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CFPB to muscle up for AI safety in ensuring automated systems comply with the law
May 29,2023
The Consumer Finance Protection Bureau (CFPB), the agency of the United States government responsible for consumer protection in the financial sector, is taking additional measures to ensure that artificial intelligence (AI) is used properly to avoid...
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Google ordered to pay Sonos $32.5 Million in smart-speaker patent case
May 27,2023
A San Francisco federal jury has ruled that Google must pay$32.5 million in damages to Sonos for infringing on one of the smart-speaker maker's patents in its wireless audio devices. This ruling is part of a broader intellectual property conflict bet...
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USAID launches digital invest program to mobilise private capital for digital finance and internet service providers in developing markets as part of President Biden's global infrastructure initiative
May 27,2023
Within the framework of President Biden's initiative to strengthen global infrastructure, the United States International Development (USAID) kicked off the Digital Invest program under the Digital Connectivity and Cybersecurity Partnership (DCCP). T...
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Nanjing launches Chinese Metaverse Platform
May 25,2023
The Nanjing University of Information Science & Technology held a Metaverse Application Creation and Inaugural Conference of China's Metaverse Technology and Application Innovation Platform. The Metaverse Platform was established to effectively i...
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EU regulators' group sides with Big Tech against telcos' network fee push
May 22,2023
The Body of European Regulators for Electronic Communications (BEREC), which consists of EU telecoms regulators, has criticised the efforts of telecom providers to make Big Tech companies contribute to the cost of 5G and broadband rollout in Europe. ...
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UAE aiming to lead the way in Metaverse innovation with digital smell technology
May 21,2023
The United Arab Emirates (UAE) is embracing the potential of the metaverse and attracting innovative startups in the field. One such startup is Auralink, co-founded by 21-year-old Italian inventor Alistair Pernigo. Auralink specialises in advanced te...
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UK Government launches National Semiconductor Strategy to boost tech industry and secure global leadership
May 20,2023
The UK government has unveiled its National Semiconductor Strategy, a 20-year plan aimed at strengthening the country's semiconductor industry. The strategy includes up to
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ChatGPT App rolled out to Apple users while banned for Apple's own staff
May 19,2023
OpenAI is introducing its ChatGPT app to users of Apple's IOS. The app is already available for IOS customers in the US and will be gradually offered in other countries in the coming weeks. The ChatGPT app is available as a free version that allows s...
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European Commission considers trade secret safeguards in Data Act as exceptions, not the rule
May 16,2023
The European Commission (Commission) is considering including trade secret safeguards in the Data Act as long as they are considered an exception and not a rule. The Data Act aims to enable users of connected devices to access and share the data they...
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Italy is investing money to protect workers from the threat of AI substitution
May 16,2023
Italy allocated 30 million euros to up-skill the unemployed and workers whose jobs are most at risk due to advances in automation and Artificial Intelligence. According to the Reuters report, the funding for educational improvement will come in two w...
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The G7 group agrees on diversifying global supply chains
May 14,2023
The finance ministers and central bank governors of the G7 nations have agreed to work together to diversify global supply chains, reduce reliance on a single source for critical goods, and create more resilient economies. The move comes in response ...
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Meta introducing AI Sandbox for advertisers
May 12,2023
Meta announced the launch of new AI-powered tools and services for advertisers, including the AI Sandbox, which allows advertisers to test generative AI-powered ad tools, as part of Meta's efforts to demonstrate the value of AI investments amid slowi...
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