In this Bloomberg Technology video, Kurt Wagner analyzes Facebook’s rebranding and steering away from facial recognition technology. The company has recently received a lot of flak because of data privacy issues. Consumers no longer trust the social media platform with their data. Keeping that in mind, Facebook is not moving forward with facial recognition technology for its social site. However, it might be using the technology for the rebranded Metaverse platform in the future. Various tech brands use facial recognition technology. Facebook’s decision will not stop others from optimizing it. For instance, users will still have devices with the technology to access their devices.
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