Tech Trends

The EU’s latest AI regulations spark a debate on data transparency.

The European Union’s new regulations on artificial intelligence (AI) will compel companies to increase transparency regarding the data used to train their systems, exposing a typically closely guarded aspect of the industry. Since OpenAI introduced ChatGPT to the public 18 months ago with backing from Microsoft (MSFT.O), interest and investment in generative AI have surged. …

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New York Legislators Approve Bill to Safeguard Youths on Social Media

On Friday, New York state lawmakers passed legislation prohibiting social media platforms from exposing users under 18 to “addictive” algorithmic content without parental consent. This makes New York the latest state to take steps toward reducing online risks for children. A companion bill, which restricts online sites from collecting and selling personal data of underage …

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The surge in artificial intelligence (AI) is poised to heighten banks’ reliance on major U.S. tech corporations, presenting fresh risks for the sector, European banking leaders cautioned.Enthusiasm for integrating artificial intelligence (AI) into financial services has escalated, particularly since the debut of OpenAI’s widely-discussed chatbot, ChatGPT, in late 2022. Banks are actively exploring ways to …

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GameStop experiences a decrease in quarterly sales.

GameStop (GME.N) announced a drop in first-quarter net sales on Friday, attributing the decline to a shift in customer preferences towards online purchases of video games and collectibles, while the retailer heavily depends on physical stores. The company recorded net sales of $881.8 million in the quarter ending May 4, marking a decrease from $1.24 …

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Current and former employees of OpenAI and Google DeepMind warn about AI risks

A group of current and former employees from AI companies, including Microsoft-backed (MSFT.O) OpenAI and Alphabet’s (GOOGL.O) Google DeepMind, expressed concerns on Tuesday about the risks posed by emerging AI technology. In an open letter, 11 current and former OpenAI employees, along with one current and one former Google DeepMind employee, stated that financial motives …

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Former Meta engineer sues company, alleging he was terminated over management of Gaza content

On Tuesday, a former Meta (META.O) engineer accused the company of bias in handling content related to the Gaza conflict, claiming in a lawsuit that Meta terminated him for addressing bugs that suppressed Palestinian Instagram posts. Ferras Hamad, a Palestinian-American engineer who had worked on Meta’s machine learning team since 2021, filed the suit in …

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Microsoft Faces Austrian Privacy Complaints Over Its Education Program

On Tuesday, Microsoft (MSFT.O) faced two complaints filed by the privacy advocacy group NOYB with the Austrian privacy watchdog concerning its online education software. These are the latest grievances against the U.S. tech giant. Online educational programs gained popularity during the COVID-19 pandemic as schools switched to remote teaching, turning students into online learners. NOYB’s …

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US lawsuit claims Musk ignored warnings and concealed Twitter stake

Elon Musk ignored repeated warnings about U.S. securities disclosure obligations potentially triggered by his growing stake in Twitter in 2022, according to a Morgan Stanley executive who assisted Musk in secretly acquiring shares in the social media company, claims a lawsuit. The lawsuit alleges that Musk and his associate Jared Birchall were aware of and …

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Sources indicate that TikTok is preparing a US version of the app’s core algorithm.

TikTok is developing a separate version of its recommendation algorithm for its 170 million U.S. users, aiming for an independent operation from its Chinese parent company and potentially easing concerns of American lawmakers who want to ban the app, according to sources familiar with the efforts. The initiative to split the source code, ordered by …

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Japan’s ‘My Number’ ID card functionality to be integrated into iPhones, confirms Japanese official

At the behest of Japanese Prime Minister Fumio Kishida, Apple CEO Tim Cook has agreed to incorporate Japan’s “My Number” identification card features into iPhones, as announced by Japan’s chief government spokesperson on Thursday. The Japanese government aims to streamline administrative processes by consolidating individuals’ tax and social security information into a unified identification card. …

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