Tag Archives: Regulators

ChatGPT under threat from European regulators

Concerns about GDPR compliance might extend to other AI solutions too. Kim Davis on April 3, 2023 On Friday, Italian regulators imposed a ban on generative AI tool ChatGPT with immediate effect while giving its creator, OpenAI, 20 days to address concerns about the way data is collected and processed under penalty of a fine … Continue reading ChatGPT under threat from European regulators →

Experts say Apple’s move into buy now, pay later is likely to catch on with customers—and bring out the regulators

Apple Pay

By Chris Stokel-Walker March 28, 2023 Apple will now offer a buy now, pay later (BNPL) option for customers shopping with a retailer that accepts Apple Pay. Under the new arrangement, which was announced Tuesday, iPhone and iPad users can take out short-term loans with Apple of between $50 and $1,000, which must … Continue reading Experts say Apple’s move into buy now, pay later is likely to catch on with customers—and bring out the regulators →

New York regulators slap Robinhood’s crypto business with $30 million fine

City Development

Robinhood lays off almost a quarter of its staff The company cut nine percent of its workforce earlier this year. I. Bonifacic @igorbonifacic Andrew Kelly / reuters For the second time this year, Robinhood is cutting its headcount. On Tuesday, the company announced it would lay off 23 percent of its workforce. According to … Continue reading New York regulators slap Robinhood’s crypto business with $30 million fine →