Ireland's Regulation Dampens Meta's AI Ambitions In Europe - Meta...
Meta has decided to halt the launch of its AI assistant, Meta AI, in Europe due to concerns raised by the Irish privacy regulator regarding the use of user data from Facebook and Instagram. This move comes after the Irish Data Protection Commission (DPC), acting as Meta's primary regulator in Europe, received requests from the advocacy group NOYB to investigate the company's data practices.
Regulatory Intervention
According to Reuters, the core issue that led to the regulator's intervention is Meta's intention to train its artificial intelligence models using personal data without explicit user consent. Meta had initially planned to use publicly available and licensed information for this purpose. In response to the DPC's concerns, Meta has agreed to postpone the training of its large language models (LLMs) with public content from adult users on Facebook and Instagram.
Impact on Technological Advancement
Meta's decision to postpone its AI assistant underscores the intricate relationship between technological progress and European data privacy regulations. The company reported a first-quarter revenue of $36.45 billion, marking a 27% year-over-year increase. Meta anticipates a rise in capital spending in the coming years to support its artificial intelligence roadmap.
Over the last 12 months, Meta's stock has surged by 83%. Investors interested in gaining exposure to the stock can consider options such as the Vanguard Communication Services ETF (VOX) and Communication Services Select Sector SPDR Fund (XLC). At the time of the last check, META shares were trading at $502.47, down by 0.22% on Friday.
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