AI's data protection challenge privacy probe in Poland targets Chatgpt following GDPR complaint

Good morning tech fam, here are some quick tech updates for you to catch on to!

What's New Today:  Massive Layoffs Reported at Qualcomm's Shanghai Company

Fast-Track Insights:  Crypto Exchange Backed by Influencers Under Hong Kong Scrutiny

Another investigation is underway on whether OpenAI's generative AI chatbot, ChatGPT, complies with European Union privacy standards. A complaint was filed against ChatGPT and OpenAI in Poland last month, accusing the corporation of many violations of the EU's General Data Protection Regulation (GDPR). The Polish authorities took the uncommon step of making a public notification yesterday to indicate the opening of an investigation.

Rumors of potential large-scale layoffs at Qualcomm Shanghai have been spreading on various social networks since this week. This round of layoffs is expected to mostly affect the wireless business research and development department. The remuneration rules are N+4 for normal employees (including freshly employed employees) and N+7 for senior employees without a set term, with no cap restriction of three times.

Artificial Intelligence (AI) has emerged as a powerful force for addressing the critical environmental challenges of our era. This introduction explores the remarkable endeavors of AI companies tackling Environmental Challenges, conserving ecosystems, and advancing sustainable practices, underscoring the pivotal role of technology in shaping a greener future. Read More

Eleven people, including renowned influencers, were arrested this week in response to 2,000 complaints. According to local media, the case could be one of Hong Kong's largest fraud cases. It also puts new financial regulations to the test as Hong Kong establishes itself as a global center for virtual assets. The Securities and Futures Commission (SFC) of Hong Kong disclosed last week that the Dubai-based JPEX was trading virtual assets without a license.