Meta’s prototype ‘full holographic’ glasses could be a game changer for Web3

June 29, 2024 Coin Telegraph

The new holographic display could give NFTs the Pokemon Go treatment.

Meta’s Mark Zuckerberg thinks smart glasses with holographic displays will slowly supplant the mobile phone as humanity’s primary communications and computing device.

In a recent interview with YouTuber Kane “Kalloway” Sutter, the billionaire tech mogul expounded on a number of topics including artificial intelligence and open source. But, when asked by host Kalloway what Meta’s most exciting future product was, Zuckerberg gave a full-throated endorsement for a set of glasses — the kind you wear on your face — featuring cameras, microphones, speakers, and a full field-of-view (FOV) holographic display.

Pundits in both the advertising world and the technoverse have, by and large, had a field day mocking Meta and Zuckerberg over their pivot from “Facebook,” the company behind the aptly named “Facebook” social media platform to “Meta,” the company that’s… working on the metaverse.

BRICS Discusses Alternative Payment Platforms to Bypass Western Financial Systems

AI ‘Skeleton Key’ attack found by Microsoft could expose personal, financial data

June 28, 2024 Coin Telegraph

Coin Telegraph

Aside from being wary about which AI services you use, there are other steps organizations can take to protect against having data exposed.

Microsoft researchers recently uncovered a new form of “jailbreak” attack they’re calling a “Skeleton Key” that’s capable of removing the protections that keep generative artificial intelligence (AI) systems from outputting dangerous and sensitive data.

According to a Microsoft Security blog post, the Skeleton Key attack works by simply prompting a generative AI model with text asking it to augment its encoded security features.

In one example given by the researchers, an AI model is asked to generate a recipe for a “Molotov Cocktail” — a simple firebomb popularized during World War II — and the model refused, citing safety guidelines.

BRICS Discusses Alternative Payment Platforms to Bypass Western Financial Systems

Meta loses bid to wriggle out of billionaire’s crypto scam ad lawsuit

June 20, 2024 Coin Telegraph

Ads

Meta cited a section of a 1996 federal law in an attempt to escape a crypto ad lawsuit from Australian billionaire Andrew Forrest, but a U.S. federal judge said it wasn’t enough.

A United States judge has rejected Meta Platform’s bid to toss a lawsuit from billionaire Australian mining tycoon Andrew Forrest over Facebook ads that used deep fakes in his image to promote scam crypto schemes.

California District Judge Casey Pitts said in a Monday, June 17 order that Forrest could re-file his suit and try to prove that Meta’s negligence in failing to stop the scam ads broke its duty to operate in a “commercially reasonable manner.”

Meta argued that Section 230 of the Communications Decency Act exempted it from responsibility as a publisher of third-party content — an argument YouTube had unsuccessfully used to try to avoid blame for crypto scam ads on its platform.

BRICS Discusses Alternative Payment Platforms to Bypass Western Financial Systems

Bitcoin Must Hit $84,740 to Match Silver’s Market Cap, Over $800,000 to Surpass Gold

June 5, 2024 Bitcoin.com

Bitcoin Must Hit ,740 to Match Silver’s Market Cap, Over 0,000 to Surpass Gold

Berkshire Hathaway

Bitcoin has climbed past $70,000 and is now the world’s ninth-largest asset by market capitalization, among many publicly traded companies and precious metals. Despite overtaking silver’s market value in March, the leading cryptocurrency must reach $84,740 per coin to match silver’s current $1.67 trillion valuation. Bitcoin Is Now in 9th Place Among the World’s Largest […]

BRICS Discusses Alternative Payment Platforms to Bypass Western Financial Systems

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

June 2, 2024 Coin Telegraph

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.

BRICS Discusses Alternative Payment Platforms to Bypass Western Financial Systems

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 […]

BRICS Discusses Alternative Payment Platforms to Bypass Western Financial Systems

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.

BRICS Discusses Alternative Payment Platforms to Bypass Western Financial Systems

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.

BRICS Discusses Alternative Payment Platforms to Bypass Western Financial Systems

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 […]

BRICS Discusses Alternative Payment Platforms to Bypass Western Financial Systems

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.”

Meta.