Meta Harnesses European Data To Train AI Amidst A 40% Year-To-Date Surge That Is Near To Breaking Record Highs
Portfolio Pulse from Zaheer Anwari
Meta Platforms Inc. (NASDAQ:META) has updated its data use policies to include publicly shared content from European users on Instagram and Facebook for AI model training. This move has sparked multiple complaints from the digital rights group Noyb, which argues that these practices violate EU law. Despite these challenges, Meta's stock has surged 40% year-to-date and is nearing its all-time high.
June 11, 2024 | 12:14 pm
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Meta Platforms Inc. has revised its data use policies to include publicly shared content from European users for AI training, facing legal challenges from Noyb. Despite this, Meta's stock has surged 40% year-to-date and is close to its all-time high.
The policy change could enhance Meta's AI capabilities, potentially driving future growth. However, legal challenges from Noyb could pose risks. The stock's strong performance and resilience indicate positive investor sentiment.
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