Meta's GAAP net income for 9 months of 2022 was $18.547 billion, down 36.2% from $29.085 billion in the previous year. Revenue increased by 0.2% to $84.444 billion from $84.258 billion a year earlier.

Meta presented a study on the development of an AI model for decoding brain activity and converting it into speech. Researchers achieved an accuracy of 73%. In the future, scientists plan to increase the accuracy of identifying words and phrases. Meta's technology differs from similar developments in that it uses non-invasive methods of recording brain activ...

Meta will unveil a new virtual reality headset in October, CEO and founder Mark Zuckerber said. New headset will be equipped with the most advanced eye and face tracking features, which will allow the device to understand when people are smiling or frowning, their digital avatars will do the same in virtual reality.

FTC asked the Northern District Court of California to prohibit the purchase by Meta of Within Unlimited, a company that developed the VR fitness training service Supernatural. The department believes that Meta is thus trying to buy a share of the VR fitness apps market instead of competing fairly in it. A spokesperson for Meta called such grounds for bannin...