technology

A technical outage in the Digilocker system has disrupted the onboarding process for several fintech companies, causing delays in verifying users’ documents. The issue, which affected the digital platform used for secure storage and sharing of documents, has caused significant setbacks in the customer acquisition process for fintech firms that rely on Digilocker for KYC (Know Your Customer) verification. This disruption has drawn attention to the vulnerabilities in digital infrastructure and the dependence of many industries on government-backed digital services. Several fintech companies have expressed frustration, with some users experiencing…

Tech giant Apple has agreed to pay $95 million to settle a lawsuit alleging its voice assistant, Siri, improperly recorded users’ conversations without their consent. The settlement comes in response to claims that Siri’s inadvertent activation led to unauthorized audio recordings, raising concerns about privacy violations. The lawsuit accused Apple of collecting, storing, and sharing voice data from users without explicit permission, breaching privacy rights. Plaintiffs argued that these recordings were sometimes analysed by third-party contractors to improve Siri’s functionality, further heightening privacy concerns. Apple denied any wrongdoing but opted…

OpenAI has missed its deadline for releasing a tool that would allow content creators to opt-out of having their work used for AI training. The much-anticipated feature, designed to give creators more control over how their content is used by AI models, was initially promised for 2024. However, according to reports, the company has not yet delivered the tool, raising concerns among creators about the use of their intellectual property without consent. The opt-out tool is seen as a crucial development in addressing the growing debate over the ethical use…

As 2024 comes to a close, the integration of artificial intelligence (AI) across industries has reshaped business operations, sparked innovation, and driven digital transformation. With AI moving from a buzzword to a strategic cornerstone, it is clear that CXOs are taking a leading role in driving its impact. Here’s a recap of AI’s influence in 2024 and a look ahead at what lies in store for the future. Key Highlights from AI in 2024: AI Becomes Integral to Business Strategy: AI has firmly embedded itself into business strategies, proving its…