Governance

Top tech news stories today: September 20, 2024

IT infrastructure 1. Social media users lack control over data used by AI, US FTC says Social media companies collect, share and process vast troves of information about their users while offering little transparency or control, including over how it is used by systems incorporating artificial intel…

Top tech news stories today: September 20, 2024

Headline

IT infrastructure 1. Social media users lack control over data used by AI, US FTC says Social media companies collect, share and process vast troves of information about their users while offering little transparency or control, including over how it is used by systems…

Context

Social media companies collect, share and process vast troves of information about their users while offering little transparency or control, including over how it is used by systems incorporating artificial intelligence, the U.S. Federal Trade Commission said in a report released on Thursday. ( US News ) EU antitrust regulators launched proceedings on Thursday to ensure that Apple complies with landmark rules requiring it to open up its closed ecosystem to rivals or risk a possible hefty fine. ( WestLaw Today )

Evidence

Pending intelligence enrichment.

Analysis

SpaceX stated on Thursday that it is “absolutely committed to safety in all operations” after the United States Federal Aviation Administration (FAA) fined the company $633,009 for using unapproved equipment and failing to follow safety procedures during two launches in 2023. SpaceX said it “forcefully rejects” the allegations. ( Breaking the News ) Struggling chipmaker Intel said on Thursday it had no plans to divest a majority stake in Mobileye, sparking an 8% rise in the self-driving tech firm’s shares in premarket trading. ( WTAQ ) Amazon announced on Thursday a new artificial intelligence application that it says will help its independent sellers with sales metrics, inventory maintenance and product advertising, among other things. ( Economic Times ) Russian retailers have launched pre-sales of Apple’s latest iPhone, circumventing the company’s export ban to Russia and giving consumers the chance to pre-order devices hundreds of dollars more expensive than in the United States. ( Print )

Key Points

  • IT infrastructure
  • 1. Social media users lack control over data used by AI, US FTC says
  • 2. EU antitrust regulators to spell out how Apple must open up to rivals
  • 3. SpaceX ‘forcefully rejects’ FAA allegation it violated launch requirements
  • Tech trends

Actions

Pending intelligence enrichment.

Author

Tuna Tu