EU

Meta Faces Record EUR 1.2 Billion Fine in EU Over User Data Transfer to US

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[ad_1] Facebook owner Meta has been fined a record EUR 1.2 billion (nearly Rs. 10,750 crore) for transferring EU user data to the United States in breach of a previous court ruling, Ireland’s regulator announced Monday. The Irish Data Protection Commission (DPC), which acts on behalf of the European Union, said the European Data Protection … Read more

Regulators Employ Old Rules, Creative Thinking to Tackle ChatGPT-Like AI Technology

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[ad_1] As the race to develop more powerful artificial intelligence services like ChatGPT accelerates, some regulators are relying on old laws to control a technology that could upend the way societies and businesses operate. The European Union is at the forefront of drafting new AI rules that could set the global benchmark to address privacy … Read more

EU Antitrust Regulators Quiz Microsoft’s Rivals on Request for Customer Data

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[ad_1] EU antitrust regulators are asking Microsoft’s rivals what kind of customer data they are required to provide to the US tech giant as part of their Azure cloud contracts, six months after a trade group complained about its cloud computing practices. Cloud Infrastructure Services Providers in Europe (CISPE), whose members include Amazon, alleged last … Read more

France Extends Invitation to Crypto Firms Looking to Exit US’ Loose Crypto Ecosystem

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[ad_1] The US, which is currently undergoing a tumultuous financial time, could be scaring crypto companies to flee out to the international markets. France, meanwhile, seems to be looking at this difficult situation in the US as a way to boost its own crypto and Web3 ecosystem. The country has invited crypto players looking to … Read more