UK's ICO Issues Statement In Response To Meta's Plans To Train Generative AI With User Data; Says "Pleased That Meta Responded To Our Request To Pause And Review Plans To Use Facebook And Instagram User Data To Train Generative AI In UK"
Portfolio Pulse from Benzinga Newsdesk
The UK's Information Commissioner's Office (ICO) has issued a statement in response to Meta's plans to use Facebook and Instagram user data to train generative AI. The ICO is pleased that Meta has agreed to pause and review these plans in the UK.
June 14, 2024 | 3:02 pm
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Meta has agreed to pause and review its plans to use Facebook and Instagram user data to train generative AI in the UK, following a request from the UK's ICO.
Meta's decision to pause and review its plans in response to the ICO's request indicates compliance with regulatory concerns. This could be seen as a positive move towards addressing data privacy issues, but the immediate impact on stock price is likely neutral as it does not directly affect Meta's core business operations.
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IMPORTANCE 80
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NEUTRAL IMPACT
The UK's ICO's intervention in Meta's plans to use user data for AI training may have broader implications for companies within the European market, potentially affecting ETFs like VGK.
While the ICO's intervention is specific to Meta, it highlights regulatory scrutiny in the European market, which could have broader implications for companies within the region. However, the direct impact on VGK is likely neutral in the short term.
CONFIDENCE 70
IMPORTANCE 50
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