South Korea's Meta fine comes as the result of a four-year investigation into Facebook's data collection practices between 2018 and 2022. Meta was found to have collected user information about sexual orientation, political views and religion among other items.
Headed up by Meta, a collection of the biggest names in tech and AI research has sent a letter to the European Union warning that EU decisions on regulating AI training threaten to hold the region back.
The aspect of SOTU that caught big tech's attention was a call for bipartisan support on antitrust enforcement and stronger protections for personal data. The president also called for targeted advertising to children to be banned.
The main theme of the Biden op-ed was the setting aside of partisan differences to curb the power of big tech, primarily by limiting the ways in which these firms collect and use personal data.
The decision to scrap the data protection bill came from a parliamentary review process. IT minister Ashwini Vaishnaw has told reporters that work was already underway on a new personal data law, no doubt to the delight of big tech companies.
Digital Services Act would bring new restrictions on how targeted advertising can use sensitive personal information and a requirement that the inner workings of recommender algorithms be visible to the public.
The Digital Markets Act focuses on Big Tech, and its requirements would force message interoperability among other terms that Facebook and similar services are unlikely to be happy about.
While one might think that health care providers are the primary entities that could potentially leak, share, or exploit private patient data, the truth is that the most audacious HIPAA violations are being perpetrated every day by Big Tech.
Privacy rules do for enterprise what enterprise won’t do for itself. Asking Big Tech to take the high road even when it hurts their profits is like asking dental patients to pull their own teeth. As long as policymakers delay robust data regulations, there aren’t any rules for Big Tech to break.
Apple's privacy policy changes have already cost other big tech firms nearly $10 billion in lost ad revenue. Research firm Lotame reports that Snap, Facebook, Twitter, and YouTube have lost a combined $9.85 billion thus far in the third and fourth quarters.










