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Tag Archives: Facebook

EU Slaps $1.3B Fine on Meta for Violating GDPR EU User Data Protection Laws

On Monday, the EU imposed a record $1.3 billion fine on social media giant Meta for transferring EU user data to the US.  Meta Platforms Inc (NASDAQ: META) recently incurred a record 1.2 billion euros ($1.3 billion) fine from the European Union (EU) for privacy violations. European privacy regulators alleged that the Facebook parent unlawfully transferred data from European users to the US. The Irish Data Protection Commission (DPC), which announced the penalty, also ordered Meta to cease...

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Alphabet Merging Google Brain and DeepMind to Create Next Generation of AI Breakthroughs and Products

The aim is to roll out the next generation of AI breakthroughs and products across Google and Alphabet by merging the talents at Google Brain and DeepMind.  As Alphabet (NASDAQ: GOOGL) intensifies its artificial intelligence (AI) effort, the company is merging its deep learning AI research team Google Brain with DeepMind. Although AI has been very popular recently, Alphabet has been exploring the industry for some time. The tech giant reportedly bought DeepMind for over $500 million in...

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Google Challenges OpenAI by Opening Early Access to ChatGPT Rival Bard

Currently, Google Bard is available to a few select customers in the US and UK. As per Google, Bard is “an early experiment … intended to help people boost their productivity, accelerate their ideas, and fuel their curiosity” On Tuesday, March 21, tech giant Google opened access to its AI chatbot tool Bard, which directly competes with OpenAI’s ChatGPT. However, this is limited access and Bard will be initially available only to selected users in the US and UK, who can join a waitlist at...

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Phony Crypto Facebook Post Sends Australia Into an Uproar

Crypto traders in Australia got scared a few weeks ago when they saw a phony Facebook advertisement claiming they needed “social credit scores” of approximately 100 or more to do business with crypto exchanges and trade digital currencies. Australia Fooled By Fake Crypto Facebook Post The Facebook post read as follows: BREAKING: Australian citizens can only access bitcoin if they have enough social credits – report. According to a new law, Australian citizens need at...

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