Meta Llama 3.1 405B Unveiled as Meta’s Largest Open Source AI Model, Surpassing OpenAI’s GPT-4o
Meta has also introduced enhanced versions of its Meta Llama 3 8B and 70B models alongside the 405B release. Devamını Oku
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Instagram Permanently Deletes Some Users’ Story Archives Due to Bug
On Wednesday, Instagram users received unsettling notifications: certain photos and videos from their Stories archives have been permanently deleted. The app displayed messages such as “This story is no longer available” and “Due to a technical issue, this story is no longer available. While we’ve since fixed this issue, your story can’t be restored.”
Meta, Instagram’s parent company, confirmed that the deletion was caused by a bug that has now been fixed, but it is unable to restore the lost content. The company declined to disclose the number of affected users but assured that the error message would be resolved by July 2025.
Instagram Stories are typically ephemeral, disappearing after 24 hours, but users often save them to their Story Archives or Highlights. These archives can serve as a digital diary, including everything from memes to vacation photos. Unlike regular photos, Instagram Stories are not automatically saved to users’ camera rolls unless manually set, making the archives a primary storage for many.
This incident highlights the importance of backing up important media outside of a single platform to avoid such losses in the future.
Meta Shares Surge 6% on Strong Q2 Earnings and Positive Revenue Forecast
Meta shares jumped 6% on Thursday after the company reported second-quarter earnings that exceeded Wall Street’s expectations and provided an optimistic revenue forecast.
Key Figures:
• Revenue: $39.07 billion (up 22% from $32 billion a year earlier; analysts expected $38.31 billion)
• Net Income: $13.47 billion, or $5.16 per share (up 73% from $7.79 billion, or $2.98 per share; analysts expected $4.73 per share)
Meta expects third-quarter revenue between $38.5 billion and $41 billion, surpassing the average analyst estimate of $39.1 billion.
CEO Mark Zuckerberg and CFO Susan Li highlighted the benefits of Meta’s investments in artificial intelligence (AI), noting improvements in content recommendations and advertising effectiveness. Analysts at Baird and Bank of America emphasized Meta’s strong AI-related performance and growth potential in ad conversions, digital assistants, and multimodal content creation.
Meta’s capital expenditures for the year are projected to be between $37 billion and $40 billion, up from the previous low-end estimate of $35 billion. Analysts at Barclays praised Meta’s execution pace in digital advertising and anticipated new AI-driven products.