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Meta technology chief defends tech titan's AI strategy

Economic Times

Economic Times · 1y ago

Meta technology chief defends tech titan's AI strategy

Meta's Chief Technology Officer, Andrew "Boz" Bosworth, defends the company's position in the generative AI field, claiming that the majority of the world's population will have their first experience with generative artificial intelligence through Meta. Meta recently unveiled AI-infused chatbots with personalities and tools for creating content using spoken prompts. Bosworth emphasized that Meta's technology allows users to easily generate content, emphasizing speed and accessibility even on smartphones. Meta is focused on responsible AI development and plans to ensure safety in its AI creations.

Related News

Mark Zuckerberg defends embrace of Donald Trump administration

Economic Times

Economic Times · 5m ago

Mark Zuckerberg defends embrace of Donald Trump administration

Mark Zuckerberg, CEO of Meta, discussed with employees the company's shift toward better relations with the Trump administration, asserting this could aid in reducing governmental friction. He outlined plans for Meta in 2025, focusing on AI, data centers, and the metaverse. Zuckerberg responded to employee concerns over reduced speech restrictions and diversity programs by emphasizing necessary adjustments to a changing regulatory landscape. He also mentioned potential competitive advantages from Meta’s data center investments amid rising AI developments.

Titan to acquire 67% stake in Gulf retailer Damas Jewellery for $283 million

Economic Times

Economic Times · 3d ago

Titan to acquire 67% stake in Gulf retailer Damas Jewellery for $283 million

Titan Company Ltd, through its subsidiary Titan Holdings International FZCO, is purchasing a 67% stake in Damas LLC from Mannai Corporation for $283 million. This acquisition marks Titan's entry into the GCC region, expanding its presence in the UAE, Saudi Arabia, Qatar, Oman, Kuwait, and Bahrain. The deal is part of Titan's strategy to strengthen its jewelry business globally, leveraging Damas' established brand in the Middle East. Completion is subject to regulatory approvals.

Asia Healthcare Holdings appoints Arvind Sivaramakrishnan as CTO

Economic Times

Economic Times · 1m ago

Asia Healthcare Holdings appoints Arvind Sivaramakrishnan as CTO

Asia Healthcare Holdings has appointed Arvind Sivaramakrishnan as its Chief Technology Officer. Previously with Karkinos Healthcare, Sivaramakrishnan is known for initiating digital health transformations. At AHH, he will spearhead the digital technology strategy across platforms like telehealth and AI integration. This move signifies AHH’s dedication to enhancing patient care through tech-driven solutions. Backed by GIC and TPG, AHH focuses on sectors like oncology, fertility, and urology, aiming to innovate healthcare delivery.

Meta takes around 3% stake in Ray-Ban-parent EssilorLuxottica, source says - The Economic Times

Economic Times

Economic Times · 15d ago

Meta takes around 3% stake in Ray-Ban-parent EssilorLuxottica, source says - The Economic Times

Meta Platforms has acquired a nearly 3% stake in eyewear maker EssilorLuxottica, investing around 3 billion euros to enhance its AI-powered wearable technology offerings. This move supports Meta's strategy to boost AI infrastructure and attract new users. Meta's collaboration with Oakley on AI-powered smart glasses expands on the success of Ray-Ban Meta glasses. EssilorLuxottica aims to increase production capacity for smart glasses and explore further partnerships with Meta.

Meta’s plan to win AI race: Give its tech away free

Livemint

Livemint · 1y ago

Meta’s plan to win AI race: Give its tech away free

Meta Platforms, led by Mark Zuckerberg, is taking a unique approach in the AI space. While other companies are making AI announcements but monetizing the technology, Meta is giving away its most advanced chatbots and the underlying technology. By doing so, Meta hopes to drive down competitors' prices and spread its version of AI more broadly. This strategy comes after Meta experienced revenue loss due to Apple's decision to cut off its data gathering abilities. The success of Meta's free AI products hinges on attracting users and eventually monetizing through advertising. The company is also facing concerns from competitors and officials regarding the potential risks associated with freely available advanced AI tools.

Meta refuses to sign EU's AI code of practice | TechCrunch

TechCrunch · 6d ago

Meta refuses to sign EU's AI code of practice | TechCrunch

Meta has declined to sign the EU's code of practice for the AI Act, citing legal uncertainties and overreach. Meta's global affairs chief, Joel Kaplan, criticized the EU's approach, claiming it could hinder AI development in Europe. The voluntary framework aims to ensure AI compliance, banning certain content and requiring documentation updates. Despite pushback from tech giants like Meta, the EU remains firm on implementing its regulations, effective August 2 for models currently in use.

Mark Zuckerberg defends Meta's latest pivot in three-hour Joe Rogan interview | TechCrunch

TechCrunch · 6m ago

Mark Zuckerberg defends Meta's latest pivot in three-hour Joe Rogan interview | TechCrunch

Meta CEO Mark Zuckerberg discussed scaling back Meta’s content moderation on Joe Rogan's podcast, emphasizing a return to free expression. Meta now relies more on community notes for flagging misinformation and plans to increase thresholds for automated content filters. Despite criticism, Zuckerberg contends the timing of these changes is coincidental. He addressed political pressure, highlighting the importance of government support for tech companies. Zuckerberg seeks balance between free speech and content moderation while navigating global scrutiny.

Meta India appoints Arun Srinivas as managing director

Entrackr

Entrackr · 1m ago

Meta India appoints Arun Srinivas as managing director

Meta India appoints Arun Srinivas as managing director Arun Srinivas has been appointed as the managing director and head for Meta in India. Srinivas was the director and head of the ads business for Meta India since 2022. In this role, Srinivas oversaw business strategy and revenue growth for India across all Meta platforms and for all businesses. He was part of the India leadership team and focused on strategic revenue priorities such as AI, Reels, and Messaging. This comes after Meta expanded the role of its India vice president, Sandhya Devanathan, who now also leads the tech giant's Southeast Asia business. The development was announced by Meta’s Asia Pacific head, Dan Neary. According to Meta India, Srinivas will transition to his new role from July 1, 2025, and will continue to report to Sandhya Devanathan. Srinivas was previously Ola’s chief operating officer and global chief marketing officer. He left the company in 2020, a year after he joined. A former vice president at Unilever, Srinivas had joined Ola after a stint at private equity firm WestBridge Capital, where he led its investments in the consumer vertical. His appointment comes at a time when Meta and Indian authorities have locked horns over allegations of the tech firm's anti-competitive practices in the country. In November, the Competition Commission of India (CCI) fined the company over antitrust violations and restricted the popular messaging platform WhatsApp from sharing user data with other Meta-owned applications for advertising purposes for a period of five years.

Titan partners with CueZen to develop a new generation of smart wearables

Thehindubusinessline

Thehindubusinessline · 1y ago

Titan partners with CueZen to develop a new generation of smart wearables

Titan, a smart wearable and watch manufacturer, has partnered with CueZen, a global leader in predictive and generative AI for health. The aim of the collaboration is to create impactful products and programs for hyper-personalized health experiences. Leveraging the power of AI and wearable technology, the partnership intends to revolutionize wellness management by providing actionable insights and support for healthier lifestyles. The companies will combine Titan's user-centric design and wearable technology expertise with CueZen's AI-powered personalized recommendations to develop a new generation of smart wearables and services.

Google offers up to $340,000 as AI talent wars escalate in the US - The Economic Times

Economic Times

Economic Times · 13d ago

Google offers up to $340,000 as AI talent wars escalate in the US - The Economic Times

Google has restructured its compensation strategy to attract and retain top AI talent amidst intensifying competition with Meta and OpenAI. Software engineers can now earn base salaries up to $340,000, excluding substantial stock grants and bonuses. Rival firms, such as Meta and OpenAI, offer similarly lucrative packages, with total compensation potentially reaching over $1 million. This competitive pay reflects a broader tech industry trend to secure talent for developing advanced AI technologies and maintaining leadership in the sector.

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