September 27, 2024

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Meta Fined $101.5 Million by Irish Data Protection Commission for 2019 Security Breach

Key Points The Irish DPC fined Meta $101.5 million (€91 million) for storing user passwords in plain text. The breach affected up to 600 million passwords, accessible internally by 20,000 employees but not external parties. The DPC ruled Meta violated several GDPR, including delayed breach notification and inadequate security measures. The company received a formal reprimand, with further details to be disclosed in the DPC’s final decision. The Irish Data Protection Commission (DPC) has fined Meta $101.5 million (€91 million)...

Latest September 27, 2024

Amazon’s $4 Billion Partnership with Anthropic Cleared by UK Regulator

Key Points UK's CMA will not investigate Amazon’s $4 billion investment in Anthropic, citing a lack of jurisdiction. Anthropic is an AI startup co-founded by ex-OpenAI executives Dario and Daniela Amodei. The CMA has also cleared Microsoft’s partnership with Inflection AI but is still reviewing Alphabet’s collaboration with Anthropic. Globally, regulators are concerned that big tech companies are gaining excessive...

Revolutionizing Visual Intelligence with Modern Technology

With the advancement of modern technology, visual intelligence has revolutionized, providing us with new ways to interact with and understand the world around us. This article discusses the importance of visual intelligence, how the technologies are revolutionizing it, its applications, and its limitations. Why is Visual Intelligence Important? Visual intelligence, the ability to understand and interpret visual information, is essential...

US Stocks Open Higher as Inflation Slows, European Markets Rally

Key Points U.S. Stocks rose with the S&P 500, and Dow Jones saw gains as inflation slowed closer to the Fed's 2% target. U.S. personal spending grew by 0.2% in August, marking the slowest increase in seven months. European markets reached record highs, driven by China’s potential new stimulus measures. Oil prices fluctuated as traders assessed the impact of increased...

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