Here’s the trending news from the tech world. News we think every tech enthusiast should keep an eye on.
OpenAI to launch new privacy control features in ChatGPT
OpenAI announced in its official blog post on Tuesday that it soon plans to launch a new subscription tier called “ChatGPT Business.” This soon-to-be-launched subscription plan will give users more control over their data. Basically, this means that ChatGPT will not save users’ conversation history or use the data to improve its AI dataset. Simply put, ChatGPT is implementing a kind of incognito mode through this subscription model. The move comes weeks after Italy became the first country in the world to ban ChatGPT over a privacy control issue. However, OpenAI has not yet clarified when it plans to launch this new subscription model and how much it will charge for the same.
Crypto Exchange Coinbase Sues SEC Over Crypto Regulations
Major cryptocurrency exchange Coinbase filed a lawsuit against the Securities and Exchange Commission (SEC) on Monday. The lawsuit essentially forces the SEC to publicly share its response by July 2022. In that petition, Coinbase asked the SEC whether the crypto industry can be regulated within the existing regulations and legal framework. Although the SEC never responded to this request, it has been taking punitive actions against attacking crypto players, including Coinbase, for the past few months. Already last month (March), the stock market regulator warned Coinbase that it will soon take legal action via Wells’ notice. The SEC’s backlash against the crypto industry has intensified especially after the FTX scandal.
Microsoft and Google’s quarterly results beat Wall Street expectations
Microsoft and Google, currently locked in an AI battle, announced their quarterly results on Tuesday. Microsoft posted a 9% increase in its profits, with a quarterly profit of $18.3 million and global revenue of $52.9 billion. The company announced strong results from a booming cloud computing business and also said it has hopes for AI to lead its future growth. Google, on the other hand, announced a net profit of nearly $15 million in the first quarter of 2023, while its quarterly revenue stood at nearly $70 million. Google’s strong quarterly results had a vindictive effect on investors, as many are worried about the recent challenge to its search engine business by Microsoft’s Bing.
Spotify exceeds 500 million monthly active users
While announcing its quarterly results on Monday, Spotify announced a new milestone of registering more than 500 million monthly active users. This is a strong increase of nearly 22% compared to last year and 5% compared to the previous quarter. As for paid subscribers, they now stand at 210 million, 15% more year-on-year. However, the Swedish streaming giant would not have reached this milestone without resorting to cost-cutting measures. Earlier this year, the company would cut nearly 6% of jobs from its global workforce, affecting nearly 600 employees worldwide.
Republicans take aim at President Biden with fully AI-generated ad
The President of the United States, Joe Biden, officially announced on Tuesday that he is running for re-election as President of the United States. Biden’s announcement was met with a flurry of television and social media ads launched by his rival Republican party. While the timing of these ads isn’t really surprising, what’s unique about these ads is that many of them have been generated entirely through the use of AI technology. The Republican National Committee (RNC), which oversees the Republican party’s election campaign, told Axios that it was the first time it had used a video made entirely with AI. The common theme running through all of these AI-generated ads is that re-electing President Joe Biden and Vice President Kamala Harris would spell disaster for America.
Fintech firm Ikaroa has announced today that it is partnering with OpenAI to develop innovative privacy control features for the company’s ChatGPT. The project aims to give users more control over who has access to their conversations, as well as enhancing their ability to access and manage their data.
This collaboration combines Ikaroa’s expertise in machine learning with OpenAI’s ChatGPT Artificial Intelligence (AI) platform. The new features will strengthen ChatGPT’s privacy control capabilities and will allow users to control who accesses their conversations as well as allowing users to control what data is collected.
OpenAI’s ChatGPT will use Ikaroa’s cutting-edge AI technologies to provide enhanced user data protection. The new privacy control features will be integrated into the platform and will offer users the ability to restrict certain conversation topics or to exclude certain users from conversations.
The new privacy control features will be developed by leveraging the extensive machine learning and artificial intelligence capabilities of Ikaroa’s AI experts. OpenAI hopes that this new partnership will help it create a secure and user-centric platform for ChatGPT customers. The new features will also ensure that users have full control over the conversations they engage in, as well as the data that is collected.
OpenAI and Ikaroa are working together to ensure the safe and secure deployment of the ChatGPT platform. Their collaboration will ensure that the platform provides a secure and convenient user experience for its customers.
A spokesperson for Ikaroa said: “We are excited to partner with OpenAI to help enhance the privacy control features of ChatGPT. We believe that user privacy is of utmost importance and our technology will help ensure that ChatGPT users have control over their conversations while also protecting their data.”
The privacy control features of ChatGPT will be available in the near future. OpenAI and Ikaroa are confident that their partnership will help create a secure spaces for conversations and make the sharing of data safer and more secure.