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A shiny new data transfers deal between the European Union and the United States aimed at fixing costly legal uncertainty over exports of personal data isn’t in place yet but the European Parliament’s civil liberties committee is predicting the incoming EU-U.S. Data Privacy Framework (DPF) won’t survive a legal challenge — just as its two
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Former BitPay Chief Commercial Officer Sonny Singh, who invested in FTX in 2020 when it was valued at $16 billion, joins Caroline Hyde and Ed Ludlow to discuss the FTX empire fallout, the impact on the wider crypto space, and what other crypto companies he thinks might crash. ——– Like this video? Subscribe to Bloomberg
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In the past couple of weeks, already an ice age ago in AI hype terms, a number of very well known names in tech (Elon Musk! Woz!) signed an open letter calling for a halt on the development of AI models more powerful than OpenAI-s GPT-4 — arguing humanity needs time for planning and management
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Spotify today is introducing new technology that will give radio broadcasters the ability to turn their existing audio content into podcasts, or what it’s calling “broadcast-to-podcast.” Based on IP Spotify acquired in late 2021 from an Australia-based podcast tech company Whooshkaa, the feature set will be integrated into Spotify’s enterprise podcast tech platform Megaphone, where it’s
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Elevate, a consumer benefits administration platform, today announced that it raised $28 million in a funding round led by Anthemis with participation from Fin Capital Norwest Venture Partners, Greycroft, Bowery Capital, and Firebolt Ventures. The new cash, which brings Elevate’s total raised to $43 million, will be put toward product development, hiring and customer acquisition,
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Spain’s data protection authority, the AEPD, has followed Italy’s lead and announced a preliminary investigation of ChatGPT-maker OpenAI over suspected breaches of the European Union’s General Data Protection Regulation (GDPR). At the end of last month, Italy’s DPA ordered OpenAI to stop processing locals’ data — over a range of suspected breaches of the GDPR
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Ira Lam Contributor Ira Lam is chief legal officer at SuperLayer, a web3 venture studio for launching new multi-chain, tokenized consumer products. The full magnitude of the impact of the current market volatility in the wake of the collapse of FTX is still unknown. The dominoes keep falling and it is hard to predict how
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Generative AI, particularly text-to-image AI, is attracting as many lawsuits as it is venture dollars. Two companies behind popular AI art tools, Midjourney and Stability AI, are entangled in a legal case that alleges they infringed on the rights of millions of artists by training their tools on web-scraped images. Separately, stock image supplier Getty Images
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India’s smartphone exports have more than doubled, reaching over $11 billion in the fiscal year that ended in March, according to trade data examined by the industry body India Cellular and Electronics Association and government officials, underscoring the South Asian market’s growing ambition to become a global hardware manufacturing hub. Smartphone exports of $11.2 billion
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