Generative AI
Fear of AI and GenAI Behind Eurpean Union Record $1.3 Billion Meta Fine
The European Union (EU) recently handed Meta, the owner of the Facebook social media platform, the largest data privacy fine on record, a EUR 1.2 billion ($1.29 billion) penalty for failing to properly safeguard European Facebook users data stored and processed in US data centers. The EU penalty is driven by concerns over artificial intelligence (AI) and Generative AI (GenAI), according to research conducted by GlobalData.