Italian government will resume ChatGPT services if OpenAI accepts the given terms. According to its attorney, the cryptocurrency exchange FTX may reopen.

Following a ban that was imposed just weeks earlier, Italy may soon resume ChatGPT services. Read more tech news

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

What's New Today: Google Chief Sundar Pichai Clues at Additional Cutbacks at The Tech Goliath.

Fast-Track Insights: According to its attorney, the cryptocurrency exchange FTX may reopen.

Italy may before long resume ChatGPT administrations following a boycott forced only weeks prior. OpenAI must respond to Garante's concerns about ChatGPT and allow the chatbot service to resume in Italy to fulfill Garante's list of demands. This comes nearly two weeks after OpenAI, backed by Microsoft Corp., took ChatGPT offline in Italy as a result of Garante's temporary restrictions on processing personal data due to a suspected privacy violation. Reuters cited a statement released on Wednesday by Garante outlining a list of requirements OpenAI must meet by the end of this month.

Following Google's January announcement that it was laying off 6% of its workforce, or 12,000 employees, Sundar Pichai, the company's CEO, has suggested that there may be a second round of layoffs. Mr. Pichai said in an interview with the Wall Street Journal that the company might soon be going through more layoffs, but he didn't say anything about the prospects. "We're very, very focused on this set of opportunities we have, and I think there's a lot of work left," Mr. Pichai said, referring to Google's AI chatbot Bard, new Workspace capabilities in Gmail and Google Docs, and other projects. There's additionally a significant articulation point with computer-based intelligence. Moving people to our most important areas and prioritizing them is ongoing work wherever possible.

One of AI's most pressing ethical issues is ensuring that these systems are developed and used responsibly and ethically. This requires careful consideration of the potential risks and benefits of AI, as well as the social and economic impacts that it may have. It also requires that AI system developers and users consider ethical principles such as fairness, transparency, and accountability.

Another ethical issue related to AI is privacy. AI systems often rely on large amounts of personal data to function, and there is a risk that this data could be misused or mishandled. Concerns have been raised about the potential for AI systems to violate individuals' privacy rights and perpetuate discrimination and bias. Read More

In a court hearing on Wednesday, FTX's attorneys from Sullivan & Cromwell stated that the cryptocurrency exchange, which experienced a spectacular collapse in November, is considering reopening at some point in the future as it navigates bankruptcy. Allowing FTX's creditors to convert a portion of their holdings into a stake in a reopened exchange was one potential option discussed. FTX's lead attorney, Andy Dietderich, told the court that one of the many options being considered for the company's future was restarting the exchange. Dietderich said that the plan would need to raise a lot of money if that's the way it goes and that there was an internal debate about whether that money should come from the FTX estate's capital or third-party capital.