The penalty, one of the largest levied against a tech giant, stemmed from a lawsuit by New Mexico claiming the social media company had misled users about their data privacy.
The spending has hurt the Silicon Valley giant’s cash flow, which turned negative. Meta said it would issue a new class of stock to help it raise more money.
The billionaire told Meta’s board that he planned to list his Silicon Valley home for sale. The company remade its stock structure to help him pay the tax if voters pass it.
Meta’s smart glasses are the latest in a line of products to raise eyebrows over privacy. That’s not stopping other companies from creating similar devices.
Artificial intelligence again dominated the company’s annual developer conference, as Mark Zuckerberg doubled down on how the technology can empower people.
Muse, Meta’s A.I. agent, helped handle my dental insurance, booked dinner reservations and created a podcast for me. It also required my most personal data, and trust.
The countries, along with Israeli firms, combined Chinese open-source A.I. models and A.I. agents for the campaigns, foreshadowing future online manipulation.
On social media, Meta’s chief executive appeared to jab at Anthropic by saying that leading A.I. labs should be focused on safety rather than improving their own technology.
Muse, Meta’s new A.I. agent, acts as a personal digital assistant that connects to Facebook and Instagram, as well as third-party apps such as Spotify and OpenTable.
