December 4, 2024
Tech News
The Federal Trade Commission (FTC) has banned data brokers Gravy Analytics and Mobilewalla from selling sensitive location data of Americans. The companies were found to have collected and sold data that could track individuals to sensitive locations, posing risks to privacy and safety. The ruling requires them to establish a sensitive data location program and prohibits misrepresentation of their data practices.
Intel CEO Pat Gelsinger has unexpectedly retired after less than four years, amid reports suggesting he was pushed out by the board due to a lack of confidence in his turnaround plan for the struggling chipmaker. Intel has faced significant challenges, including missed opportunities in mobile and AI markets, quality control issues, and declining revenues. The board’s decision comes amid increasing scrutiny of Gelsinger’s leadership and Intel’s financial performance.
Southeast Asia’s logistics provider Ninja Van Group has streamlined its financial data management by adopting Workday Adaptive Planning, a cloud-based enterprise performance management software. This transition has centralized their finance and operations data, replacing error-prone manual processes, and enabling more efficient data collection and reporting. The move supports the company’s new services and enhances its competitive advantage.
Hugging Face CEO Clément Delangue highlighted the rise of Chinese open-source AI models, noting their strong performance. He emphasized the importance of global AI diversity to prevent over-concentration in specific regions and called for open-source efforts to remain free from bias and restrictions.
Tech Explained
Data Brokers – Companies that collect and sell data about individuals, including sensitive information like location data.
Enterprise Performance Management – A process that helps organizations plan, monitor, and manage their business performance effectively.
Open-source – Software or AI models that are freely available for use, modification, and distribution by anyone.
Censorship – The suppression or control of information that may be considered harmful, sensitive, or inappropriate.
AI – The simulation of human intelligence processes by machines, including learning, reasoning, and self-correction.
To learn more about AI, check out our AI Mentoring Program: From Beginner to Innovator.
