Facebook owner Meta Platforms (META) is reportedly looking to buy South Korean AI chip startup FuriosaAI as the race to develop innovative

Seoul-based FuriosaAI was founded in 2017 and is led by June Paik, who previously worked at Samsung Electronics and AMD.

Meta (NASDAQ:META) is reportedly in negotiations to acquire South Korean AI chip startup FuriosaAI, according to a report by Forbes on Tuesday, citing sources familiar with the matter. The deal could potentially be finalized within this month.

In an open letter, CEO Jonah Peretti calls out TikTok and Meta for prioritizing AI tech over content and says people miss the mid-2010s "'beer and wine' era of the internet."

Ironically, in a memo regarding his social media plans Peretti identifies AI as one of the problems at competitor companies like ByteDance (which owns TikTok) and Meta (which owns Facebook). “Having a job at Meta is beginning to feel like being a UBI recipient,

BuzzFeed plans on launching a new social platform “built specifically to spread joy and enable playful creative expression.” In a blog post published on Tuesday, BuzzFeed co-founder and CEO Jonah Peretti highlights the “growing discontent” with platforms using AI-driven algorithms to keep users glued to their screens,