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The proprietor of Facebook is battling with regulators over transferring EU data to the US. It can be seeing much less enhancements on CPUs
By
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Cliff Saran,
Managing Editor
Published: 27 Jul 2023 12:00
Meta, the proprietor of Facebook, has posted earnings of $32bn for the second quarter of 2023, an 11% enhance in contrast with the identical quarter in 2022.
The firm’s chief monetary officer, Susan Li, stated she anticipated that Meta’s full-year 2023 bills could be within the vary of $88-91bn, a rise of between $1bn and $2bn on account of legal-related bills recorded within the second quarter of 2023.
When requested in regards to the authorized prices, Li stated the accrued authorized bills of $1.87bn principally relate to the IDPC tremendous and “data transfers matter”. The IDPC tremendous of €1.2bn represents the lion’s share of the authorized expense.
“We continue to see increasing legal and regulatory headwinds in the EU and US, and in particular, the adoption of guidelines that require penalties to be assessed on a percentage of global revenue for violations of certain regulations is something that we are certainly thinking about as we think about the appropriate legal contingencies.”
Following the European Data Protection Board’s choice to rule in opposition to Meta’s coverage of transferring data between the US and EU, Nick Clegg, president of international affairs at Meta, and Jennifer Newstead, Meta’s chief authorized officer, wrote a weblog arguing that the ruling was not about one firm’s privateness practices. “There is a fundamental conflict of law between the US government’s rules on access to data and European privacy rights,” they stated.
Li was additionally quizzed about content material moderation on Meta’s social media platforms, an space each the UK and EU are investigating by public session. Meta launched Threads, its rival to Twitter, with a give attention to content material moderation.
“We have accrued a lot of experience in content moderation, and I think we’re going to apply the things that we’ve learned – especially in service – to differentiate Threads, which is the ability to really foster open and friendly and productive conversation,” she stated.
Li added that Meta would give attention to group pointers. “We’re going to have features that are going to help users control their experience, reply and mention controls, hidden words, and actions like unfollow, block, restrict and mute,” she stated. “We believe that this is going to help us make Threads into a more productive and creative place.”
Beyond the data tremendous, Meta stated it anticipated increased infrastructure-related prices subsequent 12 months. “We also expect to incur higher operating costs from running a larger infrastructure footprint,” the corporate stated.
When requested in regards to the potential for longer use of datacentre gear, Li stated: “We have extended the useful lives for our CPU-based servers over the past two years given the slowdown in performance gains.”
Unlike central processing models (CPUs), the place the corporate focuses on effectivity, Li stated Meta is ready to measure the return on funding of graphics processing unit (GPU) deployments for synthetic intelligence workloads.
“We’re still seeing strong performance gains for new GPUs, so those will depreciate in a relatively shorter timeframe, and we’ll just continue to evaluate how to most efficiently use the CPUs and GPUs across our fleet.”
Read extra on Regulatory compliance and normal necessities
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…. to be continued
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