October 14, 2024 at 11:51PM India’s Reserve Bank Governor, Shri Shaktikanta Das, cautioned that while AI offers financial growth opportunities, it also poses systemic risks and concentration concerns in the financial sector. He emphasized the importance of risk mitigation measures for banks and highlighted the need for improved cross-border payment systems and vigilance against misinformation … Read more
July 10, 2024 at 09:48AM The rush to regulate artificial intelligence is driven by its emerging potential and associated risks. The dominance of Big Tech in developing AI raises concerns about their profit-driven approach. OpenAI’s transition from non-profit to Microsoft-influenced illustrates complexities and need for regulation. However, the effectiveness of regulation is in question, given … Read more
June 14, 2024 at 10:01AM Meta offering customers in the EU the choice between paying for privacy or consenting to tracking has sparked an investigation. Critics argue that this model violates privacy rights and coerces users. Users can protect themselves by using privacy-focused browsers, VPNs, and adjusting social media settings. Staying informed about consumer rights … Read more
May 6, 2024 at 09:08PM Apple is compelling iOS developers to justify the use of specific APIs for device fingerprinting while seemingly overlooking compliance by Google, Meta, and Spotify. Device fingerprinting, which gathers unique device identifiers for targeted advertising, raises privacy concerns. Non-compliant apps post-May 1, 2024, face rejection from the iOS App Store. Enforcement … Read more
April 26, 2024 at 02:23PM Kaiser Permanente notified 13.4 million current and former members about potential unauthorized data transmission to Google, Microsoft, and Twitter, from its websites and apps. The transmitted information included personal and health-related data, but not sensitive identifiers. Kaiser has taken measures to remove the technology and prevent recurrence. This raises concerns … Read more
April 22, 2024 at 04:38AM Bill Gates, a famous tech founder, failed to fulfill his promise of eliminating spam. Google faces challenges combating AI-powered spam, risking revenue and user trust. The company’s dependence on ad revenue and content manipulation has led to a toxic web experience. A potential solution involves empowering users and content providers … Read more
March 7, 2024 at 09:34AM Apple is making significant changes to the iPhone’s App Store in Europe under the Digital Markets Act, allowing alternative app stores and payment methods. Despite concerns about security risks and increased competition, European regulators are hopeful that the consumer benefits will outweigh the challenges faced by tech giants like Apple. … Read more