Instagram has hit 3 billion monthly users, parent Meta Platforms announced this week, an increase of one billion since the company last disclosed figures in October 2022. Meta’s other social platforms, Facebook and WhatsApp, both crossed the 3 billion mark earlier this year. The milestone coincides with a redesign of the Instagram app’s homepage putting more emphasis on Reels short-form videos and private messaging that have largely driven the platform’s growth. Meta has begun testing a version of the app in India that opens directly into Reels instead of a traditional feed. Continue reading Instagram Touts 3 Billion Global Users, Redesigns Homepage

Meta Connect just wrapped after showcasing the company’s latest offerings in XR, Meta AI wearables, and more. The long-awaited reveal of the Meta Ray-Ban Display smart glasses confirmed they are the first Meta glasses with a built-in high-resolution HUD color screen and use an EMG wristband for controls. Meta’s high-performance sports eyewear got an upgrade with the Oakley Meta Vanguard, offering Garmin and Strava integration and video recording in 3K Ultra HD. The Quest VR headset’s new beta feature, Hyperscape, was previewed, turning real-world spaces into virtual worlds. Also, the Quest now features a Horizon TV entertainment hub for streaming. Continue reading Meta Platforms Unveils New Smart Glasses and AI Wearables

Robinhood, the online brokerage aimed at individual investors, is launching Robinhood Social, which will allow users to follow each other’s profits and losses and feature public figure profiles. Membership will initially be extended to select Robinhood customers, starting early next year, with broader availability to follow. Robinhood says the move is based on feedback from active traders who say they rely heavily on social media to navigate the markets. Since it can be challenging to differentiate between legitimate posts and sponsored message or misinformation, Robinhood Social aims to make the process more transparent, according to the company. Continue reading Robinhood Brokerage Set to Launch a Social Media Platform

Meta Platforms has agreed to a six-year deal with Google Cloud valued at $10 billion as part of its push into artificial intelligence. Use of Google Cloud data centers are expected to help the social media giant bring leading-edge AI tools to market more quickly. This is the first agreement between Google Cloud and Meta, which continues to work with the number one and two global cloud providers by market share, Amazon Web Services (30 percent) and Microsoft Azure (20 percent). Third-place Google has been aggressively pursuing big cloud contracts as it seeks to grow its 13 percent share. Continue reading Meta Secures $10 Billion Deal with Google Cloud for AI Efforts

Meta Platforms has restructured its artificial intelligence group for a third time in as many months. Meta Superintelligence Labs is now organized into four groups: general research, superintelligence, AI products, and infrastructure (data centers and hardware). The move comes after newly hired Chief AI Officer Alexandr Wang has had a chance to settle in. The aim is to better leverage the billions of dollars spent recruiting talent and more quickly get AI products to market as well as achieving the company’s longer-term goal of developing artificial general intelligence. Continue reading Meta Superintelligence Labs Continues to Restructure Groups

Meta Platform reported another strong quarter, with profit up 36 percent to $18 billion on revenue of $47.5 billion, a 22 percent increase. Justifying to investors why the company spent billions restructuring AI operations as part of the new AI Superintelligence Lab and recruiting talent to run it, company CEO Mark Zuckerberg emphasized his desire “to build personal superintelligence for everyone in the world.” Zuckerberg said he believes AI superintelligence “has the potential to begin an exciting new era of individual empowerment.” Meta plans to more than double spending to build AI infrastructure, including server-filled data centers, and initiatives supporting model training and cloud computing. Continue reading Meta Profit Is Up 36 Percent, Fueling Superintelligence Race

Meta Platforms has embarked on an ambitious data center build-out to power its AI ambitions. This includes Hyperion, a massive facility to be built in Louisiana that “will be able to scale up to 5 gigawatts over several years,” Meta CEO Mark Zuckerberg posted on Threads with a graphic illustrating how its planned footprint is nearly big enough to cover most of Manhattan. The first new plant to come online will be Prometheus in Ohio in 2026, Zuckerberg said, indicating his company will not be looking to OpenAI and Stargate partners to power Meta AI processing. Continue reading Meta Power Play Includes Data Centers of Up to 5 Gigawatts

Underscoring its commitment to smart glasses, Meta Platforms has reportedly invested $3.5 billion in EssilorLuxottica SA, the world’s largest manufacturer of eyewear. The move gives Meta around a three percent stake in the Paris-headquartered firm, and expands an existing relationship for brand deals that resulted in the casual Ray-Ban Meta AI glasses released in 2021 and an athlete-focused Oakley Meta HSTN AI line announced last month. Neither Meta nor EssilorLuxottica has publicly commented on the equity buy-in yet, though it has been reported Meta may increase its stake to five percent. Continue reading Meta Investing $3.5B in Smart Glass Partner EssilorLuxottica

Meta Superintelligence Labs (MSL) is the name of the new AI unit for which Meta CEO Mark Zuckerberg has been aggressively recruiting. The division will be led by Chief AI Officer Alexandr Wang, who joined last month after Zuckerberg paid an estimated $15 billion for Scale AI, where Wang was CEO and co-founder. Nat Friedman, who ran GitHub for Microsoft from 2018 to 2021, will “partner with Alex to lead MSL” heading products and applied research, Zuckerberg said in an internal memo. The new group will encompass Meta’s AI foundations, product and FAIR (Fundamental AI Research) teams as well as the lab for next generation models. Continue reading Meta Bows Superintelligence Labs, Continues AI Recruitment

Meta Platforms is opening its WhatsApp messaging service to advertising. The company revealed that three ad modules will roll out gradually. The ads will be positioned under WhatsApp’s Updates tab, a section discreet from WhatsApp’s users’ message inboxes and private chats. The Updates tab is also the entry point to WhatsApp’s Status feature, which lets users share photos, videos and text that disappear after 24 hours, similar to Instagram Stories. Meta says the Updates tab gets 1.5 billion visitors per day. The company is also seeking to monetize WhatsApp’s Channels feature by offering paid subscriptions and promoted Channels. Continue reading Meta Platforms Is Gradually Bringing Advertising to WhatsApp

Determined to rebound from the Llama 4 Behemoth delay, Meta Platforms is swinging for the fences in its artificial intelligence efforts, with CEO Mark Zuckerberg personally supervising creation of a new AI lab focused on superintelligence. Meta has reportedly reached a deal to pay up to $15 billion for a stake in a startup called Scale AI that would bring its 28-year-old co-founder and CEO Alexandr Wang in-house to lead the effort. Other leading Scale AI staff would also come aboard, and Meta is said to be recruiting researchers from OpenAI and Google by dangling “seven- to nine-figure compensation packages,” reports indicate. Continue reading Meta Said to Be Planning Major Push into AI Superintelligence

Meta Platforms has restructured its artificial intelligence operations, creating two separate units — an AI Products team headed by Connor Hayes and the AGI Foundations unit jointly run by Ahmad Al-Dahle and Amir Frenkel. The move comes as Meta is delayed getting its latest foundation model Llama 4 Behemoth to market and has also seen several key AI engineers depart. The idea is that dividing a single large organization into two smaller divisions will speed product development and add flexibility as Meta faces tough competition from top companies such as Google and OpenAI, as well as social companies X and TikTok. Continue reading Meta Restructures AI Ops in Wake of Llama 4 Behemoth Delay

Meta Platforms revenue for Q1 was $42.3 billion, up 16 percent year-over-year and besting Wall Street estimates of $41.3 billion. Profits were up 35 percent to $16.6 billion, hurtling past analyst estimates of $13.6 billion. Advertising, up nearly 15 percent for the quarter compared to last year, comfortably passed $41 billion, driving the revenue performance. Meta began Q2 by launching its anticipated standalone Meta AI app. Built with natively multimodal Llama 4 models, the company is positioning the Meta AI app as “a personal AI designed around voice conversations,” according to CEO Mark Zuckerberg. Continue reading Meta Touts 35 Percent Q1 Profit Jump, ‘Personalized’ AI App

After testing advertising in select markets, Meta Platforms is now offering ads on Instagram’s Threads globally to all eligible advertisers, providing access to the more than 320 million monthly active users the social platform has accrued since launching in July 2023. The Threads feed ad placement will be set on by default for new campaigns using either Advantage+ or Manual Placements unless an advertiser toggles to opt out. Global Threads advertisers will also have access to the platform’s inventory filter, which provides increased control over the distribution of ads. Continue reading Meta Opens Threads Advertising Globally to Eligible Accounts

Utah has become the first state to make app stores responsible for verifying users’ ages. The Utah App Store Accountability Act shifts the burden of proving one’s age from social platforms like Snapchat, Instagram and X to digital storefronts, namely Google Play and Apple’s App Store. Those who create accounts in the state will have to prove they’re over 18 or, if underage, link their account to a parent or guardian’s. Utah Governor Spencer Cox signed the bill into law on Wednesday and it begins taking effect May 7. Google opposed the legislation and lobbied the governor to veto it. Meta, X and Snap applauded the measure and are encouraging other states to follow suit. Continue reading Utah Law Is First in Nation Making App Stores Verify User Age