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Top EU privacy regulator opens probe into Google’s AI
Ireland’s Data Protection Commission (DPC), the lead EU regulator...
RE-INVEST 2024: Pralhad Joshi says Rs 32.45 lakh cr finance pledged for renewables sector
Addressing the inaugural session of the 4th RE-INVEST 2024, Joshi...
A City Tailor-Made for Self-Driving Cars? Toyota Is Building One
E-palettes will run through the city using autonomous vehicle lanes, providing shared transportation, delivering packages and acting as mobile storefronts.
Beyond futuristic mobility options, the city will also feature smart homes that take out trash and restock refrigerators automatically, according to Toyota. The entire ecosystem will also be powered by hydrogen. It’s a big and ambitious bet for the automaker — although no investment figures have been disclosed, costs are likely to run upwards of a billion dollars. To help fund the project,
Toyota said last month it would sell as much as 500 billion yen ($4.6 billion) in “Woven Planet Bonds,” the biggest such issue at the time to be used in part for the new city.
Blocking Google class action would deny justice, UK court told
The case has been called “ground-breaking” and “hugely significant” by lawyers, who say it will trigger copycat claims if businesses are not fair or transparent when harvesting and using troves of personal data for commercial gain.
Claims against Facebook, TikTok, YouTube and hotels operator Marriott are among those awaiting the Supreme Court judgment.
EU calls for rethink of GMO rules for gene-edited crops
Gene-editing technology targets specific genes within an organism to promote certain characteristics or curb others, while genetic modification involves transferring a gene from one kind of organism to another.
China orders fintech firms to stick to the rules as clampdown widens
The companies will have to set up financial holding companies if they meet requirements to do so, as Alibaba’s fintech affiliate Ant Group was recently forced to do, a move that tightens capital requirements.
They should also draft “business rectification” plans to comply with regulations, cut “improper” links between their payment tools and other financial products, break “monopolies” in holding data, and prevent risks in internet mutual aid businesses.
U.S. Labor Secretary supports classifying gig workers as employees
“We are looking at it but in a lot of cases gig workers should be classified as employees… in some cases they are treated respectfully and in some cases they are not and I think it has to be consistent across the board,” Walsh told Reuters in an interview, expressing his view on the topic for the first time.
“These companies are making profits and revenue and I’m not (going to) begrudge anyone for that because that’s what we are about in America. But we also want to make sure that success trickles down to the worker,” he said.
No ransomware silver bullet, crooks out of reach
Stricken in the United States alone last year were more than 100 federal, state and municipal agencies, upwards of 500 health care centers, 1,680 educational institutions and untold thousands of businesses, according to the cybersecurity firm Emsisoft. Dollar losses are in the tens of billions. Accurate numbers are elusive. Many victims shun reporting, fearing the reputational blight.
UN offered its integrated supply chain to help India fight Covid: Spokesman
Farhan Haq, Deputy Spokesman for the UN chief said 11 help desks and on-site counselling activities on COVID-19 prevention and business continuity were set up by the UN Development Programme (UNDP), the UN Industrial Development Organization (UNIDO) and the International Labour Organisation (ILO) and these have benefitted over 140,000 employees.
UNIDO also developed an online platform to help companies bounce back from the crisis, tailored to smaller businesses, while ILO helped over 100,000 self-employed workers to access social security measures and training on safety and health.
Russia fines Apple $12 mln for alleged app market abuse
The Federal Antimonopoly Service (FAS) said on Tuesday that U.S. tech giant Apple’s distribution of apps through its iOS operating system gave its own products a competitive advantage.Facebook, TikTok and Alphabet’s Google have also come under fire. The FAS said in a statement it had imposed a turnover fine on Apple of 906.3 million roubles ($12.1 million) for the alleged violation of Russian anti-monopoly legislation.
Global InsurTech sector sees record investment, surges 180 % to $2.55 billion in Q1 2021
Eight companies accounted for more than $1.13 billion in funding during the quarter, 44% of the total raised. That marks a new quarterly high for the number of mega-round fundraisings of $100 million or more.
Targeted ransomware attacks grow 767%, India among top targets
“We’ll most likely see fewer and fewer widespread campaigns targeting everyday users. Of course, that’s not to say users aren’t still vulnerable,” said Fedor Sinitsyn, security expert at Kaspersky.
“However, the primary focus will likely continue to be on companies and large organisations, and that means ransomware attacks will continue to become more sophisticated and more destructive,” he added.