Large Fine Imposed on Meta for Data Privacy Violation; Microsoft Defeats Opponents to Acquisition; OpenAI Emulates Wikipedia


Facebook parent company Meta was recently slapped with a record $1.3 billion fine by the European Union over data transfer to U.S. The social media giant had argued that it would affect Europeans’ access to its services, but an appeal was rejected on this issue. Meta has 17 out of its 21 data centres located in the U.S and many companies like TikTok also rely on overseas data transfers.

Microsoft recently scored a victory when a U.S. judge stopped a group of gamers from blocking its planned acquisition of Activision Blizzard. The gamers had argued that the merger would be harmful for competition, but Microsoft had disagreed citing that it would be positive for gamers. The formidable $69 Billion deal had also faced resistance in the UK, the U.S, the EU, China and South Korea.

At a recently held AI Forward event in San Francisco, OpenAI President Greg Brockman discussed topics like AI policies and regulation. He proposed the idea of a regulatory body to ensure safety standards and mentioned taking a cue from Wikipedia’s model of editing articles to ensure uniformity of viewpoints. Brockman also urged governments to create a framework for developing AI products without causing harm.

Meta is the parent company of widely popular social media platform, Facebook. Founded by Mark Zuckerberg in 2004, Facebook has become one of the largest platforms for online communication and news. The company was founded with the vision of connecting the world and has been constantly expanding its influence and capabilities in the tech field.

Greg Brockman is the President of OpenAI, a chatbot developer. He is also the co-founder of Stripe, a payment processor. Brockman has extensive experience in the world of product development and business management, and is constantly looking for ways to innovate in the field of computer science. He regularly speaks on various topics related to AI and Machine Learning, advocating for proper regulations to ensure safety and protect user privileges.

See also  CEO Discusses AI Robot Security Guards, Bartenders & Nurses Funded by OpenAI

Frequently Asked Questions (FAQs) Related to the Above News

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

Share post:



More like this

Meta’s AI Revolution in Advertising: A Lucrative Investment Opportunity

Meta's AI Revolution in Advertising: Discover a lucrative investment opportunity with Meta Platforms leading the way in AI innovation for advertising.

CoinAI Raises $415,000 in 48-Hour Presale Frenzy

CoinAI raises $415,000 in 48-hour presale frenzy, showcasing the growing interest in AI-driven solutions in cryptocurrency trading.

AI Revolutionizing Every Industry: Global Impact Unveiled

Discover how AI is revolutionizing industries worldwide, boosting efficiency, driving innovation, and creating new growth opportunities.

Insta360 Launches Game-Changing X4 360-Degree Action Cam in Stunning 8K Resolution

Discover the power of the Insta360 X4: an 8K 360-degree action cam with advanced AI chip, reframing feature, and stunning image quality.