Advanced Tech

OpenAI has taken ChatGPT offline in Italy after the government’s Data Protection Authority on Friday temporarily banned the chatbot and launched a probe over the artificial intelligence application’s suspected breach of privacy rules. The agency, also known as Garante, accused Microsoft-backed OpenAI of failing to check the age of ChatGPT’s users who are supposed to […]

Tesla Chief Executive Elon Musk is making plans to visit China as early as April and is seeking a meeting with China’s Premier Li Qiang, two people with knowledge of planning for the trip told Reuters. The exact timing of the visit is subject to Li Qiang’s availability, one of the sources said. Tesla and […]

A bipartisan group of U.S. senators introduced a bill on Thursday aimed at cutting Google and Facebook’s clout in online advertising, an early sign that lawmakers will press on with efforts to rein in Big Tech in the new congress. The bill targets Alphabet’s Google and Meta’s Facebook, as well as and Apple, according […]

The White House on Thursday issued a plan officials say would substantially reduce the risk of another crisis in the banking industry, after U.S. banks failed and a Swiss lender needed a government rescue earlier this month. The plan, which can be accomplished by regulators with their existing powers, mostly would put stricter requirements on […]

The tech ethics group Center for Artificial Intelligence and Digital Policy is asking the U.S. Federal Trade Commission to stop OpenAI from issuing new commercial releases of GPT-4, which has wowed some users and caused distress for others with its quick and human-like responses to queries. In a complaint to the agency on Thursday, which […]

ex-SocGen Bankers

U.S. criminal charges should be dropped against two former Societe Generale SA bankers for allegedly trying to rig the London interbank offered rate, prosecutors told a New York court on Wednesday. Muriel Bescond, a former head of Societe Generale SA’s Treasury desk in Paris, and her boss Danielle Sindzingre, who was SocGen’s global head of […]

 The U.S. Federal Deposit Insurance Corporation (FDIC) will take the plight of community banks into account when charging financial institutions a “special assessment fee” to cover recent losses incurred over the U.S. banking crisis, the FDIC’s head told lawmakers in a hearing on Wednesday. The special assessment fee, which is required by law, will help […]

Apple Inc on Tuesday launched its “buy now, pay later” (BNPL) service in the United States, a move that threatens to disrupt the fintech sector dominated by firms like Affirm Holdings and Swedish payments company Klarna. The service, Apple Pay Later, will allow users to split purchases into four payments spread over six weeks with […]