FOX Business Briefs 6/24
RPT: Audi weighs $4.6B U.S plant to avoid tariffs; Official: L.A. anti-ICE riots cost taxpayers $30M+; WSJ: Meta luring tech experts for new super-intelligence lab; Amazon: Beauty will be a big seller for Prime Day
Meta unveils AI-powered glasses that translate languages in real time
FOX Business correspondent Madison Alworth reports on Meta’s new AI-integrated smart glasses that can translate multiple languages in real time.
OpenAI CEO accuses Meta of offering $100 million bonuses to poach employees
Sam Altman claims Meta has attempted to poach OpenAI staff with massive bonuses as high as $100 million as the Facebook owner works to build its superintelligence unit.
Meta's Zuckerberg aiming to dominate AI race with recruiting push for new ‘superintelligence’ team: report
Meta CEO Mark Zuckerberg is reportedly building a superintelligence team to develop artificial general intelligence, recruiting 50 experts amid competition with OpenAI and Google.
Meta signs 20-year nuclear power deal with Constellation
Meta Platforms has entered a deal to purchase nuclear power from Constellation Energy Corporation’s Clinton Clean Energy Center in Illinois, the company announced Tuesday.
Trump's Golden Dome won't be 'as expensive,' will be 'much more effective' than critics believe: Palmer Luckey
Anduril Industries founder Palmer Luckey details the recent partnership with Meta, technology boosting border security, collaboration on the 'Golden Dome' and military space capabilities in an exclusive 'Mornings with Maria' interview.
Amazon, Meta can handle 'market challenges' better than most, investor says
Evercore ISI senior managing director Mark Mahaney analyzes Amazon's earnings and explains why he raised his Meta price target on 'Varney & Co.'
Robby Starbuck says it's too late for Meta to apologize after AI chatbot allegedly defamed him
Robby Starbuck is demanding "serious change" at Meta after launching a lawsuit alleging its chatbot defamed him.
Robby Starbuck sues Meta, claiming AI chatbot defamed him
Anti-DEI crusader Robby Starbuck is suing Meta after its AI chatbot allegedly defamed him by falsely claiming he participated in the Jan. 6 Capitol riot.
EU hands Apple, Meta massive fines despite warnings from Trump
The European Union fined Apple $570 million and Meta $228 million for violating the Digital Markets Act, a piece of legislation aimed at curbing Big Tech.
FTC could be in trouble as Meta antitrust trial enters second week, expert says
The Meta antitrust trial brought forth by the Federal Trade Commission (FTC) is entering its second week, with experts growing skeptical of the agency's case.
Sheryl Sandberg says Meta considered blocking competitors' ads in landmark antitrust trial
Former Meta Chief Operating Officer Sheryl Sandberg's testimony reveals the company contemplated restricting competitor access to its platform.
FTC chair weighs in on Meta antitrust trial
Federal Trade Commission (FTC) Chairman Andrew Ferguson weighed in on the agency’s antitrust case against social media giant Meta Platforms in a Monday appearance on “Mornings with Maria."
Whistleblower tells Senate committee that Meta undermined US national security to cozy up to China
A whistleblower on Wednesday told a Senate committee that Meta repeatedly undermine U.S. national security in an effort to win favor with China.
Meta undermined US national security, whistleblower will testify
Meta whistleblower Sarah Wynn-Williams will testify before senators that Mark Zuckerberg's company undermined national security through its ties to China.
UFC and Meta agree to 'multi-year' partnership that includes exclusive content
Meta Platforms will serve as UFC's first 'Official Fan Technology Partner' after the tech company and UFC inked a 'multi-year' partnership. The partnership was announced Wednesday.
Meta global affairs chief says decision not to offer Instagram, Facebook in China helps defend free expression
Joel Kaplan, Meta's chief global affairs officer, says the company's decision to not operate services in China helps to reinforce Meta's free expression values.
Meta approves bonuses of up to 200% for company execs as it lays off workers
Meta, the parent company of Facebook and Instagram, announced that it approved a change to its bonus policy for executives other than the CEO that will raise payouts from 75% to 200%.
Meta announces 'world's longest subsea cable project,' says it will be longer than the globe's circumference
Meta announces plans for massive subsea cable project that will reach five continents and be longer than the circumference of the planet.
Entrepreneurs not on Instagram and Facebook are ‘leaving money on the table,’ says Rob Luna
Rob Luna Enterprise CEO Rob Luna gives his take on Meta’s market success and gives investment advice on ‘Making Money.’