Meta’s Business Model Threatened by EU Law; Microsoft Hopes to … – ExchangeWire
In today’s ExchangeWire news digest: a new EU ruling deals a major blow to Meta’s business model; Microsoft considers integrating OpenAI’s ChatGPT into Bing; and Coinbase reaches a USD$100m (~83m) settlement with New York regulators.
EU ruling could mean curtains for Meta’s model
The European Union has ruled that Meta’s legal justification for targeting Facebook users with personalised ads on the platform violated EU data laws. According to privacy campaigners, this could compel Meta to ask Facebook and Instagram users to “opt in” to their data being used for targeted advertising.
As a result of the ruling, Ireland’s Data Protection Commission (DPC) has fined Meta 390m (~343m) and given the company three months to revamp its data processing practices.
Microsoft contemplates adding ChatGPT to Bing
Software giant Microsoft is reportedly planning to add OpenAI’s ChatGPT to its Bing search engine. The company, which previously invested USD$1bn (~830m) in OpenAI, hopes that the…
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source: https://news.oneseocompany.com/2023/01/05/metas-business-model-threatened-by-eu-law-microsoft-hopes-to-exchangewire_2023010538828.html
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