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MLex Market Insight

Facebook’s clash with Baltic startup points to the metaverse; and the UK’s automated-car challenge

MLex Market Insight

MLex Market Insight

News

4.99 Ratings

🗓️ 3 December 2021

⏱️ 26 minutes

🧾️ Download transcript

Summary

It has been two years since Facebook was accused of illegally copying the world’s largest repository of digitized and realistic three-dimension objects and scenes from a Lithuanian startup. At the time, the allegations appeared highly unlikely — why would a social-media platform need digitized objects? But now that Facebook’s parent company has rebranded as Meta Platforms and launched a bold vision of enhanced reality called the metaverse, the allegations appear less fanciful….”Meta’s unsuccessful attempt to have a US judge take the unprecedented step of blocking a non-US company from downloading court documents in a case that it’s a party to has only stoked interest in the case. Also on today’s podcast: UK regulators come under pressure to start paving the way for automated cars. There’s a lot riding on the regulators’ response, with proponents of the technology hopeful Britain could soon be leading the world.

Transcript

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0:00.0

Hello there, welcome back. I'm James Panicki. This is MLEX's weekly podcast covering the world of

0:16.8

regulatory affairs, as only MLEX reporters reporters can do and in around ten minutes

0:22.1

from now we'll be talking about automated vehicles in the United Kingdom

0:26.5

consumers are embracing the new technology but regulators are now at a fork in

0:32.4

the motorway struggling to keep up with recent advances and at risk of

0:37.2

relegating the country to playing catch-up.

0:39.8

So stick around for that if you can.

0:42.5

But first, an extraordinary legal clash unfolding in California.

0:47.0

It has been two years since Facebook was accused of illegally copying the world's largest repository

0:53.3

of digitised and realistic three-dimension

0:56.6

objects and scenes, objects and scenes over which a Lithuanian startup is claiming ownership.

1:03.9

At the time, the allegations appeared highly unlikely.

1:07.1

Why would a social media platform need digitised objects? But now Facebook's parent company has

1:13.6

rebranded as meta platforms and has launched a bold vision of enhanced reality called the

1:19.9

Metaverse. And wouldn't you know it, the allegations are now starting to take on a very different

1:26.1

meaning. So much to talk about here today. Mike Swift,

1:30.1

of course, is MX's chief global digital risk correspondent. He works out of our San Francisco

1:35.3

offices, and he joins me now. So, Mike, let's start from a very basic question. What is computer

1:42.8

vision and why is teaching computers how to see, in quotes?

1:47.0

Why is that so difficult? Sure. So it's a very simple thing for humans and animals even. If I hold up

1:56.5

the bin where we keep our cat food for our cat, she instantly recognizes what it is, and it's not very complicated.

2:04.6

But for a computer, you basically need to translate a string of pixels and numbers,

...

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