Meta’s AI chief slams Elon Musk over hype, conspiracy theories

June 2, 2024 Coin Telegraph

It’s scientist versus business mogul as X.com’s biggest nerd fight plays out in real time.

Meta’s vice president and chief AI scientist, Yann LeCun, and Elon Musk, the world’s richest person, have engaged in what might be 2024’s most well-credentialed nerd fight on social media.

While LeCun and Musk have been arguing on X.com since it was called Twitter, this recent dustup kicked things back into high gear with both men slinging vitriol at one another.

Evidently, things started when LeCun hijacked an X post from Musk advertising open positions at xAI — Musk's artificial intelligence company.

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Coinbase, Ripple, Meta Join Forces to Fight Crypto Scams, Including Pig Butchering

May 23, 2024 Bitcoin.com

Bitcoin

Leading crypto and tech companies, including Coinbase, Ripple, Meta, Kraken, and Gemini, have formed a coalition to combat online fraud, including crypto scams like the pig butchering scheme. “We are dedicated to disrupting emerging online scams through collaboration, information sharing, and enhanced consumer education,” said Coinbase’s chief security officer. ‘Tech Against Scams’ Coalition Established Several […]

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Bitcoin volatility plunges below Tesla, Nvidia stocks amid $100K price prediction

May 11, 2024 Coin Telegraph

Bitcoin volatility plunges below Tesla, Nvidia stocks amid 0K price prediction

bitcoin etf

Lower Bitcoin market volatility often precedes significant bull runs, suggesting that the current trend could propel prices toward the $100,000 to $150,000 range.

Bitcoin's (BTC) volatility in the annual timeframe has dropped below that of top tech stocks, including Tesla, Meta, and Nvidia, signaling its growth toward becoming a more mature and stable asset class.

As of May 11, Bitcoin's 1-year realized volatility, which represents the standard deviation of returns from the mean return of a market, was at around 44.88%. In comparison, the annualized realized volatility of "magnificent seven" stocks such as Tesla, Meta, and Nvidia was over 50%.

Moreover, Bitcoin has shown relatively lower volatility compared to 33 of the roughly 500 companies in the S&P 500 index, noted Fidelity Investment in its latest report.

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Meta’s letting Xbox, Lenovo, and Asus build new Quest metaverse hardware

April 25, 2024 Coin Telegraph

Augmented Reality

Each company has its own special plans for the Quest mixed-reality device.

Meta recently announced that it would “open” the operating system that powers its Quest line of mixed-reality devices for third-party hardware and software development.

The change comes with a new name, “Meta Horizon OS,” and a rebranding of the Quest Store to the “Meta Horizon Store.” It also brings a trio of high-profile partners in Asus, Lenovo, and Microsoft’s Xbox brand.

According to a blog post from Meta, each of the partners will work with Meta to develop their own mixed/virtual reality devices.

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Meta Faces Tough Market Response as AI Investments Surge and Metaverse Losses Continue

April 25, 2024 Bitcoin.com

Artificial intelligence (AI)

Meta’s shares dropped 15% in after-hours trading following announcements in April of plans for significant investment in AI, alongside a weaker revenue outlook and continued losses in its metaverse division, Reality Labs. The company anticipates its expenses will soar to between $96 billion and $99 billion for the fiscal year, attributing the increase to higher […]

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Meta drops 15% on weak outlook and high AI and metaverse spending

April 24, 2024 Coin Telegraph

Meta shares dipped after a disappointing Q2 revenue outlook and plans to spend nearly $100 billion this year as it aims to “invest aggressively” in its AI products.

Meta (META) shares dropped 15% in after-hours trading after the firm said it will “aggressively” ramp up spending in artificial intelligence while its metaverse division will continue to run at a loss — amid a weak revenue outlook.

The giant said in its April 24 first quarter 2024 results it expected expenses to rise to a range between $96 billion to $99 billion — up from $94 billion to $99 billion due to “higher infrastructure and legal costs.”

It also bumped full-year 2024 capital expenditures to a top end of $40 billion from its prior $37 billion as it would “invest aggressively to support our ambitious AI research and product development.”

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Mark Zuckerberg says Meta wearables that read brain signals are coming soon

April 19, 2024 Coin Telegraph

The new neural technology that Meta is developing will be “pretty wild,” said Zuckerberg, adding its first application will be for AR glasses.

Meta CEO Mark Zuckerberg has hinted his firm is making progress on its first “consumer neural interfaces,” non-invasive wearable devices that can interpret brain signals to control computers.

However, unlike Elon Musk’s Neuralink brain chip, Zuckerberg explained that these devices wouldn’t be something that “jacks into your brain” but something wearable on the wrist that can “read neural signals that your brain sends through your nerves to your hand to basically move it in different subtle ways.”

Meta first began discussing the development of “wrist-based interaction” in March 2021 as part of Facebook Reality Labs Research.

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Meta launches ‘most capable openly available LLM to date’ rivalling GPT and Claude

April 18, 2024 Coin Telegraph

chatGPT

Llama-3 may be the company’s most ambitious artificial intelligence project yet.

Meta bellied up to the artificial intelligence (AI) bar today to announce that its newest large language model, Llama-3, is the “most capable,” and “best open source model” currently available.

The company’s statements surrounding the general availability of Llama-3 as well as a new standalone “Meta AI” portal, has the tech world abuzz with declarations that the current space leaders, Microsoft, OpenAI, Google, and Anthropic, finally have some stiff competition from the company formerly called Facebook.

A Meta blog post made no quibbles about the company’s position concerning where its Llama suite of LLMs now lie in the global AI model hierarchy:

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Google slashes price of Gemini AI model, opens up to developers

December 14, 2023 Coin Telegraph

Amazon

The Google parent company Alphabet said it is slashing prices for its pro version of AI model Gemini and plans to make its tools more accessible to developers to create their own versions.

Alphabet, the parent company of Google, announced on Dec. 13 that it plans to slash the cost of a version of its most advanced artificial intelligence (AI) model Gemini and make it more accessible to developers.

According to reports, the company said the price for the pro model of Gemini has been cut 25-50% of what it was in June.

Gemini was introduced in three variations on Dec. 6, with its most sophisticated version being able to reason and understand information at a higher level than other Google technology, along with computing video and audio.

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Meta releases ‘Purple Llama’ AI security suite to meet White House commitments

December 7, 2023 Coin Telegraph

Coin Telegraph

Meta believes that this is “the first industry-wide set of cyber security safety evaluations for Large Language Models (LLMs).”

Meta released a suite of tools for securing and benchmarking generative artificial intelligence models (AI) on Dec. 7.

Dubbed “Purple Llama,” the toolkit is designed to help developers build safely and securely with generative AI tools, such as Meta’s open-source model, Llama-2.

The release, which Meta claims is the “first industry-wide set of cyber security safety evaluations for Large Language Models (LLMs),” includes:

Meta.