November 23, 2024
Tech News
A report highlights the privacy concerns surrounding wearable health devices and apps, which collect sensitive health data without adequate consumer protection. Experts warn that this data could be misused for targeted advertising, discrimination, and surveillance. The Mozilla Foundation’s research calls for clearer laws to protect bodily data and emphasizes the need for consumers to be informed about data collection practices.
Illumen Capital has launched a $32.75 million “Catalyst Fund” aimed at supporting underrepresented fund managers and founders. This initiative comes at a time when diverse funding sources are declining, particularly for Black founders. The fund will focus on first-time managers and early-stage companies, with a goal to invest in sectors like education, health, and sustainability.
OpenAI’s ChatGPT has experienced significant growth, now being utilized by numerous Fortune 500 companies for diverse applications, including customer support and creative writing. Recently, OpenAI introduced the GPT-4 Turbo model, enhancing creative and multimodal capabilities. Additionally, OpenAI has been addressing internal challenges such as leadership changes and external legal scrutiny related to copyright issues.
Tech Explained
Privacy – In the context of wearable health devices and apps, privacy concerns refer to the risks associated with the collection and use of sensitive health data without adequate protection for consumers.
Venture Capital – Venture capital is a type of financing provided to early-stage companies that have the potential for high growth in exchange for equity ownership.
OpenAI – OpenAI is an artificial intelligence research laboratory consisting of the for-profit OpenAI LP and the non-profit OpenAI Inc. It aims to ensure that artificial general intelligence benefits all of humanity.
ChatGPT – ChatGPT is a conversational AI model developed by OpenAI that uses the GPT (Generative Pre-trained Transformer) architecture to generate human-like responses in text-based conversations.
Fintech – Fintech, short for financial technology, refers to the use of technology to improve and automate financial services. It includes a wide range of applications, from mobile payment apps to blockchain technology.
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