Meta Virtual Money Moves Could Include 'Zuck Bucks'

Meta labs are working on tech innovations aimed at creating realistic virtual worlds in the metaverse. JUSTIN SULLIVAN GETTY IMAGES NORTH AMERICA/AFP/File
Meta labs are working on tech innovations aimed at creating realistic virtual worlds in the metaverse. JUSTIN SULLIVAN GETTY IMAGES NORTH AMERICA/AFP/File
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Meta Virtual Money Moves Could Include 'Zuck Bucks'

Meta labs are working on tech innovations aimed at creating realistic virtual worlds in the metaverse. JUSTIN SULLIVAN GETTY IMAGES NORTH AMERICA/AFP/File
Meta labs are working on tech innovations aimed at creating realistic virtual worlds in the metaverse. JUSTIN SULLIVAN GETTY IMAGES NORTH AMERICA/AFP/File

Facebook's parent company Meta is exploring the potential of digital money referred to internally as "Zuck Bucks" in a play on the founder's name, the Financial Times reported Wednesday.

Meta abandoned its effort to create a global cryptocurrency -- first called Libra but eventually re-branded as Diem -- in the face of fierce backlash by financial regulators around the world.

However, founder and chief Mark Zuckerberg has spoken about the importance of e-commerce and financial tools to his vision for an immersive online world called the metaverse.

"We continuously consider new product innovations for people, businesses, and creators," a Meta spokesperson said in response to an AFP inquiry.

"As a company, we are focused on building for the metaverse and that includes what payments and financial services might look like."

The spokesperson would not comment on specific innovations being pursued.

Products being considered at Meta include digital tokens similar to those used for transactions in video games, with the internet company's version nicknamed "Zuck Bucks" by those working on it, according to the Financial Times.

Popular games such as "Fortnite" and "Roblox" use tokens for transactions.

The tokens could potentially be used to reward creators and influencers whose posts draw online audiences.

Meta is looking to diversify its revenue beyond a reliance on targeted advertising that has provoked concerns about invading users' privacy.



TikTok Users Top 200 Million in Europe, Firm Says

The TikTok logo is seen on a mobile phone in front of a computer screen which displays the TikTok home screen, Oct. 14, 2022, in Boston. (AP)
The TikTok logo is seen on a mobile phone in front of a computer screen which displays the TikTok home screen, Oct. 14, 2022, in Boston. (AP)
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TikTok Users Top 200 Million in Europe, Firm Says

The TikTok logo is seen on a mobile phone in front of a computer screen which displays the TikTok home screen, Oct. 14, 2022, in Boston. (AP)
The TikTok logo is seen on a mobile phone in front of a computer screen which displays the TikTok home screen, Oct. 14, 2022, in Boston. (AP)

TikTok has more than 200 million monthly users in Europe, or roughly one in three citizens on the continent, the short video app platform said on Friday, the latest sign of its rapid growth among teenagers.

That is up from 175 million people last year, among users in 32 European countries. TikTok, owned by Chinese technology behemoth ByteDance, has more than 1 billion users globally who visit monthly, a spokesperson said.

While the company has faced regulatory challenges worldwide, it has faced particular ire from US President Donald Trump, who is pushing for divestment of its assets there, reported Reuters.

In Europe, TikTok was fined 530 million euros ($600 million) by its lead EU privacy regulator in May.

ByteDance is set to launch a employee share buyback that will value the Chinese firm at more than $330 billion, Reuters reported in late August.


Europe's Fastest Supercomputer to Boost AI Drive

Jupiter is housed in a center covering some 3,600 meters (38,000 square feet) -- about half the size of a football pitch -- containing racks of processors, and packed with about 24,000 Nvidia chips, which are favored by the AI industry. Thomas SAMSON / AFP/File
Jupiter is housed in a center covering some 3,600 meters (38,000 square feet) -- about half the size of a football pitch -- containing racks of processors, and packed with about 24,000 Nvidia chips, which are favored by the AI industry. Thomas SAMSON / AFP/File
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Europe's Fastest Supercomputer to Boost AI Drive

Jupiter is housed in a center covering some 3,600 meters (38,000 square feet) -- about half the size of a football pitch -- containing racks of processors, and packed with about 24,000 Nvidia chips, which are favored by the AI industry. Thomas SAMSON / AFP/File
Jupiter is housed in a center covering some 3,600 meters (38,000 square feet) -- about half the size of a football pitch -- containing racks of processors, and packed with about 24,000 Nvidia chips, which are favored by the AI industry. Thomas SAMSON / AFP/File

Europe's fastest supercomputer Jupiter is set to be inaugurated Friday in Germany with its operators hoping it can help the continent in everything from climate research to catching up in the artificial intelligence race.

Here is all you need to know about the system, which boasts the power of around one million smartphones.

What is the Jupiter supercomputer?

Based at Juelich Supercomputing Center in western Germany, it is Europe's first "exascale" supercomputer -- meaning it will be able to perform at least one quintillion (or one billion billion) calculations per second.

The United States already has three such computers, all operated by the Department of Energy.

Jupiter is housed in a center covering some 3,600 meters (38,000 square feet) -- about half the size of a football pitch -- containing racks of processors, and packed with about 24,000 Nvidia chips, which are favored by the AI industry.

Half the 500 million euros ($580 million) to develop and run the system over the next few years comes from the European Union and the rest from Germany.

Its vast computing power can be accessed by researchers across numerous fields as well as companies for purposes such as training AI models.

"Jupiter is a leap forward in the performance of computing in Europe," Thomas Lippert, head of the Juelich center, told AFP, adding that it was 20 times more powerful than any other computer in Germany.

How can it help Europe in the AI race?

Lippert said Jupiter is the first supercomputer that could be considered internationally competitive for training AI models in Europe, which has lagged behind the US and China in the sector.

According to a Stanford University report released earlier this year, US-based institutions produced 40 "notable" AI models -- meaning those regarded as particularly influential -- in 2024, compared to 15 for China and just three for Europe.

"It is the biggest artificial intelligence machine in Europe," Emmanuel Le Roux, head of advanced computing at Eviden, a subsidiary of French tech giant Atos, told AFP.

A consortium consisting of Eviden and German group ParTec built Jupiter.

Jose Maria Cela, senior researcher at the Barcelona Supercomputing Center, said the new system was "very significant" for efforts to train AI models in Europe.

"The larger the computer, the better the model that you develop with artificial intelligence," he told AFP.

Large language models (LLMs) are trained on vast amounts of text and used in generative AI chatbots such as OpenAI's ChatGPT and Google's Gemini.

Nevertheless with Jupiter packed full of Nvidia chips, it is still heavily reliant on US tech.

The dominance of the US tech sector has become a source of growing concern as US-Europe relations have soured.

- What else can the computer be used for? -

Jupiter has a wide range of other potential uses beyond training AI models.

Researchers want to use it to create more detailed, long-term climate forecasts that they hope can more accurately predict the likelihood of extreme weather events such as heatwaves.

Le Roux said that current models can simulate climate change over the next decade.

"With Jupiter, scientists believe they will be able to forecast up to at least 30 years, and in some models, perhaps even up to 100 years," he added.

Others hope to simulate processes in the brain more realistically, research that could be useful in areas such as developing drugs to combat diseases like Alzheimer's.

It can also be used for research related to the energy transition, for instance by simulating air flows around wind turbines to optimize their design.

Does Jupiter consume a lot of energy?

Yes, Jupiter will require on average around 11 megawatts of power, according to estimates -- equivalent to the energy used to power thousands of homes or a small industrial plant.

But its operators insist that Jupiter is the most energy-efficient among the fastest computer systems in the world.

It uses the latest, most energy-efficient hardware, has water-cooling systems and the waste heat that it generates will be used to heat nearby buildings, according to the Juelich center.


Google Services Were Down in Türkiye, Parts of Europe

FILE - The Google logo sits on the company's headquarters in Mountain View, Calif., July 19, 2016. (AP Photo/Marcio Jose Sanchez, File)
FILE - The Google logo sits on the company's headquarters in Mountain View, Calif., July 19, 2016. (AP Photo/Marcio Jose Sanchez, File)
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Google Services Were Down in Türkiye, Parts of Europe

FILE - The Google logo sits on the company's headquarters in Mountain View, Calif., July 19, 2016. (AP Photo/Marcio Jose Sanchez, File)
FILE - The Google logo sits on the company's headquarters in Mountain View, Calif., July 19, 2016. (AP Photo/Marcio Jose Sanchez, File)

Some Google services including YouTube temporarily went down on Thursday in Türkiye and some parts of Europe including Greece and Germany, according to a Turkish deputy minister, internet monitors and users in the regions.

The Freedom of Expression Association, which monitors local censorship on the internet, said the outage on Alphabet's Google began around 10:00 a.m. (0700 GMT) in Türkiye.

Tracking website Downdetector said services were mostly restored before 0900 GMT, with the number of reports of service disruptions decreasing from 0751 GMT onward.

Google did not immediately respond to an emailed request for comment on the matter. Türkiye’s cyber security watchdog has requested a technical report from Google, deputy transport and infrastructure minister Omer Fatih Sayan said on X.

A map posted by Sayan showed Türkiye, large parts of southeast Europe, and some locations in Ukraine, Russia and western Europe as affected.

There were sporadic outages in Greece, Bulgaria, Serbia and Romania, including problems accessing websites, YouTube and some phone contacts linked to Gmail, users there said.

In Germany, outage tracking website allestoerungen.de, a division of US-based Ookla, reported an uptick in Google disruptions from around 09:00 a.m.