge reflects both the credit’s loss and the high‑energy consumption of these facilities, which are outpacing the state’s ability to replace retiring coal plants with new wind and solar capacity. Utility officials say the rates are set by the PJM grid operator, not by ComEd, and advocates are urging that data‑center operators fund clean‑energy upgrades and greater regulatory oversight to curb further price hikes. Read more: https://chicago.suntimes.com/consumer-affairs/2026/05/13/comed-electric-customer-bills-rising-ai-data-centers-pjm-energy-costs #ComEd #PJMInterconnection #Google #Meta #Microsoft #Amazon #LIHEAP #Illinois #

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The Bad Place

@TheBadPlace@mastodon.ozioso.online · 3d ago

Irish Independent : Independent | LinkedIn planning to cut 5pc of staff as tech industry layoffs continue AI generated summary, Read the full article for complete information. LinkedIn, the Microsoft‑owned professional networking site that employs over 2,000 people in Ireland, is preparing to cut roughly 5 % of its Irish staff as part of a re‑organisation aimed at focusing resources on faster‑growing business areas, according to Reuters. The layoffs are not linked to AI‑driven job displacement, and come despite a 12 % revenue increase in the latest quarter. The move follows a wave of tech‑sector cutbacks across companies such as Coinbase, Meta, Amazon and PayPal, and follows LinkedIn’s recent opening of a new EMEA headquarters in Dublin and Microsoft’s broader voluntary redundancy programmes in its Irish operations. Read more: https://www.independent.ie/business/technology/linkedin-planning-to-cut-5pc-of-staff-as-tech-industry-layoffs-continue/a1847374163.html #LinkedIn #Microsoft #Coinbase #Meta #Amazon #Oracle #Covalent #PayPal #ActivisionBlizzard #

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The Bad Place

@TheBadPlace@mastodon.ozioso.online · 3d ago

The Guardian | Meta profited from illegal scam ads, California county lawsuit alleges by Reuters AI generated summary, Read the full article for complete information. California’s Santa Clara County has filed a lawsuit against Meta Platforms, alleging the company profited from illegal scam ads on Facebook and Instagram in violation of the state’s false‑advertising and unfair‑business‑practice laws. The complaint, based on leaked internal documents, claims Meta earned up to $7 billion annually from “high‑risk” scam ads and that it largely tolerated such fraudulent advertising rather than broadly cracking down on it, even setting “guardrails” that limited anti‑scam measures when they threatened revenue. The county seeks restitution, civil damages, and an injunction to stop Meta’s alleged misconduct, accusing the firm of enabling middlemen to sell protected ad accounts, targeting users who previously clicked scam offers, and using generative AI to facilitate deceptive ads. Meta says it will defend itself, arguing the lawsuit misrepresents its anti‑scam efforts. Read more: https://www.theguardian.com/technology/2026/may/13/meta-scam-ads-california-lawsuit #Meta #SantaClara #Facebook #Instagram #AndyStone #TonyLoPresti #BernsteinLitowitz #RennePublic #BishopPartnoy #scams #technology #westcoast

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The Bad Place

@TheBadPlace@mastodon.ozioso.online · 4d ago

BBC News | Smart glasses are 'an invasion of privacy' - Meta's are selling better than ever AI generated summary, Read the full article for complete information. Smart glasses, especially Meta’s Ray‑Ban‑styled “AI” glasses, have become the market’s dominant product—accounting for over 80 % of sales and reaching millions of units—yet they are sparking a privacy backlash as users covertly film women and others in public without consent, leading to online abuse and limited legal recourse; victims report recordings being posted online, companies charging “paid services” to remove them, and lawsuits alleging undisclosed human review of footage by workers in Kenya. Despite Meta’s claims that its devices are “designed for privacy” and that users must act responsibly, the unobtrusive camera, dim recording light, and upcoming facial‑recognition upgrades enable surreptitious recording in sensitive places, prompting concerns from privacy lawyers, former Meta AI researchers, and the public. While the glasses are praised by early adopters for hands‑free music, calls, and quick photo capture, competitors such as Apple, Snap, and Google are preparing their own AI‑augmented eyewear, potentially expanding the market to 100 million users and intensifying worries that ubiquitous camera‑bearing glasses will make it harder to enforce existing bans on recording in courthouses, museums, hospitals, and other private venues. Read more: https://www.bbc.com/news/articles/cj37z8357e5o?at_medium=RSS&at_campaign=rss #Meta #EssilorLuxottica #GoogleGlass #MarkSmith

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The Bad Place

@TheBadPlace@mastodon.ozioso.online · 5d ago

US Top News and Analysis | Hassett says AI isn't costing anybody their job right now — but tech layoffs keep coming AI generated summary, Read the full article for complete information. National Economic Council Director Kevin Hassett told CNBC’s “Squawk Box” that, despite a wave of tech layoffs at companies such as Amazon, Meta, Oracle and Block, there is “no sign in the data” that artificial‑intelligence technology is currently costing anyone their job; he emphasized that the administration is studying AI’s future impact on the workforce and has set up a task force to assess it, while firms cite AI‑driven automation and the move to smaller, highly skilled teams as reasons for recent staffing reductions. Read more: https://www.cnbc.com/2026/05/11/trump-white-house-hassett-ai-jobs.html #KevinHassett #EconomicCouncil #CNBC #SquawkBox #WhiteHouse #Amazon #Meta #Oracle #Block #Square #

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The Bad Place

@TheBadPlace@mastodon.ozioso.online · 6d ago

The Guardian | Forget the AI job apocalypse. AI’s real threat is worker control and surveillance by Nazrul Islam AI generated summary, Read the full article for complete information. The article argues that the real threat of artificial intelligence at work isn’t mass unemployment but a growing divide between workers who use AI to augment their skills and those who are controlled and surveilled by opaque AI systems. While higher‑paid, autonomous roles (analysts, lawyers, managers) can benefit from AI as a “copilot” that speeds routine tasks and frees creativity, many lower‑paid workers face “bossware” that schedules, monitors, and judges performance, turning AI into a manager that dictates shifts, task timing and productivity metrics. This algorithmic management spreads from warehouses and gig platforms to corporate offices and schools, intensifying stress and eroding dignity, trust and control. The author calls for equitable AI skill training, transparent and contestable systems, and genuine worker participation in how AI is introduced, warning that without these safeguards the AI divide will cement a new, hidden inequality in the labour market. Read more: https://www.theguardian.com/technology/2026/may/11/ai-worker-control-surveillance #Amazon #Meta #WhiteHouse #aiartificialintelligence #workcareers

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AI6YR Ben

@ai6yr@m.ai6yr.org · May 09, 2026

NOLA: Tiny Louisiana parish becomes AI boomtown as Meta builds $10B data center: 'It's changing fast' https://www.nola.com/news/business/meta-louisiana-ai-data-center/article_77f553ff-c272-4e6c-a775-60bbbee0b065.html#tncms-source=special-report #meta #ai #climateemergency

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🅰🅻🅸🅲🅴 (🌈🦄)

@alice@lgbtqia.space · May 07, 2026

In bullshit AI news, look, more bullshit: https://cybernews.com/tech/meta-ai-analyze-bone-structure-age-verification "It's AI phrenology, not facial recognition!" 💁🏼‍♀️🤦🏼‍♀️💁🏼‍♀️🤦🏼‍♀️💁🏼‍♀️🤦🏼‍♀️ #Meta #AI #Tech #FuckZuck

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Taran Rampersad

@knowprose@mastodon.social · May 06, 2026

Gifted link: "...“These A.I.-generated books are already flooding the world’s largest book marketplace, Amazon, in volumes that materially displace human-authored works,” the complaint states..." Yup. That's one of the reasons my book isn't as prioritized to publish. https://www.nytimes.com/2026/05/05/books/publishers-turow-meta-zuckerberg-lawsuit-copyright.html?unlocked_article_code=1.gVA.RWOP.Fza1_6NG8r2T&smid=url-share #writers #publishing #meta #ai #copyright

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Taran Rampersad

@knowprose@mastodon.social · May 06, 2026

This is just... increasing complexity. Whether it actually will matter is something else. If I were a kid, I would only post stick figures. 🤣 https://techcrunch.com/2026/05/05/meta-will-use-ai-to-analyze-height-and-bone-structure-to-identify-if-users-are-underage/ #meta #ai #ageverification

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In reply to

Simon D.

@siltaer@piaille.fr · May 06, 2026

L’AVIF prend enfin ses aises sur Internet : c’est quoi ce format d’image ? https://next.ink/124294/lavif-prend-enfin-ses-aises-sur-internet-cest-quoi-ce-format-dimage/ Avec la sortie d’Edge 121, le dernier grand navigateur se dote de la compatibilité avec l’ #AVIF. Ce format d’image, disponible officiellement depuis presque cinq ans, avait été créé pour prendre la relève du #JPG. Aujourd’hui, le format peut-il accomplir sa mission ? Il y aura bientôt dix ans, la question du remplaçant du vénérable JPEG se posait déjà. En 2015, plusieurs grandes entreprises du numérique se sont rassemblées pour travailler sur la question. #Alphabet #Amazon #AMD #Apple #Cisco #Intel #Meta #Mozilla #Microsoft #Netflix ainsi que #Tencent. #AV1

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Ada

@iamada@tech.lgbt · May 05, 2026

No trans people posting selfies in cute dresses allowed! - Instagram #trans #instagram #transphobia #meta

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AfterDawn

@afterdawn@mementomori.social · May 04, 2026

Instagram muuttaa algoritmiaan merkittävästi Jatkossa lähinnä muiden tekemää sisältöä tilillään jakavat tilit menettävät näkyvyytensä algoritmin suosituksissa. Eli etenkin erilaiset meemejä, infograafeja ja vaikkapa maisemakuvia uudelleenjulkaisevat tilit tulevat katoamaan pitkälti näkyvistä. https://dawn.fi/uutiset/2026/05/04/instagram-algoritmi-muiden-sisallon-levittaminen #instagram #sosiaalinenmedia #uutiset #meta #media

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