Meta Platforms is set to face a record European Union privacy fine related to data transfer of Facebook’s EU users to US servers for failing to comply with a warning by a top EU court, two sources familiar with the matter said.
The penalty will be higher than the previous record EUR 746 million (nearly Rs. 6,660 crore) fine for Amazon.com, according to the sources.
Meta declined to comment, while the Irish Data Protection Commission (DPC) and the European Commission did not immediately respond to Reuters’ requests for comment.
EU regulators led by Ireland’s Data Protection Commissioner Helen Dixon have been finalising a ban on the legal tool used by Facebook to transfer European user data because of concerns US intelligence agencies could access the information.
In April, they said the Irish DPC had one month to make an order blocking Facebook’s transatlantic data flows. The ban could be in place by mid-May.
Europe’s highest court ruled in 2020 that an EU-US data transfer agreement was invalid, citing surveillance concerns.
Meta last year warned that an order to ban the mechanism it uses to transfer data from Europe to the United States could force it to suspend Facebook services in Europe.
Meanwhile, Meta Platforms joined the generative AI product race this week, saying it would begin testing artificial intelligence-powered ad tools that can create content like image backgrounds and variations of written text.
A select group of advertisers will be invited to experiment with the tools in a “testing playground” that the company is calling the AI Sandbox, Meta executives said at a press event in New York.
© Thomson Reuters 2023
The Vivo X90 Pro has finally made its debut in India, but is the company’s flagship smartphone for 2023 equipped with enough upgrades over its predecessor? We discuss this and more on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
Affiliate links may be automatically generated – see our ethics statement for details.
For all the latest Technology News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
