March 16, 2024
Tech News
SpaceX has implemented strict conditions on employee stock awards, including a clause that prevents employees from selling their vested shares if they have committed acts of dishonesty against the company or violated company policies. This policy has raised concerns among employees about the control SpaceX holds over their compensation and the potential impact on their financial future, especially since SpaceX is not publicly traded and the timing of a public offering is uncertain.
Pornhub has blocked access to its site for users in Texas in response to state laws requiring age verification. This move is part of Pornhub’s ongoing battle with several states over similar legislation. The company has expressed concerns about privacy and the practicality of enforcing such laws, opting to restrict access rather than comply with the requirements.
In the US, some teachers are turning to AI-powered tools like Writable, Crowdmark, EssayGrader, and Gradescope to grade student papers. This practice is gaining popularity as it saves time and allows teachers to focus on creating more engaging and creative lessons. However, the use of AI in grading raises ethical questions and concerns about the impact on students’ learning experiences.
Bank Muamalat Malaysia is transitioning its core banking systems to the cloud to improve operational efficiency, reduce costs, and enhance security. The bank plans to use generative AI capabilities to analyze data and deliver personalized digital banking services. This move is part of a broader trend among financial institutions to leverage cloud technology and AI for better service delivery.
Acer Philippines has reported a security incident involving unauthorized access to a database managed by a third-party vendor. The database contained employee attendance data, but Acer assures that customer databases were not affected. The company is investigating the incident and has notified relevant authorities. This incident highlights the ongoing cybersecurity challenges faced by companies worldwide.
Tech Explained
AI-powered tools – These are tools that use artificial intelligence algorithms to perform tasks that typically require human intelligence, such as grading student papers in the case of teachers using Writable, Crowdmark, EssayGrader, and Gradescope.
Core banking systems – These are the central systems that process transactions, manage customer accounts, and provide core banking functionalities for financial institutions like Bank Muamalat Malaysia.
Security incident – This refers to an event where unauthorized access, data breaches, or other security breaches occur, as seen in the case of Acer Philippines’ database being accessed by unauthorized parties.
