TNB Tech Minute: Meta Warns EU Its Rules May Squelch AI Boom
WSJ Tech News Briefing
The Wall Street Journal
4.3 • 1.7K Ratings
🗓️ 19 September 2024
⏱️ 3 minutes
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| 0:00.0 | The Capital Ideas Podcast now has a new monthly edition hosted by Capital Group CEO Mike Gittlin. |
| 0:05.7 | Investment professionals reveal their best mentors, how they find their next great idea, |
| 0:10.0 | and a few funny stories. |
| 0:11.3 | Subscribe wherever you get your podcast, American Funds Distributors, Inc. |
| 0:15.0 | Here's your TMB Tech Minute for Thursday, September 19th. |
| 0:20.0 | I'm Zoe Thomas for the Wall Street Journal. |
| 0:24.0 | Meta platforms and other companies have warned the European Union its regulations could cause the |
| 0:29.4 | block to miss out on the full benefits of artificial intelligence. |
| 0:33.8 | In an open letter coordinated by Meta, executives from more than two dozen companies call on the |
| 0:39.5 | EU to harmonize and modernize its rules. |
| 0:42.7 | The signatories say Europe has become less competitive and less innovative and risks falling |
| 0:48.5 | further behind in the AI era. |
| 0:51.0 | The EU's executive body says it's stepping up efforts to support AI innovation |
| 0:55.7 | and that the incoming Justice Commissioner is expected to ensure the Block's |
| 1:00.2 | data protection law responds to law enforcement and commercial needs. |
| 1:05.0 | Disney plans to stop using Slack as a workplace collaboration system following a hack that leaked more than a terabyte of company data. |
| 1:15.0 | Disney's CFO said in an internal memo reviewed by the Wall Street Journal that most of its businesses would stop using the tool by the end of this year. |
| 1:23.0 | A Disney spokesman didn't immediately provide comment. |
| 1:26.0 | A spokesperson for Salesforce, which owned Slack, declined to comment. |
| 1:30.0 | The data leaked online this summer included a range of financial and strategy information, |
| 1:34.8 | as well as personally identifiable information of some staff and customers. And a report from the Federal Trade Commission says companies including Amazon, Meta, and X lack adequate privacy controls. |
| 1:48.4 | The agency found that these businesses aggressively collected the data of users and non-users and monetized it without |
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