Snapchat's AI Chatbot Faces UK Regulatory Hurdle Over Privacy Concerns
Portfolio Pulse from Anusuya Lahiri
Snap Inc, the company behind Snapchat, has received a preliminary enforcement notice from the U.K.'s Information Commissioner's Office (ICO) due to privacy concerns related to its My AI chatbot. The ICO's investigation found that Snap may not have sufficiently identified and assessed privacy risks to children and other users before launching the chatbot. If a final notice is issued, it could halt data processing linked to My AI. Snap defended its privacy protocols and is reviewing the ICO's decision.
October 06, 2023 | 1:34 pm
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Snap Inc faces a potential regulatory hurdle in the UK due to privacy concerns related to its My AI chatbot. This could impact the company's operations and revenue if data processing linked to My AI is halted.
The news directly pertains to Snap Inc and its operations in the UK. The potential regulatory hurdle could impact the company's operations and revenue, especially if data processing linked to My AI is halted. This could negatively affect the company's stock price in the short term.
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