Starting August 1, the European Union’s new Artificial Intelligence Act is officially in effect, marking a big step in how AI technology will be regulated in Europe. This law is designed to keep AI systems in check as they become more advanced and widespread reports Cointelegraph. What’s the AI Act
Delta Air Lines faced a colossal $500 million hit due to a major IT outage earlier this month that stranded thousands of passengers. The outage, caused by a flawed software update from CrowdStrike, led to the cancellation of over 4,000 flights and massive daily costs for compensation and hotels. The
Australia’s bold move to make Google and Facebook pay for news content they share turned into a high-stakes drama when the tech giants threatened to pull out of the country. But instead of leaving Google and Facebook cut deals worth $166 million annually with local news outlets, avoiding the full
Nigeria has hit Meta, the parent company of Facebook, Instagram, and WhatsApp, with a staggering $220 million fine for violating local data privacy laws. After a thorough investigation revealed that Meta’s policies deny Nigerian users the right to control their personal data, the government demanded immediate changes and a hefty
Chinese tycoon Guo Wengui has been convicted by a New York jury for swindling over $1 billion from his supporters to fund his opulent lifestyle. Guo, known for his outspoken criticism of Beijing, faced charges including racketeering and fraud, with potential sentences of up to 20 years each. His trial
Hyundai is facing a major lawsuit from Napleton Aurora Imports and other dealers, who accuse the company of pressuring them to inflate their electric vehicle (EV) sales figures. According to the lawsuit, Hyundai allegedly instructed dealers to report unsold cars as “sold” or “loaned out,” only to reverse these transactions
Israeli Prime Minister Benjamin Netanyahu altered his travel plans amid fears of an arrest warrant from the International Criminal Court (ICC). He canceled visits to the Czech Republic and Hungary on his way to the United States to address Congress, opting for a direct flight to avoid potential legal complications.
Boeing has agreed to a $243.6 million plea deal to avoid a criminal trial over two fatal crashes involving its 737 Max planes. These crashes in Indonesia and Ethiopia killed 346 people combined. As part of the deal, Boeing will admit to criminal fraud related to misleading regulators about the
Companies are taking drastic measures to stop AI systems from scraping their text for training purposes. This has sparked a fierce battle between content-rich websites and AI developers who need vast amounts of text to improve their models. Major sites like X (formerly Twitter) and Reddit have implemented strict rate
