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Artificial Intelligence (AI)

Artificial intelligence in practice — what it changes, who it concentrates power for, and how it lands in the businesses and policies of the technology economy.

915 articles · Artificial Intelligence (AI)

Business

The UK's Online Safety Act gives Ofcom the power to fine platforms 10% of their global revenue, which for Meta alone would be over $16 billion, and the enforcement unit responsible for issuing those fines has fewer than 50 staff

The UK's Online Safety Act gives Ofcom theoretical penalty powers larger than the GDP of small countries. The team that actually issues those fines has fewer than 50 staff — and Meta is now in the High Court trying to shrink the formula.