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Despite Data Scandals And Privacy Issues Facebook Stock At All-Time High

The Times reported that Facebook has won exclusive rights to show all 380 live matches in parts of Asia

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Facebook plans sprawling office near Microsoft headquarters. IANS

Despite the massive Cambridge Analytica data scandal and a couple of users’ privacy issues owing to internal bugs, Facebook stock closed at an all-time record high of $203.23 on Friday.

Investors are loving the social network more than ever that saw its stocks dipping earlier in 2018 when it was under an intense probe over data breach from the US and European governments, Fortune reported.

Investors are also happy at the news that Facebook has grabbed its biggest sports streaming deal yet with the Premier League, reports IANS.  The Times reported that Facebook has won exclusive rights to show all 380 live matches in parts of Asia — Thailand, Vietnam, Cambodia and Laos — from 2019 until 2022, in a deal worth about $264 million.

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Investors are also happy at the news that Facebook has grabbed its biggest sports streaming deal yet with the Premier League. Pixabay

Since going public in 2012, Facebook has seen its stock rise more than 400 per cent.  In the latest privacy goof-up, Facebook admitted that over 800,000 users were affected by a bug on its platform and Messenger that unblocked some people the users had blocked.   The bug was active between May 29 and June 5 — and while someone who was unblocked could not see content shared with friends, they could have seen things posted to a wider audience, said Facebook.

Also readFacebook Shuts Down Three of its Apps

Facebook has already been grappling with privacy issues like the Cambridge Analytica data scandal involving 87 million users and another bug that changed 14 million users’ privacy setting defaults to public. (IANS)

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Facebook To Come Up With Its Own AI Chip

"Facebook has been known to build its hardware when required -- build its own ASIC, for instance. If there's any stone unturned, we're going to work on it," Forbes quoted LeCun as saying in the interview on Monday.

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The internet has helped financial platforms attract money from financial novices with little knowledge of the risks involved. Pixabay

Facebook intends to develop its own Artificial Intelligence (AI) chips to facilitate faster computing needed to achieve new AI breakthroughs like digital assistants with common sense, said a media report.

In an interview with The Financial Times, Facebook’s chief AI scientist, Yann LeCun indicated that the social networking giant is already developing its own custom application-specific integrated circuit (ASIC) chips to support its AI software.

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While Facebook prepares to work on its own AI chips, the company wishes to work with the existing chip-makers, the report added. Pixabay

“Facebook has been known to build its hardware when required — build its own ASIC, for instance. If there’s any stone unturned, we’re going to work on it,” Forbes quoted LeCun as saying in the interview on Monday.

While Facebook prepares to work on its own AI chips, the company wishes to work with the existing chip-makers, the report added.

Also Read: Is Mammography Test to Spot Breast Cancer Necessary At All? Find out Here

According to a report by Fortune, LeCun will outline his vision for AI’s future in a new research paper he is expected to present at the International Solid State Circuits Conference in San Francisco on February 25. (IANS)