Facebook Wins Reprieve as Court Restrains Nigerian Regulator’s $38.55 Million Demand

December 19, 2024 Bitcoin.com

Facebook Wins Reprieve as Court Restrains Nigerian Regulator’s .55 Million Demand

bitcoin.com

The Federal High Court in Lagos has granted an interim order restraining the Advertising Regulatory Council of Nigeria (ARCON) from demanding $38.55 million (NGN60 billion) from Facebook Nigeria Operations Limited for an alleged violation. Justice Yellim Bogoro made the order on Dec. 12, 2024, following a motion ex parte filed by Facebook. Facebook sought two […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Why Rumble Matters

November 13, 2024 Bitcoin.com

bitcoin.com

In a world where big tech giants control the flow of information, Bitcoin.com CEO Corbin Fraser believes upstarts like Rumble are returning power back to users, such as the ability to share unfiltered ideas and perspectives. New Platforms Are Emerging to Resist Big Tech’s Censorship While legacy media bemoans X as a failing cesspool of […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Meta to Resume Training AI With Data From UK Facebook, Instagram Users

September 14, 2024 Bitcoin.com

AI training

Meta announced it will resume training its artificial intelligence (AI) models using U.K. adult user data to better reflect British culture. This follows a delay due to privacy concerns. Despite initial opposition, Meta has now engaged with U.K. regulators and is nearing the launch of its AI products in the U.K. The company clarified that […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Meta to resume AI training in UK after regulatory pause

September 14, 2024 Coin Telegraph

The tech giant will use public information, including posts, comments, photos, and captions from adult users on Instagram and Facebook.

Meta will begin using publicly shared content from adult users in the UK on Facebook and Instagram to train its artificial intelligence models. The company will use publicly available information, such as adult users’ posts, comments, photos, and captions on both platforms.

“We’re building AI at Meta to reflect the diverse communities around the world and we look forward to launching it in more countries and languages later this year,” Meta said.

Meta said it does not use information from accounts of people in the UK under the age of 18. Source: Meta

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Washington State Probes Alleged Crypto Fraud Linked to Fake Nasdaq Exchange

August 30, 2024 Bitcoin.com

bitcoin.com

The financial watchdog in Washington State is currently probing a complaint regarding a cryptocurrency platform that allegedly purports to be associated with the Nasdaq Stock Exchange. This inquiry began after an investor reportedly put in $200,000 following a solicitation on Facebook that transitioned to communication over Whatsapp. The regulator has flagged this as a potential […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

New Hampshire Regulator Orders Cease and Desist Against Finstate Investment for Crypto Fraud

August 19, 2024 Bitcoin.com

Binance

The New Hampshire Bureau of Securities Regulation has issued a cease and desist order against Finstate Investment LLC, accusing it of defrauding investors via a fraudulent cryptocurrency investment website. Finstate allegedly misrepresented account activity and offered illegal guarantees against losses. A retired New Hampshire resident, persuaded via Facebook to invest $3,526 in cryptocurrency with Finstate, […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Metaverse book gets boring rename in latest sign of waning enthusiasm

July 21, 2024 Coin Telegraph

Augmented Reality

The growing malaise for metaverse hype is reminiscent of the AI sector directly before the launch of GPT-3.

Matthew Ball, former global head of strategy at Amazon Studios and author of the 2022 book “The Metaverse: And How It Will Revolutionize Everything,” is re-releasing the book under a new, more underwhelming title: “Building the Spatial Internet.”

To be clear, the book will still be called “The Metaverse,” but the spatial internet bit will replace the former language indicating that the metaverse would revolutionize everything.

Evidently, after two years, the revolution has either come and gone or remains impending. Either way, on July 23, the book's newest edition launches.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Meta won’t launch new AI products in EU, citing ‘regulatory uncertainty’

July 18, 2024 Coin Telegraph

Apple

The door is now wide open for Google and Microsoft to gain first movers' advantage over the entire continent.

Meta is the latest US-based tech giant to pause artificial intelligence releases in the European Union. The company joins Apple, who in June announced that it would be withholding several AI-powered iPhone features from customers in the EU.

Neither company, so far, has given a timeline or described what, exactly, needs to happen for the embargoes to lift, but both companies have cited “regulatory uncertainty” as the catalyst.

In a statement sent exclusively to Axios on July 17, a Meta spokesperson said:

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Meta loses bid to wriggle out of billionaire’s crypto scam ad lawsuit

June 20, 2024 Coin Telegraph

Ads

Meta cited a section of a 1996 federal law in an attempt to escape a crypto ad lawsuit from Australian billionaire Andrew Forrest, but a U.S. federal judge said it wasn’t enough.

A United States judge has rejected Meta Platform’s bid to toss a lawsuit from billionaire Australian mining tycoon Andrew Forrest over Facebook ads that used deep fakes in his image to promote scam crypto schemes.

California District Judge Casey Pitts said in a Monday, June 17 order that Forrest could re-file his suit and try to prove that Meta’s negligence in failing to stop the scam ads broke its duty to operate in a “commercially reasonable manner.”

Meta argued that Section 230 of the Communications Decency Act exempted it from responsibility as a publisher of third-party content — an argument YouTube had unsuccessfully used to try to avoid blame for crypto scam ads on its platform.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Meta to fight AI-generated fake news with ‘invisible watermarks’

December 7, 2023 Coin Telegraph

chatGPT

Meta will make use of a deep-learning model to apply watermarks to images generated with its AI tool, which would be invisible to the human eye.

Social media giant Meta (formerly Facebook) will include an invisible watermark in all images it creates using artificial intelligence (AI) as it steps up measures to prevent misuse of the technology.

In a Dec. 6 report detailing updates for Meta AI — Meta’s virtual assistant — the company revealed it will soon add invisible watermarking to all AI-generated images created with the "imagine with Meta AI experience." Like numerous other AI chatbots, Meta AI generates images and content based on user prompts. However, Meta aims to prevent bad actors from viewing the service as another tool for duping the public.

Like numerous other AI image generators, Meta AI generates images and content based on user prompts. The latest watermark feature would make it more difficult for a creator to remove the watermark.

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