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Meta said Monday that the transaction "complied fully with applicable law" and that it anticipates "an appropriate resolution to the inquiry."(Image credit: Jeff Chiu/AP)

Government’s draft news bargaining incentive scheme includes 2.25% levy on local revenues of digital giantsAnthony Albanese has urged Google, Meta and TikTok to make deals with Australian media outlets to avoid a dedicated 2.25% levy on local revenues, warning digital giants should not be able to exploit the work of journalists to boost profits.Releasing an exposure draft for the government’s news bargaining incentive (NBI) scheme on Tuesday, the prime minister said platforms who sign new deals with publishers to pay for news content would receive offsets of between 150% to 170% from the new levy. Continue reading...

• China's National Development and Reform Commission prohibited Meta's acquisition of Singapore-based AI startup Manus on April 27, 2026, requiring all parties to withdraw. • Manus, with Chinese roots, was targeted in a security review of foreign investment despite Meta's compliance claims from its California headquarters. • The decision heightens US-China tech tensions, impacting Meta's AI expansion and cross-border M&A in semiconductors and intelligence tools.

Meta to lay off 10% of its staff and Microsoft to offer retirement to 7% of US workforce. Plus, Iron Maiden at 50Good morning.Meta and Microsoft are cutting thousands of employees as they bet big on AI and executives claim that the technology is meeting productivity needs.What have they said about AI? Mark Zuckerberg said in January that AI was making some hiring unnecessary. Mustafa Suleyman, Microsoft’s AI chief, said in February that he believed AI would be able to replace most white-collar work within the next 12 to 18 months.How many tech layoffs have there been in 2026? In four months, more than 92,000 employees in the industry have lost their jobs, according to the tracker Layoffs.fyi. But some experts believe companies may be “AI washing” – using it as cover for a slowing labor market and demand or rising costs. Continue reading...

• Scale AI raised $2.5 billion in fresh funding on April 19, 2026, at a $15 billion valuation, backed by Meta and Tiger Global. • Capital expands US data annotation workforce to 50,000, focusing on synthetic data for autonomous vehicles and LLMs. • Funding counters labor-intensive bottlenecks in AI training, vital for US competitiveness.

• Meta released Llama 4 on April 20, 2026, a 2 trillion parameter multimodal AI model trained on 15 petabytes of US-centric data. • The model outperforms GPT-4o on benchmarks like MMLU (92% score) and supports vision-language tasks for enterprise apps. • Open-sourcing aims to spur US AI innovation, with downloads exceeding 500,000 in first hours via Hugging Face.

Social media corporation terminated Sama contract after allegations its staff viewed private scenes filmed by Meta’s smartglassesMore than 1,000 low-paid workers in Kenya have been abruptly sacked by an outsourcing company for the US social media corporation Meta, in what activists said was a “shocking” move exposing the precariousness of global south tech workers.Sama, a company based in Nairobi to which Meta outsourced content moderation and AI training work, announced on Thursday that the workers were being laid off after Meta terminated a contract. That came in the after reports some of the Kenyan workers involved in data annotation were asked to view content filmed by the company’s AI smart glasses showing wearers using the toilet or having sex. Continue reading...