Meta (META) Faces Lawsuit in France Over AI Copyright Violations

We recently published a list of 12 AI Stocks Poised for Massive Growth. In this article, we are going to take a look at where Meta Platforms, Inc. (NASDAQ:META) stands against other AI stocks poised for massive growth.

With the AI arms race heating up every passing day, more businesses and countries are eager to stake their claim in the rapidly evolving industry. However, restrictions on artificial intelligence chip exports, particularly those announced in the final days of outgoing President Joe Biden’s administration, have made progress in AI difficult for some.

The restrictions have capped AI chips and technology exports to most countries, blocked access to China and the three other adversaries, and allowed almost unlimited access for Washington’s closest allies.

“The US leads AI now – both AI development and AI chip design, and it’s critical that we keep it that way”

-US Commerce Secretary Gina Raimondo told reporters before the announcement was made.

One country that has not been included by Washington among the “key allies and partners” exempted from the measures is Poland. However, it has recently come to light that the country hopes these restrictions may be lifted.

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Reuters reported on the news, stating that Polish deputy digital minister Dariusz Standerski said there is a chance that the Trump administration may lift restrictions on Poland’s access to the U.S.-designed AI chips. According to Standerski, Biden’s decision was “irresponsible” and “the outgoing administration was unable to provide us with a specific reason why we found ourselves in tier two”.

However, he confirmed that dialogue with the new administration has been “very constructive”.

“I think there is a big chance for that. Consultations last until May 15.”

– Standerski, when asked whether there was a chance that Poland would end up in tier one.

The Polish deputy digital minister also said that Polish Deputy Prime Minister Krzysztof Gawkowski discussed rolling back the AI chip curbs on Poland with U.S. Vice President JD Vance during the AI Action Summit in Paris last month. Even some tech groups have been asking President Donald Trump’s team to ease export restrictions, saying the measures should not extend to a group of U.S. allies.

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Meta (META) Faces Lawsuit in France Over AI Copyright Violations

Photo by Timothy Hales Bennett on Unsplash

Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Investors: 235

Meta Platforms, Inc. (NASDAQ:META) is a global technology company. On March 12, Reuters reported that France’s leading publishing and authors’ associations have filed a lawsuit against U.S. tech giant Meta. The lawsuit alleges that Meta has used their copyright-protected content on a massive scale without authorization to train its artificial intelligence (AI) systems. The National Publishing Union (SNE), the leading professional publishing association, the National Union of Authors and Composers (SNAC) and the Society of Men of Letters (SGDL), said that they have filed a complaint against Meta earlier this week in a Paris court for alleged copyright infringement and economic “parasitism”.

“It’s a bit of a David versus Goliath battle. It’s a procedure that serves as an example.”

-SNE Director General Renaud Lefebvre.

Overall, META ranks 2nd on our list of AI stocks poised for massive growth. While we acknowledge the potential of META as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than META but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.