Meta Platforms Enhances AI Offerings Amidst Regulatory Scrutiny

In a recent move, Meta Platforms Inc META has introduced a range of artificial intelligence (AI) products. 

Among the notable introductions are a chatbot designed to converse like a detective but resembling Paris Hilton and a character named the Dungeon Master, inspired by Snoop Dogg. 

Also Read: Meta's AI Innovations and Revenue Surge Bolster Confidence, Analyst Sees 30% Upside

Ensuring the responsible deployment of these tools is the responsibility of Nick Clegg, Meta's president of global affairs. 

He is responsible for ensuring the company's commitment to safety, especially given past criticisms about product security. "We've dedicated thousands of hours to rigorous testing to maximize their safety," Clegg mentioned in a recent episode of the Bloomberg Originals series AI IRL.

Former European Parliament member and ex-UK deputy prime minister Clegg joined Meta in 2018. His role, especially amidst privacy and election interference concerns, was to spearhead global lobbying initiatives. 

While the U.S. has primarily sought non-binding agreements from tech giants regarding AI product safety, Europe is rapidly advancing AI regulations. 

Clegg emphasized the importance of transparency in AI deployment. He believes that Meta's commitment to open-source licenses for datasets and large-language models, which form the backbone of AI chatbots, is pivotal for ethical utilization. 

Meta's move comes as it aims to attract and retain users amid competition from TikTok and capitalize on the growing excitement around AI since the launch of Microsoft Corp MSFT-backed OpenAI's ChatGPT.

Price Action: META shares are trading lower by 0.16% at $327.29 on the last check Thursday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.