Elon Musk’s $44 billion Twitter acquisition in 2022 not only involved major financial institutions but also had indirect ties to two Russian oligarchs connected to the Kremlin. The revelation came after a federal judge ordered the unsealing of shareholder documents for X Holdings Corp. Among the investors in Musk’s venture is 8VC, a firm that […]
The European Parliament has passed a draft law known as the A.I. Act, which aims to regulate artificial intelligence (AI) and its riskiest uses.The draft law would impose new restrictions on facial recognition software and require AI system developers to disclose more about the data used in their programs. The European Union has been debating […]
A Berlin-based bank has been fined 300,000 euros by the Berlin data protection commissioner. The fine was imposed due to the bank’s lack of transparency regarding the automated rejection of a credit card application.The bank’s algorithm rejected the customer’s application without providing specific justification. The bank only provided general information about the scoring procedure but […]
Microsoft is testing a “private ChatGPT” alternative to its language model, which is designed to alleviate concerns about data privacy. The private version, called “Microsoft Private AI,” would be limited to a specific organization and its data would not leave the organization’s network. This move comes as companies are increasingly concerned about the security and […]