BRUSSELS (Reuters) -Meta Platforms will not launch its Meta AI models in Europe for now after the Irish privacy regulator told it to delay its plan to harness data from Facebook and Instagram users, the U.S. social media company said on Friday. Meta on Friday said the Irish privacy watchdog had asked it to delay training its large language models (LLMs) using public content shared by Facebook and Instagram adult users. "We're disappointed by the request from the Irish Data Protection Commission (DPC), our lead regulator, on behalf of the European DPAs ... particularly since we incorporated regulatory feedback and the European DPAs have been informed since March," the company said in an updated blogpost.
The company is downsizing its army of VPs, which numbered around 300 as of last year.
Meta investors have been fretting an ad-buying slowdown from China e-commerce retailers. This analyst is bullish.