Fintech: The Latest Trends and Outdated Practices

Amsterdam hosted the annual Money2020 conference, attracting executives from fintech companies worldwide. While last year’s event buzzed with talk of embedded finance, open banking, and banking-as-a-service, this year, the narrative has changed little amid a slump in technology valuations and limited consumer spending. Investors remain keen on firms offering services to enterprises rather than consumers, …

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Bard chatbot released by Google to address concerns of ‘misleading or false information’

The relaunched AI chatbot will come with a health warning, informing users that Bard may “display inaccurate or offensive information” with every answer. The release of Bard comes after the tech giant’s botched launch last month, where the tool displayed an inaccurate answer about the James Webb Telescope. Bard falsely claimed the telescope had taken …

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Boeing sued by Wilson Aerospace for allegedly appropriating IP for NASA projects

The Artemis 1 mission Space Launch System (SLS) rocket Frank Michaux / NASA Wilson Aerospace, a small family-run tools company based in Colorado, is suing Boeing for a wide range of claims concerning allegedly stolen intellectual property over the last two decades. The company’s lawsuit centers around multiple custom-designed tools that Wilson says it created …

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Possible Expansion Discussed by Elon Musk with Mongolia’s Prime Minister.

Tesla CEO Elon Musk. Ludovic Marin | Afp | Getty Images Mongolia’s prime minister Luvsannamsrai Oyun-Erdene and Tesla CEO Elon Musk on Monday discussed possible expansion and investments into the Asian country over a virtual meeting. “They discussed the possibility of welcoming Tesla to Mongolia for its electric vehicles battery factory, leveraging the country’s wide …

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£12.7m Fine Imposed on TikTok for Gathering Data on Minors

The Information Commissioner’s Office (ICO) has fined TikTok £12.7m for illegally using personal data of over a million young children. Despite banning under-13s from signing up, TikTok allowed 1.4m to register in 2020 alone. UK data laws require apps to gain parental consent before allowing children under 13 to sign up. The ICO stated that …

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During his visit to Washington, British Prime Minister Rishi Sunak aims to promote stronger ties with the U.S.

Britain’s Prime Minister Rishi Sunak (L) will visit Washington on Wednesday and Thursday for talks with American lawmakers, business leaders and U.S. President Joe Biden. File Photo by Simon Dawson/No. 10 Downing Street/UPI | License Photo June 7 (UPI) — British Prime Minister Rishi Sunak will call for the deepening and strengthening of economic and …

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Ways to Outwit False Information on Your Facebook Feed

CNN — Just because it’s on the internet doesn’t make it true. It seems so simple, but if everyone knew that, Facebook and Google wouldn’t have to pull bogus news sites from their advertising algorithms and people wouldn’t breathlessly share stories that claim Donald Trump is a secret lizard person or Hillary Clinton is an android …

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