05/22/2023 Digital Infrastructure News and Trends (DINT)

Meta gets fined $1.3 billion for violating EU privacy laws. President Biden needs 50,000 engineers to make the CHIPS Act a success. Intel continues to play catch-up in the AI chip game.

Meta Runs Afoul of EU Privacy Law, Officials Levy a Record $1.3B Fine

Meta, Facebook’s parent company, didn’t abide by the E.U.’s privacy regulation GDPR by funneling and storing EU citizen data in the U.S. The E.U. levied a €1.2 billion / $1.3 billion fine on Meta for a series of privacy infractions. The fine eclipses Amazon’s €746 million / $844 millio…