The Nigeria Data Protection Commission (NDPC) and Meta Platforms, Inc., will, on Nov. 3, adopt the terms of settlement in the dispute on the $32.8 million fine imposed against the latter by the regulatory agency. Justice James Omotosho of the Federal High Court on Friday in Abuja fixed the date following the inability of Meta’s […]
In a move that could redefine how global tech giants engage with African regulators, the Nigerian government and Meta Platforms Inc. have reached an out-of-court agreement to settle a $32.8 million fine imposed on the company by the Nigeria Data Protection Commission (NDPC). The decision marks a turning point in Nigeria’s push to assert regulatory […]
BY MOTOLANI OSENI Meta Platforms Inc., the parent company of Facebook and Instagram, is in advanced discussions with major private capital firms to raise up to $29 billion to fund its ambitious push into artificial intelligence infrastructure. According to the Financial Times, Meta is engaging top private credit investors, including Apollo Global Management, KKR, Brookfield, […]
Meta has taken a major leap in the artificial intelligence race with the introduction of its most advanced language models to date—Llama 4 Scout, Llama 4 Maverick, and the preview of the powerhouse Llama 4 Behemoth—setting a new standard in AI capabilities. Over the weekend, CEO Mark Zuckerberg announced the rollout of these models, now […]
By Godwin Anyebe Meta launched Threads, its Instagram text-based platform that’s poised to rival Twitter, without ads. But Meta reps are in close conversations with ad agencies and brands about how the platform will work and has shared a presentation with several agencies outlining how Threads could potentially become the new Twitter. In the presentation, […]
By Temitope Adebayo Meta has officially launched the Meta Non-profit training program, a digital capacity building program for 1,500 non-profit personnel across Anglophone West Africa. At the event which took place in Lagos recently, Meta also announced its support for Geda Digital training, a six month Social Innovators Bootcamp Program for Non-Governmental Organisations (NGOs). These […]
Companies already listed as signatories to the code of practice include Facebook (now called Meta), Google, Twitter, and TikTok. Indications are rife that Tech firms could face multi-billion dollar fines if they fail to comply with the EU code of conduct, following “manipulative behaviours” on their platforms. This includes; deepfakes and fake accounts, which could […]
Shares of Meta Platforms Inc (FB.O) rose marginally in premarket trading on Friday after social media giant Facebook rebranded itself to build the “metaverse”, a shared virtual environment. Chief Executive Officer Mark Zuckerberg said on Thursday the new name reflects the company’s work invested in the metaverse, rather than its namesake social media service, which […]