EU Commission rules, set to be adopted as soon as next week, will fine X, TikTok, and other big platforms over lax election AI content moderation, The Financial Times’ Javier Espinoza reports. Other platforms covered by the requirements include Snapchat (SNAP), YouTube (GOOGL) and Meta‘s (META) Facebook. Under the requirements, platforms that fail to adequately tackle AI-powered disinformation or deepfakes could face fines of up to 6% of global turnover, Espinoza writes.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on SNAP:
- TikTok announces Creativity Program is out of beta
- Mnuchin tells CNBC that he’s ‘putting together’ group to buy Tiktok
- U.S. House passes measure that could ban TikTok in U.S., Verge reports
- Snap Inc. call volume above normal and directionally bullish
- Snap Stock (NYSE:SNAP): Growth Trajectory Is Mixed after Recent Setbacks
