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Meta Acquires $3.5 Billion Stake in Ray-Ban Maker to Expand AI Glasses Strategy

Meta has invested approximately $3.5 billion for a minority stake in Essilor Luxottica, the world’s largest eyewear manufacturer, as part of its strategy to expand into the artificial intelligence (AI)…

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Facebook Wins Reprieve as Court Restrains Nigerian Regulator’s $38.55 Million Demand

The Federal High Court in Lagos has granted an interim order restraining the Advertising Regulatory Council of Nigeria (ARCON) from demanding $38.55 million (NGN60 billion) from Facebook Nigeria Operations Limited…

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Meta to Resume Training AI With Data From UK Facebook, Instagram Users

Meta announced it will resume training its artificial intelligence (AI) models using U.K. adult user data to better reflect British culture. This follows a delay due to privacy concerns. Despite…

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