Lousiana Gov. Jeff Landry on Meta's $10 billion data center investment
CNBC's Scott Cohn and Jeff Landry, Louisiana Governor, joins 'Power Lunch' to discuss the construction site of Meta's $10 billion data center, what'll happen with FEMA and much more.
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Elizabeth Warren Says The Tax Break For Mark Zuckerberg's Meta Is So Bountiful Under Trump's 'Big Beautiful Bill' That $35 Copay From Each American Won't Still Match It
On Tuesday, Sen. Elizabeth Warren (D-Mass.) slammed Meta Platforms, Inc.'s (NASDAQ:META) alleged tax windfalls under President Donald Trump's new legislative package, saying the benefits far outweigh what ordinary Americans could ever contribute. What Happened: Warren criticized a provision in Trump's "Big Beautiful Bill" that she says offers Meta a massive tax break. "If every one of the 340 million people in America paid a new $35 copay to visit the doctor, that still wouldn't be enough to cover how much Meta would get from just one tax break in Donald Trump's 'Big Beautiful Bill,'" she posted on X, formerly Twitter. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — The U.S. population is estimated at 342 million, according to the Census — a number that, as Warren pointed out, wouldn't be enough to offset the tax break given to Mark Zuckerberg's company under the 'Big Beautiful Bill.'Warren and Meta did not immediately respond to Benzinga's request for It's Important: Earlier this month, Warren slammed the "One Big Beautiful Bill Act," warning it could cause 16 million Americans to lose health coverage and add $2.4 trillion to the national debt. Citing Congressional Budget Office estimates, Warren said the bill disproportionately benefits billionaires like Jeff Bezos and Mark Zuckerberg at the expense of everyday Americans. Warren has also opposed a provision in the bill that would prevent states from regulating artificial intelligence for 10 years. She argued this could lead to higher rents by protecting companies like RealPage. Representative Marjorie Taylor Greene has also criticized the measure. Bezos and Zuckerberg's Meta have each contributed $1 million to Trump's Jan. 20 inauguration. Read Next: Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. Back a bold new approach to cancer treatment with high-growth potential. These five entrepreneurs are worth $223 billion – they all believe in one platform that offers a 7-9% target yield with monthly dividends Photo courtesy: Sheila Fitzgerald / UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Elizabeth Warren Says The Tax Break For Mark Zuckerberg's Meta Is So Bountiful Under Trump's 'Big Beautiful Bill' That $35 Copay From Each American Won't Still Match It originally appeared on
CNBC
42 minutes ago
- CNBC
Meta wins AI copyright case, but judge says others could bring lawsuits
Meta on Wednesday prevailed against a group of 13 authors in a major copyright case involving the company's Llama artificial intelligence model, but the judge made clear his ruling was limited to this case. U.S. District Judge Vince Chhabria sided with Meta's argument that the company's use of books to train its large language models, or LLMs, is protected under the fair use doctrine of U.S. copyright law. Lawyers representing the plaintiffs, including Sarah Silverman and Ta-Nehisi Coates, alleged that Meta violated the nation's copyright law because the company did not seek permission from the authors to use their books for the company's AI model, among other claims. Notably, Chhabria said that it "is generally illegal to copy protected works without permission," but in this case, the plaintiffs failed to present a compelling argument that Meta's use of books to train Llama caused "market harm." Chhabria wrote that the plaintiffs had put forward two flawed arguments for their case. "On this record Meta has defeated the plaintiffs' half-hearted argument that its copying causes or threatens significant market harm," Chhabria said. "That conclusion may be in significant tension with reality." Meta's practice of "copying the work for a transformative purpose" is protected by the fair use doctrine, the judge wrote. "We appreciate today's decision from the Court," a Meta spokesperson said in a statement. "Open-source AI models are powering transformative innovations, productivity and creativity for individuals and companies, and fair use of copyright material is a vital legal framework for building this transformative technology." Though there could be valid arguments that Meta's data training practice negatively impacts the book market, the plaintiffs did not adequately make their case, the judge wrote. Attorneys representing the plaintiffs did not respond to a request for comment. Still, Chhabria noted several flaws in Meta's defense, including the notion that the "public interest" would be "badly disserved" if the company and other businesses were prohibited "from using copyrighted text as training data without paying to do so." "Meta seems to imply that such a ruling would stop the development of LLMs and other generative AI technologies in its tracks," Chhabria wrote. "This is nonsense." The judge left the door open for other authors to bring similar AI-related copyright lawsuits against Meta, saying that "in the grand scheme of things, the consequences of this ruling are limited." "This is not a class action, so the ruling only affects the rights of these thirteen authors — not the countless others whose works Meta used to train its models," he wrote. "And, as should now be clear, this ruling does not stand for the proposition that Meta's use of copyrighted materials to train its language models is lawful." Additionally, Chhabria noted that there is still a pending, separate claim made by the plaintiffs alleging that Meta "may have illegally distributed their works (via torrenting)." Earlier this week, a federal judge ruled that Anthropic's use of books to train its AI model Claude was also "transformative," thus satisfying the fair use doctrine. Still, that judge said that Anthropic must face a trial over allegations that it downloaded millions of pirated books to train its AI systems."
Digital Trends
42 minutes ago
- Digital Trends
WhatsApp's new AI feature lets you skip the scroll
If you've ever opened a group chat on WhatsApp and felt a knot in your stomach at the sight of endless unread messages, help is at hand. Meta-owned WhatsApp has just announced Private Message Summaries, which does what it says on the tin by offering an overview of your unread messages, saving you from endless scrolling as you try to get your head around the content of a conversation. Recommended Videos In the company's own words, WhatsApp's new Private Message Summaries feature uses Meta AI 'to privately and quickly summarize unread messages in a chat, so you can get an idea of what is happening, before reading the details in your unread messages.' Message Summaries uses Meta's Private Processing technology. This allows Meta's AI smarts to create a response without Meta or WhatsApp ever seeing your messages or the private summaries. Additionally, others in the chat won't know that you chose to summarize your unread messages. How to use Private Message Summaries Private Message Summaries won't automatically appear. Instead, you'll see a 'summarize privately' message appear intermittently on the same button that displays how many unread messages you have. Simply tap on the button to bring up a summary of your undead messages. Message Summaries is rolling out in English to U.S.-based users, with WhatsApp aiming to bring it to other languages and countries later this year. Of course, the proof of the pudding is in the you-know-what, so try it out for yourself to gauge the accuracy of WhatsApp's new Private Message Summaries feature. We certainly hope it'll be free of the mishaps that plagued Apple's much-mocked AI-powered notification summaries, which made headlines for all the wrong reasons toward the end of last year. In other WhatsApp news, Meta recently announced that ads are coming to the messaging app for the first time in its 16-year history … though you may never see them.
