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Showing posts from May, 2023

GDPR turns 5: Meta has amassed €2.5B in fines — over 50% of the total

GDPR turned five this week — and celebrated in customary style: by slapping Meta with another eye-watering fine. At a record-breaking €1.2bn, the punishment was the perfect self-gift for the EU regulation. For Meta, however, it marks another miserable anniversary. According to research by Privacy Matters, Mark Zuckerberg’s demonic brainchild has accrued over half of the €4bn in total GDPR fines. After amassing a staggering €2.5bn across seven separate penalties, it’s safe to say that Meta won’t be attending the birthday party. But it wasn’t likely to have got an invite anyway. The social media behemoth has been feuding with… This story continues at The Next Web https://ift.tt/Us6k3Nd Read full article: The Next Web
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5 ways Europe can reduce the risks of AI replacing jobs

It seems barely a day goes by without a new report of artificial intelligence replacing jobs. On Thursday, BT added the latest bad news, when the UK telecoms giant announced plans to replace 10,000 staff with AI. Across Europe, predictions on automation’s effect on jobs vary wildly,  but all agree that major changes are inevitable. With the impact already being felt, the need for government action is becoming urgent. Here are five interventions they can take. 1. Retraining the workforce The concept of a “job for life,” was disappearing even before AI’s relentless march into the workplace. Increasingly, we’re becoming accustomed to… This story continues at The Next Web https://ift.tt/JOobY2m Read full article: The Next Web
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Technology has been a major enabler in serving major customer segments in rural and Tier III/IV areas: Casparus J H Kromhout, MD & CEO, Shriram Life Insurance Company - Express Computer

May 15, 2023 at 12:42AM: Technology has been a major enabler in serving major customer segments in rural and Tier III/IV areas: Casparus J H Kromhout, MD & CEO, Shriram Life Insurance Company    Express Computer https://ift.tt/p2owLhG Read full article "technology" - Google News
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EU nears ban on predictive policing and facial recognition after AI Act vote

The EU is edging closer to a landmark ban on predictive policing and facial recognition. At a crunch vote today on the bloc’s flagship AI Act, two committees of MEPs overwhelmingly endorsed sweeping new rules on artificial intelligence. The text now moves to a vote by the entire European Parliament in June. Once approved, the regulation will become the world’s first comprehensive AI law. At Thursday’s vote, MEPs approved a strengthened version of the rulebook. The Act now prohibits predictive policing and facial recognition in public spaces. The amendments also introduce new restrictions on generative models, such as ChatGPT, and… This story continues at The Next Web https://ift.tt/0niufcY Read full article: The Next Web
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