US President Donald Trump has signed a regulation that should see Meta Pay around $ 25 million (20 million pounds sterling) to resolve a trial he brought in 2021 against the firm, according to the US BBC CBS.
The president continued the owner of Facebook and Instagram in 2021 for the suspension of his accounts after the riots of January 6 Capitol that year.
In July 2024, Meta raised the final restrictions on Trump’s Facebook and Instagram accounts in the American presidential elections.
Meta did not immediately respond to a request for comments from the BBC on this story, which was first reported by the Wall Street Journal.
According to American media, around $ 22 million in the regulation will go to a fund for the Trump’s presidential library.
The balance would be used to cover legal costs and other complainants who signed the trial. Meta will not admit reprehensible acts.
The company suspended Trump’s accounts in 2021 and said it would prohibit it from platforms for at least two years.
Twitter, which is now called X and held by Trump Ally Elon Musk, has also “permanent” the president of his platform.
After buying the company for $ 44 billion, Musk restored Trump’s account in 2022 after a survey, he ran to the site narrowly supported the move.
Wednesday, separately, Meta defended her investment of $ 65 billion in artificial intelligence (AI) after the technological actions were shaken following the sudden rise of the AI Chinese Deepseek application.
The chief executive, Mark Zuckerberg, told investors that there was a lot to learn from Deepseek, but it was too early to have “a very strong opinion” on what the application means for the future of the ‘Ia.
“If anything, I think that recent news has only reinforced our conviction that it is the right thing for us to concentrate,” he added.
Many American technological actions have flowed this week after Deepseek has increased in popularity, although Meta overthrew this trend by going up.
The action was increasing after the hours of negotiation after posting financial results better than expected on Wednesday.
However, questions remain on the progress of Chinese AI will mean for the US AI market, generally considering the claim of Deepseek that it was developed at a fraction of the cost of its American competitors.
Zuckerberg declared in a call to investors following the results on Wednesday that the rise of Deepseek had strengthened his conviction in the embrace of his company “Open-Source” IA.
Meta, Facebook parent company, Instagram and WhatsApp, has taken a different approach from many American companies by publishing an open source model for free.
On Wednesday, Zuckerberg said that he thought that the approach was important to keep the United States at the forefront, because countries around the world argue to become the main players in the still emerging industry.
“There will be an open source standard on a global scale and I think that for our own national advantage, it is important that it is an American standard,” he said.
“We take this seriously. We want to build the AI system that people around the world use.”
Meta last week announced that it planned to spend up to $ 65 billion this year to extend its IA infrastructure.
Zuckerberg acknowledged on Wednesday the current debate on the best way to lead AI investments, but told investors for his business, which serves billions of people worldwide, large investments made sense.
“I would bet that the ability to develop this type of infrastructure will be a major advantage-for the quality of the service and be able to serve the scale we want,” he said.
He said it would also be an essential year for the company in other areas, saying that it would be essential to determine whether sales of the company’s smart glasses will take off as hoped for.
Zuckerberg said he expects all glasses to be replaced by smart glasses in a decade, a prediction he repeated on Wednesday.
He also talked about plans to revive Facebook’s “cultural relevance”, the spectacle of social media which launched his fortune but which fell into disgrace compared to other offers such as Instagram and Tiktok.
Zuckerberg also defended his recently announced decision to end the verification of the facts, saying that he thought that community notes plans would be more effective.
He said that the company had seen advertisers’ requests following its changes.
He declared more than $ 48 billion in revenues in the last three months of 2024, up 21% compared to the same period in the previous year.
Although IA expenses have weighed on the company, it has always declared a quarterly profit of more than $ 20 billion, up 49% compared to a year ago.
