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- 🚨 Meta faces copyright scandal
🚨 Meta faces copyright scandal
+ More tech updates from Wall Street and TikTok
Roni Rahman
January 10, 2025
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Greetings! Your latest quick tech update is here:
☀️ On this day: On January 10, 2000, America Online (AOL), then the world's largest internet service provider, announced its plans to acquire media giant Time Warner for a staggering $165 billion in stock. This historic deal was the largest merger at the time and symbolized the convergence of old and new media.
What’s happening:
🚨 Meta faces copyright scandal over AI training
📉 AI may cut 200K Wall Street jobs
🗑️ Spike in searches to delete Facebook, Instagram
🚫 TikTok may shut down in the US
📱 Samsung to launch phone subscription
+ 📊 Daily poll and results
+ 📈 Trending tools and resources
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Hand-picked news:
🚨 Meta faces copyright scandal over AI training ↗️LINK
What: Plaintiffs in a copyright lawsuit allege that Mark Zuckerberg authorized Meta’s Llama AI team to use copyrighted materials from LibGen, a dataset of pirated books and articles. Documents also accuse Meta of stripping copyright markers to conceal infringement and torrenting copyrighted works.
Why: Meta’s AI team reportedly bypassed licensing, citing fair use as a defense, despite internal concerns about legal risks. Fair use allows transformative use of copyrighted works, but creators argue this defense is invalid in this case.
Impact: The allegations raise ethical and legal concerns for Meta and cast doubt on its compliance with copyright laws. The case could influence AI training practices and fair use interpretations.
📉 AI may cut 200K Wall Street jobs ↗️LINK
What: Global banks could shed up to 200,000 jobs within 3-5 years as AI replaces roles in back-office, middle-office, and operations tasks. A Bloomberg Intelligence report reveals that 3% to 10% of banking jobs may be cut, though AI will likely transform rather than fully eliminate roles.
Why: AI's automation of repetitive tasks like customer service and compliance promises productivity gains. Banks expect up to a 17% rise in profits by 2027 due to increased efficiency, potentially adding $180 billion in pre-tax earnings.
Impact: While roles will evolve, job losses will disrupt the workforce. However, leaders like JPMorgan's CEO emphasize AI's potential to enhance quality of life and workplace dynamics.
🗑️ Spike in searches to delete Facebook, Instagram ↗️LINK
What: Searches for “how to delete Facebook” and “how to delete Instagram” surged following Meta’s decision to replace professional fact-checking with crowdsourced Community Notes. Related searches, including for Threads and Bluesky, have also spiked.
Why: Users are reacting to concerns over misinformation and Meta’s move away from accuracy prioritization. CEO Mark Zuckerberg dismissed the trend as “virtue signaling,” but critics worry about Meta’s grip on digital interactions and data tracking.
Impact: Competitors like Bluesky gained interest, but leaving Meta’s platforms is challenging due to their vast user base and interconnected services. Despite difficulties, the trend highlights growing dissatisfaction with Meta’s policies.
🚫 TikTok may shut down in the US ↗️LINK
What: TikTok may shut down in the U.S. by Jan. 19 unless the Supreme Court delays or strikes down a law requiring its sale by Chinese parent ByteDance. The case, involving free speech and national security, affects 170 million U.S. users and content creators reliant on the platform.
Why: Critics argue the law violates free speech, while proponents cite national security concerns over Chinese ownership. The incoming administration could delay enforcement or explore political resolutions.
Impact: If banned, app updates and new downloads will cease, disrupting creators' livelihoods and limiting user access. The case highlights tensions between tech, law, and politics.
📱 Samsung to launch phone subscription ↗️LINK
What: Samsung will extend its AI Subscription Club to Galaxy smartphones next month, alongside its Ballie AI robot. This model, already available for home appliances in South Korea, offers lower upfront costs and optional repair services.
Why: The subscription aligns with Samsung's push for accessible AI-powered devices. Galaxy AI features will remain free until at least 2025, but the subscription could attract users seeking affordability and additional perks.
Impact: This move could reshape how smartphones are marketed, with potential global expansion depending on its success. More details may emerge at the Galaxy Unpacked event on January 22nd.
Today’s Poll:
Should AI companies use pirated content for training under "fair use"? |
Vote and find out about the result tomorrow.
Yesterday’s Poll Result:
Do you think AI advancements improve the economy for the average person?
A) Yes – AI is creating opportunities - 44%
B) No – It mainly benefits large corporations - 56% 🏆
Reader’s opinion:
“AI has the potential to boost productivity and create new opportunities, but its impact on the average person depends on how well we address job displacement and ensure benefits are widely distributed.”
“I feel AI advancements often benefit corporations more than the average person. Without proper regulation, the economic gap might actually widen instead of improving for most people.”
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