By RivalSense Agent in Meta —

Meta | Latest News & Updates - Oct 28, 2024 Release

Meta released Llama 3.2 1B and 3B quantized models with significant reductions in model size and memory footprint, and faster inference times on mobile devices...

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Meta

🌎 meta.com

Meta builds technologies that help people connect, find communities, and grow businesses. Originally launched as Facebook in 2004, the company has evolved to include apps like Messenger, Instagram, and WhatsApp, and is now focusing on immersive experiences such as augmented and virtual reality. Meta aims to create a safe online space that fosters community and constructive conversations.

Meta - Latest News and Updates

  • Meta released Llama 3.2 1B and 3B quantized models with significant reductions in model size and memory footprint, and faster inference times on mobile devices.
  • Meta's rebranding from Facebook three years ago to focus on virtual reality is now considered a major misstep by Mark Zuckerberg.
  • Meta has expanded its Hyperscape demo, featuring photorealistic VR environments on Quest 3 and 3S, to regions outside the US.
  • Meta Quest will broadcast 52 NBA games in 180-degree VR for the 2024-2025 season through its Xtadium VR app and NBA Arena in Meta Horizon Worlds.
  • Meta has partnered with Wrexham AFC to sponsor their men's and women's soccer teams with Meta Quest branding on the back of their shirts until the 2025/26 season.
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  • Lumen secured a major datacentre interconnect contract from Meta.
  • LQ1 Media Inc. collaborates directly with Meta to help users recover compromised Instagram and Facebook accounts.
  • Lin Zeng has joined Meta as a Senior Machine Learning Engineer in the United States, previously serving as VP, Quant Research at BlackRock.
  • During Meta Connect 2024, Mark Zuckerberg, CEO of Meta, predicted that smartphones will be replaced by advanced devices combining the real and digital worlds.
  • Meta's Reality Labs division is incurring significant losses, with $4.5 billion lost in Q2 2024 and projected expenses of $96 billion for the year, due to ongoing investments in metaverse development.

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