Daily Minute Master Series
May 24, 2023
by Corey Padveen
News and Updates
Meta Fined Record $1.3 Billion for Violating EU Rules on Data Transfers
Meta has copped another huge fine from regulators, with the European Data Protection Board (EDPU) hitting the company with a €1.2 billion penalty – equivalent to $1.3 billion USD – for transferring EU user data back to the US without explicit permission or adequate protections in place.
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Google Marketing Live 2023: New Generative AI Features For Google Ads, Product Studio, And More
Google Marketing Live 2023 unveiled new generative AI features for Google Ads, Performance Max, and Product Studio, simplifying campaign creation and enhancing ad relevance.
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Google Policy Agenda Reveals AI Regulation Wishlist
Google’s AI policy agenda largely ignores open source AI and focuses on limiting restraints on innovation.
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Google Announces New Generative AI Ad Tools at Marketing Live Event
Google’s announced a range of new generative AI tools for brands at its Google Marketing Live event, including new ad creation options, customized Search ads based on your website text, and more.
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Meta Staff Raise Concerns About the Impacts of Staff Cuts, as Ad Buyers Report Ongoing Problems
As Meta prepares for another round of lay-offs, as part of its focus on improving operational efficiency, cracks are beginning to appear within its operational framework, with problems arising in ad ops, content moderation, and more over time.
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Meta Agrees to Sell Giphy to Shutterstock for a $347 Million Loss
Meta’s long-running legal battle over its acquisition of Giphy has finally come to an end, with the company agreeing to sell Giphy to Shutterstock for $53 million.
For the full article click here
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