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Companies Unite Against Pig Butchering Scams
Match Group, the developer of popular dating services, has joined forces with the crypto exchanges Coinbase, Kraken, Gemini, and Meta (Facebook and Instagram) in a new initiative called Tech Against Scams. Together, they aim to combat the Pig Butchering scam, which involves building fake online relationships to steal assets. 
AI in the Spotlight: Meta Introduces Mandatory Labeling
Meta, overseeing platforms like Facebook and Instagram, is set to implement a policy requiring users to tag all content generated by artificial intelligence. An automatic detection system for identifying such AI-created images, videos, and audio in posts is also in the pipeline. Meta Channels Billions into AI Innovation
Meta founder Mark Zuckerberg has announced his company's hefty investment in Nvidia graphics cards, pouring billions into the development of artificial general intelligence (AGI). This AI aims to execute tasks with human-like proficiency. Zuckerberg anticipates Meta's inventory of H100 graphics cards to reach 350,000 units by the end of 2024. FTC orders AI chatbot firms to disclose child‑safety practices
The US Federal Trade Commission (FTC) sent compulsory 6(b) orders to seven AI chatbot operators, including OpenAI, Alphabet, Meta, xAI, Snap, Character Technologies and Instagram, demanding details on how their bots handle minors, monetize engagement and mitigate harm. Meta Tests Celebrity Facial Recognition Features
Meta, материнская компания Facebook и Instagram, сообщила о внедрении технологии распознавания лиц. Meta, the parent company of Facebook and Instagram, has unveiled its new facial recognition technology. The tool is designed to solve two critical issues: detecting fake ads featuring deepfake celebrities and assisting users in recovering hacked accounts.FTC Takes Aim at Social Media’s Data Harvesting
The U.S. Federal Trade Commission (FTC) criticized several social media companies, including Meta, Google, and ByteDance, for collecting and processing user data without sufficient oversight or transparency. The collected data often includes age, gender, language, income, and other information of interest to advertisers. Tech Giants Join Forces to Shield Children from AI's Reach
Artificial intelligence developers including OpenAI, Anthropic, Stability AI, Google, Meta, and Microsoft have pledged to bolster security measures to protect children during the development and deployment of AI models. This effort is spearheaded by the nonprofits All Tech Is Human and Thorn, dedicated to child safety. 
Meta Releases Llama 3
Meta has introduced two new open-source LLMs from its Llama 3 series, available in various parameter configurations (8B/70B). Developers are inviting the global community to actively engage in testing and developers to assist in identifying any potential flaws or critical bugs. The First-Ever VR Horror Series Set to Debut
Meta, Crypt TV, and ShinAwiL Studio have joined forces to launch an immersive horror experience with the multi-episode VR series, "The Faceless Lady." The creators promise to revolutionize the interactive horror genre, elevating it to a new level of engagement. 