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7.83622294054667E-05 -1.95905573513388E-05 5.87716720541278E-05 0.00113625232637877 0.00197864629248712 0.00186110294837897 0.00297776471740629 0.00652365559800173
Stock impact report

Meta banned from mining data to train its AI models in Brazil [Fortune]

Meta Platforms, Inc. - Class A (META) 
Company Research Source: Fortune
Meta's updated privacy policy enables the company to feed people's public posts into its AI systems. That practice will not be permitted in Brazil, however. The decision stems from “the imminent risk of serious and irreparable or difficult-to-repair damage to the fundamental rights of the affected data subjects,” the agency said in the nation's official gazette. Brazil is one of Meta's biggest markets. Facebook alone has around 102 million active users in the country, the agency said in a statement. The nation has a population of 203 million, according to the country's 2022 census. A spokesperson for Meta said in a statement the company is “disappointed” and insists its method “complies with privacy laws and regulations in Brazil.” “This is a step backwards for innovation, competition in AI development and further delays bringing the benefits of AI to people in Brazil,” the spokesperson added. The social media company has also encountered resistance to its privacy policy up Show less Read more
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