regulation - page 15

Science & Technology

OpenAI CEO Calls For Global Cooperation to Regulate AI

Sam Altman, CEO of OpenAI, during a visit to South Korea on Friday, June 9, called for coordinated international regulation of the process of development and dissemination of generative artificial intelligence.

News

Meta to Appeal Kenya’s Court Decision

Meta plans to appeal the Kenyan court’s decision, according to which the company received the status of an employer of moderators of content published on the platforms of the technology giant in sub-Saharan Africa.

News

Sam Altman Denies Start of GPT-5 Training

OpenAI has not yet started training GPT-5.

News

Korean Prosecutors Seek Crypto Millions Tied to Do Kwon and TerraUSD

The South Korean prosecutor’s office said that Do Kwon, after his arrest at the end of March, was able to withdraw tens of millions of dollars from an organization that is associated with his blockchain project, which suffered a crushing failure.

News

Philippines Cuts Banks’ Reserve Ratio

The Central Bank of the Philippines decided to reduce the level of the norm on the availability of mandatory reserves for financial institutions at the end of the month.

Science & Technology

Dutch Watchdog Wants to Know How ChatGPT Handles Personal Data

The Dutch privacy regulator has sent a letter to the creators of ChatGPT OpenAI, which contains a request to clarify the algorithm for processing confidential user information.

Finance & Economics

FTC Returns $392 Million to Consumers After Law Enforcement Actions

In the United States, the Federal Trade Commission (FTC) last year returned $392 million to citizens after a refund made possible as a result of the actions of law enforcement officers.

Science & Technology

Open AI Receives Warning From Japanese Privacy Watchdog

The Japanese privacy protection service on Friday, June 2, announced that it had sent a warning to the OpenAI startup, which received investments from Microsoft and developed a popular chatbot based on artificial intelligence ChatGPT, about the inadmissibility of using the practice of collecting personal information without obtaining prior permission to perform these actions from […]

Finance & Economics

US Passes Bill to Avoid Default: What to Expect?

The US House finalized a bill to suspend the debt ceiling on Wednesday, just days left before the country was expected to default. What comes next for the national debt and financial markets?

News

Meta Seeks to Force FTC Into Court to Change Privacy Settlement

Meta Platforms has appealed to a federal court to deprive the Federal Trade Commission (FTC) of the opportunity to move forward as part of the agency’s procedure to review its confidentiality agreement reached in 2020.

News

Amazon to Pay $30.8 Million to Settle FTC Privacy Claims

Amazon has agreed to pay $30.8 million as part of the resolution of two cases brought by the Federal Trade Commission in connection with violations of the privacy of the company’s smart devices.

News

MiCA Now Officially Signed into Law

EU officials have signed the Markets in Crypto-Assets (MiCA) bill into law following final approval from finance ministers

News

Currency One Announces Appeal Against Non-Final Judgement

A court case pending since October 2013, on the charges against Currency One SA brought by Cinkciarz.pl ended with the decision of the District Court of Poznan, which has not yet entered into force.

News

SEC Hits Former Wells Fargo Community Bank Lead With $3 Million Fine

In the United States, the Securities and Exchange Commission on Tuesday, May 30, announced an agreement with the former head of the Community Bank Wells Fargo & Co. Carrie L. Tolstedt.

News

Mastercard to Share Card Data With Other Payment Networks Under FTC Order

Under the FTC card data routing order, Mastercard must start providing competing networks with customer account information they need to process debit payments

Fintech & Ecommerce

Cinkciarz Wins Judgement in Google Ads Case

The Polish court ordered the owner Internetowykantor.pl and the Walutomat website, an online currency exchange service platform, to apologize and pay compensation to Cinkciarz.pl, the company from Conotoxia Holding, and donate an additional amount to charity.