The company said it is reducing its headcount by 20%, or about 630 staff, to "support a leaner, more focused operating model" as it focuses on its AI Work Platform.
With the new "Replace Audio" tool, users can update the music on their post at any time while keeping the post's existing likes, comments, shares, and reach intact.
Prosecutors accused 21-year-old student Zyaire Wilkins of publishing on Steam several fake video games that contained malware, infecting thousands of victims, and stealing crypto from some of them.
The updates come as Meta and other tech companies are facing scrutiny from regulators and parents around how AI chatbots respond to users in crisis, particularly teenagers.
"Our intent was to provide a useful creative tool and to give people control over whether their public content could be referenced in this way," the company said in a blog post. "We've heard the feedback that this feature missed the mark, so it's no longer available."
The tech giant is in breach of the Digital Services Act by focusing on features like infinite scroll, autoplay, push notifications, and the highly personalized recommendation algorithms, the European Commission said.
The company is using the cash to open an office in the Bay Area and compete for talent there, "strengthening its position at the heart of the world's leading AI ecosystem."
Muse Image allows users to generate AI images using photos from public Instagram accounts. As long as a person's profile is public, another user can tag that account and use their images as part of an AI-generated creation.
Having proven how valuable compute can be, the company finds itself at the center of a market everyone wants to be in β while simpler technologies and less interesting companies get rich on the sidelines.
For Paradigm, the technical frontier will stretch beyond its cryptocurrency investment roots. This fund is expected to expand its investment focus to include robotics and AI.
Apple has signed a $30 billion+ multiyear deal with Broadcom to design and produce more than 15 billion U.S.-made custom wireless connectivity chips for Apple products.Β