Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Advocacy group threatens Meta with injunction over data-use for AI training
    Finance

    Advocacy group threatens Meta with injunction over data-use for AI training

    Advocacy group threatens Meta with injunction over data-use for AI training

    Published by Global Banking and Finance Review

    Posted on May 14, 2025

    Featured image for article about Finance

    By Foo Yun Chee

    BRUSSELS (Reuters) - Austrian advocacy group NOYB will seek an injunction against Meta Platforms, it said on Wednesday, that could lead to substantial claims if the tech giant goes ahead with plans to use Europeans' personal data to train its AI models.

    NOYB, or none of your business, led by privacy activist Max Schrems, said it had sent a cease and desist letter on Wednesday to Meta, which plans to start using personal data from European users of Instagram and Facebook from May 27.

    Meta has cited legitimate interest under EU privacy rules for using users' data to train and develop its generative AI models and other AI tools that can be shared with third parties.

    The U.S. tech giant said last month users would receive a link to a form that allows them to object to their data being used for training purposes and that private messages and public data from accounts of users under the age of 18 will not be used.

    Schrems criticised Meta's rationale.

    "The European Court of Justice has already held that Meta cannot claim a 'legitimate interest' in targeting users with advertising. How should it have a 'legitimate interest' to suck up all data for AI training?" he said in a statement.

    "We are currently evaluating our options to file injunctions, but there is also the option for a subsequent class action for non-material damages. If you think about the more than 400 million European Meta users who could all demand damages of just 500 euros or so, you can do the math," Schrems said.

    NOYB said an injunction could be filed under the EU Collective Redress, which enables consumers to pursue collective lawsuits against companies in the bloc. It set a May 21 deadline for Meta to respond.

    Meta rejected NOYB's arguments, saying its approach complies with guidance from the European Data Protection Board and follows discussions with the Irish privacy enforcer.

    "NOYB's arguments are wrong on the facts and the law," a Meta spokesperson said.

    "We've provided EU users with a clear way to object to their data being used for training AI at Meta, notifying them via email and in-app notifications that they can object at any time."

    NOYB, which last year urged EU privacy enforcers to act, said Meta could give users an option to opt-in rather than opt-out and also provide clear conditions for AI training, such as using anonymised user data, in line with EU privacy rules.

    (Reporting by Foo Yun Chee; Editing by Susan Fenton and Barbara Lewis)

    Related Posts
    Blackstone leads investment in data-security firm Cyera at $9 billion valuation, WSJ reports
    Blackstone leads investment in data-security firm Cyera at $9 billion valuation, WSJ reports
    Dollar nears 2-1/2-month low as labour data leaves rate path uncertain
    Dollar nears 2-1/2-month low as labour data leaves rate path uncertain
    Trading Day: U.S. unemployment casts its shadow
    Trading Day: U.S. unemployment casts its shadow
    Shares meander after US jobs data, oil jumps on Venezuela blockade
    Shares meander after US jobs data, oil jumps on Venezuela blockade
    Sydney mourners remember slain Rabbi at Bondi Beach funeral
    Sydney mourners remember slain Rabbi at Bondi Beach funeral
    Fitch places Euroclear Bank on 'rating watch negative' over EU's Russian asset plans
    Fitch places Euroclear Bank on 'rating watch negative' over EU's Russian asset plans
    Oil soars over 1% as Trump orders blockade of sanctioned oil tankers leaving, entering Venezuela
    Oil soars over 1% as Trump orders blockade of sanctioned oil tankers leaving, entering Venezuela
    UK to provide financial support to save its last ethylene plant
    UK to provide financial support to save its last ethylene plant
    Doctors in England begin five-day walkout during flu surge
    Doctors in England begin five-day walkout during flu surge
    Polestar secures $600 million loan from majority owner Geely Holding
    Polestar secures $600 million loan from majority owner Geely Holding
    Couple, man who died trying to stop Bondi Beach attackers praised for heroic efforts
    Couple, man who died trying to stop Bondi Beach attackers praised for heroic efforts
    Analysis-Consumer goods firms cut CEO tenures short in push for growth
    Analysis-Consumer goods firms cut CEO tenures short in push for growth

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Finance

    Explore more articles in the Finance category

    BAE Systems halves stake in Kazakh carrier Air Astana

    BAE Systems halves stake in Kazakh carrier Air Astana

    Tesla ramps up battery cell investments at German gigafactory

    Tesla ramps up battery cell investments at German gigafactory

    Stellantis says EU proposals fall short on auto industry's energy transition needs

    Stellantis says EU proposals fall short on auto industry's energy transition needs

    OpenAI taps former UK finance minister Osborne to lead global Stargate expansion

    OpenAI taps former UK finance minister Osborne to lead global Stargate expansion

    US threatens countermeasures on European service providers after EU fines

    US threatens countermeasures on European service providers after EU fines

    EU drops 2035 combustion engine ban as global EV shift faces reset

    EU drops 2035 combustion engine ban as global EV shift faces reset

    Volkswagen welcomes EU move to drop combustion engine ban

    Volkswagen welcomes EU move to drop combustion engine ban

    Incoming Kraft Heinz CEO says he reserves right to improve split

    Incoming Kraft Heinz CEO says he reserves right to improve split

    FCAS fighter jet "very unlikely" after ministers' talks, source says

    FCAS fighter jet "very unlikely" after ministers' talks, source says

    Campari's parent company settles tax dispute with 405 million euro payment

    Campari's parent company settles tax dispute with 405 million euro payment

    Universal offers to sell Downtown's Curve to win EU approval, source says

    Universal offers to sell Downtown's Curve to win EU approval, source says

    Auto sector divided as EU unveils plans to undo 2035 combustion engine ban

    Auto sector divided as EU unveils plans to undo 2035 combustion engine ban

    View All Finance Posts
    Previous Finance PostHapag-Lloyd boosted by US-China trade truce, CEO says
    Next Finance PostItaly's Mondadori confirms 2025 guidance despite 62.5% drop in its Q1 adjusted EBITDA