'Google Withholds AI Chatbot As Meta Runs Ads Opposing New Law' - BNN Bloomberg
Portfolio Pulse from Happy Mohamed
Google has decided not to allow its new AI chatbot, Bard, to be used in Canada due to regulatory uncertainty related to the Online News Act. The law will require tech companies to compensate Canadian news outlets for content shared on their platforms. Meanwhile, Meta has started an ad campaign on Facebook to criticize the law and explain why it's removing news from the platform.
July 17, 2023 | 7:46 pm
News sentiment analysis
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NEGATIVE IMPACT
Google's decision to withhold its AI chatbot in Canada due to regulatory issues may limit its market expansion and potential revenue in the region.
Google's decision to withhold its AI chatbot in Canada due to the new Online News Act could limit its market expansion and potential revenue in the region. This could negatively impact the company's stock in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Meta's ad campaign against the Online News Act indicates its opposition to the law, which could lead to potential conflicts with Canadian regulators.
Meta's ad campaign against the Online News Act shows its opposition to the law. This could lead to potential conflicts with Canadian regulators, which could negatively impact the company's stock in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70