Latest development3 months ago
Meta Withdraws Muse AI Image Tool Following Privacy Backlash
The social media giant suspends its new image generation tool after intense user criticism over content quality and personal data safety.
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On July 1, Meta shares jumped on reports that the company plans to launch an AI cloud business targeting external customers. On the same day, the Dow Jones Industrial Average hit a new record high, while semiconductor stocks fell 4.5%, dragging down the Nasdaq 100. On July 3, it was reported that Meta is partnering with Samsung to manufacture AI chips in a deal valued at approximately $6.5 billion.
The social media giant suspends its new image generation tool after intense user criticism over content quality and personal data safety.
Read the full storyMeta will begin producing its 'Iris' AI chips at TSMC this September, aiming to double its total computing capacity to 14 gigawatts by 2027.
Mark Zuckerberg told employees that AI agent development failed to meet acceleration expectations over the last four months during an internal meeting.
Meta is reportedly in talks with Samsung for a $6.5 billion agreement to produce custom AI chips, strengthening its hardware supply chain and infrastructure.
U.S. stock futures exhibited mixed performance on Thursday morning as tech sector optimism faced a reality check from corporate leadership.
Meta shares rose on reports the company plans to launch an AI cloud service for external customers, potentially competing with Microsoft and Google.