META
whistleblower alleges Meta shared critical emerging tech info, including AI, with the Chinese Communist Party starting in 2015.
motive was allegedly to gain access to the restricted Chinese market by helping China advance its AI capabilities against US companies.
allegations, detailed in a new book and congressional testimony, pose significant reputational and potentially regulatory risks for Meta.
@bernardodegarcia:
“Let’s go with Meta. We don’t have many; the downside of all this mess is that fundamental news gets somewhat left behind. In fact, we just had results from Delta Airlines; I think they weren’t very good. Yesterday, we had Cal-Maine and others. There we have it… ah, they are now up 3%. Well, the truth is they are… watch out, eh? How are Southwest Airlines doing? Oh yeah, baby. Anyway, we were talking about Meta. It turns out that Miss Sarah Wynn Williams, an executive at Meta Platforms who became a whistleblower, plans to testify before Congress, stating that the social media giant threatened U.S. interests by cozying up to China—claims the company says are false. But why is she saying them? Wynn Williams, who served as the company’s director of global public policy, will testify today before the Senate Judiciary Subcommittee on Crime and Counterterrorism that she witnessed executives undermining U.S. national security. The testimony will include accusations that Meta (Facebook) helped China advance in the AI arms race. Quote: ‘Meta began briefing the Chinese Communist Party as early as 2015,’ declared Wynn Williams, who recently published a bestselling memoir titled ‘Careless People.’ I don’t know if we can find it, probably yes, if it lets us here… ‘Careless People book Facebook meta maybe’… ‘Careless People: A Story of Power, Greed…’ well, there we have it. A Meta employee reviews new Facebook memoir. Well, here we have the incentive of Miss Sarah Wynn Williams, who will testify, as we said, today. This book is about her experience at Facebook. In prepared statements obtained by different online newspapers, so to speak, well, she said these briefings focused on critical emerging technology, meaning what Facebook was communicating with China, including AI. The explicit goal was to help China surpass U.S. companies, assuming that as a congratulation, the Chinese government would open the doors for Facebook to the Chinese market. Good for Meta shares, but how good for the United States macroeconomically?”
Watch the exact part of the video where @bernardodegarcia talks about Meta Platforms here:
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