Governance
Top tech news stories today: June 11, 2024
At the nearly two-hour-long WWDC, Apple introduced Apple Intelligence, its AI model that uses personal data on users’ devices for answers.
Headline
At the nearly two-hour-long WWDC, Apple introduced Apple Intelligence, its AI model that uses personal data on users’ devices for answers.
Context
Microsoft unveils Xbox updates and Flight Simulator 2024. Nvidia execs sell shares as stock soars. Apple announces iOS 18, macOS Sequoia, and watchOS 11 updates; Meta adds AI to WhatsApp Business. During a San Francisco fundraiser, Donald Trump positioned himself as a pro-crypto candidate, criticising Democrat regulations. He raised $12 million, supported by tech investors. ( Reuters )
Evidence
Pending intelligence enrichment.
Analysis
Trustee Jelena McWilliams revealed an $85 million shortfall in Synapse’s accounts, impacting over 100,000 customers. The crisis, the worst in the fintech sector in years, has left customers locked out of their accounts due to fund balance discrepancies. ( CNBC ) The Australian government’s draft online safety standards threaten end-to-end encryption, risking user privacy and security. In May, the Internet Architecture Board and Global Encryption Coalition urged the eSafety Commissioner to protect encrypted services. ( IAB ) To comply with EU rules, LinkedIn has discontinued using sensitive personal data for targeted advertising. This change followed a complaint to the European Commission under the Digital Services Act. ( Reuters ) Microsoft’s annual Xbox Games Showcase revealed new all-digital Xbox Series X and S consoles and trailers for over a dozen games, including “Call of Duty.” Microsoft aims to boost console sales and promote Xbox Game Pass, featuring titles like “Doom” and “Gears of War.” ( Reuters )
Key Points
- Fintech
- 1. Trump pitches himself as ‘crypto president’ at San Francisco tech fundraiser
- 2. Synapse bankruptcy trustee says $85 million of customer savings is missing in fintech meltdown
- Internet governance
- 3. IAB co-signed joint letter in response to Australian eSafety proposed industry standards
Actions
Pending intelligence enrichment.
