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Meta Accused of Funding AI Push with Profits from Scam Ads . . . A bombshell investigation by Reuters has uncovered internal documents revealing that Meta knowingly profits from scam advertisements on Facebook, Instagram, and WhatsApp to the tune of billions of dollars annually
Meta’s Scam Ad Windfall: Fueling the AI Arms Race Internal documents reveal Meta earned $16 billion from scam ads in 2024, comprising 10% of revenue, which helped fund its massive AI investments amid reluctance to curb fraud for profit reasons This exposes a shadowy link between illicit ads and tech innovation
Instapundit » Blog Archive » ANTISOCIAL MEDIA: Bombshell . . . ANTISOCIAL MEDIA: Bombshell report exposes how Meta relied on scam ad profits to fund AI Documents showed that internally, Meta was hesitant to abruptly remove accounts, even those considered some of the “scammiest scammers,” out of concern that a drop in revenue could diminish resources needed for artificial intelligence growth Instead of promptly removing bad […]
Bombshell report exposes how Meta relied on scam ad profits . . . Meta appeared to be less likely to ramp up enforcement from police requests Documents showed that police in Singapore flagged “146 examples of scams targeting that country’s users last fall,” Reuters reported