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by Cheer2171
718 days ago
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> Compliance must be demonstrated by the company within five working days from the notification of the decision, and the agency established a daily fine of 50,000 reais ($8,820) for failure to do so. $8,820 * 365 = $3.2 million a year is pretty cheap for Meta to be able to do whatever they want with all the data from all 200 million Brazilians. Their annual net income is $39.10 billion, so 0.008%. |
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The fine for each privacy infraction is 2% of the company's last year earnings, limited to 50 million BRL (~9 million USD). If 500 brazillians had their privacy violated by a platform, that platform needs to pay 500 of these fines once per day until it is fixed. There's also all sorts of extra punishments for not fixing it in time (like mandatory suspension of services).
Facebook is not forbidden to use your data for AI. It can do so, as long as it provide means for you to delete it. A button to clean your data, for example. That would be legal. We know for LLMs is not that easy though.