Meta announced on Monday that it’s going to train its AI models on public content, such as posts and comments on Facebook and Instagram, in the EU after previously pausing its plans to do so in response to regulatory pressure due to to data privacy concerns. The company will start training its AI on users’ content in the EU this week, it said. Users’ interactions with Meta AI will also be used to train its models.
Source: Meta to start training its AI models on public content in the EU | TechCrunch
The European Commission is finalizing a plan to make its artificial intelligence rules more palatable to companies, as they scramble to adapt to American tariffs that have sent shockwaves through the global economy. The EU executive will launch a new “AI Continent” plan on Wednesday. According to an undated draft of the plan, the executive wants to “streamline” rules and get rid of “obstacles” that it feels are slowing companies in Europe down in competing with the U.S. and China.
Financial highlights from the report include a 29% YoY jump in revenues, to 1.921 billion Swedish kronor, or USD $181.62 million at the average exchange rate for 2024. Epidemic’s adjusted EBITDA, meanwhile, soared 150% YoY to SEK 147 million ($13.9 million), while unadjusted EBITDA increased 24-fold to SEK 107 million ($10.13 million).