Tech & Business Insights: Key Developments & Industry Shake-Ups This Week
Fedir Kompaniiets
CEO & Co-Founder of Gart Solutions | Cloud Solutions Architect & Digital Transformation Consultant
August 21, 2024
Hello, and welcome to this week’s edition of the Tech & Business Newsletter. Let's dive into the latest tech industry developments that are making headlines around the globe.
?? Nvidia Accused of Using YouTube and Netflix Videos Illegally for AI Training
Nvidia is under fire after internal documents revealed that the company illegally downloaded videos from platforms like YouTube and Netflix to train its AI models. Reports suggest that Nvidia employees were downloading content equivalent to about 80 years of video every day, using Slack and virtual machines to evade detection.
These videos were used for several projects, including Omniverse and digital avatars. While Nvidia claims their actions are within the boundaries of copyright law, the absence of official permissions raises serious questions about the legality of their practices.
?? Susan Wojcicki Passes Away at 56
In a tragic turn of events, Susan Wojcicki, former CEO of YouTube, has passed away at the age of 56 after a battle with cancer. Wojcicki played a pivotal role in the tech industry, from giving Google its start by hosting its founders in her garage to driving the acquisition of YouTube. Her influence on the digital world is undeniable, and her loss is deeply felt across the industry.
?? Crowdstrike Owns Up to Major Software Update Fail
Crowdstrike made headlines recently when millions of Windows computers worldwide were crippled by a faulty update to their cybersecurity software. At DEF CON, the company’s president, Michael Sentonas, accepted the "Most Epic Fail Award" in person, acknowledging the mistake and apologizing to those affected. Sentonas emphasized the importance of learning from this failure, making a strong statement about accountability and transparency.
My friend and colleague Roman recorded a video explaining what really happened with Crowdstrike:
?? FTC Targets Major Firms Over AI Use for Personalized Pricing
The FTC has launched an investigation into companies like Mastercard, JPMorgan Chase, and McKinsey & Co. over their use of AI for "surveillance pricing." This practice involves using AI to set prices based on individual purchasing data, potentially leading to different prices for the same product based on who’s buying. The inquiry could have significant implications for how AI is used in commerce and consumer rights.
?? Patreon Bows to Apple’s Payment Demands
Starting in October, Patreon will switch to Apple's payment system, meaning that content creators may see a 30% cut in their earnings unless they raise subscription prices. This move is part of Apple's broader effort to enforce its payment policies across all platforms available on its app store, a development that has major implications for content creators who rely on Patreon.
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?? Google Faces Antitrust Punishments
Google is on the brink of facing severe penalties after losing a court battle over its monopoly in search. Potential consequences include the sharing of data with other search engines or even the splitting off of major divisions like Chrome, Android, and Google Ads into separate companies. Google plans to appeal the decision, but the outcome could reshape the tech giant’s future.
?? Digital Driver's Licenses in California
California has introduced digital driver's licenses that can be added to Apple or Google Wallets, but they come with a catch: the digital license is only valid in California, and you must still carry a physical license. While this is a step towards digital transformation, it seems California has some catching up to do compared to solutions like Ukraine’s @Diia app.
?? Reddit’s Traffic Surge and User Growth
Reddit has skyrocketed from the 68th to the 5th most trafficked site in the U.S. over the past year. The platform also saw a 51% increase in its user base in the second quarter of 2024, reaching a record 91 million users. This explosive growth is drawing significant attention from both users and investors alike.
?? NIS2 Compliance Update on October 17, 2024
The deadline for NIS2 compliance is fast approaching. Learn how to prepare and ensure your organization meets the new requirements before it's too late.
?? Layoffs Continue Across Tech Giants
Stay tuned for more updates in next week’s edition. Don’t forget to share your thoughts and feedback to help us improve and deliver the most relevant insights!
Cheers,
Fedir Kompaniiets
CEO & Digital Transformation Consultant | Gart Solutions
Marketing Consultant & Co-founder at Go Global | Your Guide to Global Markets | CMO at Gart Solutions | B2B Tech Aficionado | Ambassador of AI | ????
2 个月Thanks for sharing!