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How Much Traffic do you Really Need?

Meta, Sued By US Startup For Stealing Its Trade Secrets, To Face Trial [Video]

Venture Capital

Meta Platforms Inc lost a bid on Monday to end a lawsuit in Boston federal court claiming it stole confidential information from artificial-intelligence startup Neural Magic Inc.

Meta will have to face a trial over accusations that it took Neural Magic’s “breakthrough” algorithms that enable AI systems to process information more quickly, US District Judge Denise Casper said.

The court also allowed testimony from an expert who said Meta owes Neural Magic as much as $766 million in royalties.

Representatives for Meta and Neural Magic did not immediately respond to requests for comment on the decision. The trial is currently set to begin in September.

Somerville, Massachusetts-based Neural Magic was founded by two former Massachusetts Institute of Technology researchers. Its investors include venture capital firm Andreessen Horowitz, VMware, Comcast and Verizon, according to its website.

Neural Magic sued Meta, then known as Facebook, in 2020 for allegedly stealing algorithms that …

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5 Ways to Make Push Marketing Work for You