In a significant move on December 19, 2023, the Federal Trade Commission (FTC) concluded an enforcement action against retail giant Rite Aid. The settlement sheds light on vital insights for firms navigating the complex terrain of biometrics and AI tools. Alleged Section 5 violations related to Rite Aid's use of facial biometrics triggered the settlement, highlighting the heightened risks around deploying advanced tech.
EdmundRite Aid has agreed to stop using biased AI facial recognition technology, which disproportionately targeted minority shoppers, following a settlement with the FTC.
SanyaOpenChat, a decentralized chat app on the Internet Computer blockchain, aims to improve social media discourse by implementing a "proof of unique humanity" system. With over 100,000 users, the platform collaborates with Modclub for content moderation and plans to trial facial recognition to address the challenge of multiple accounts. Using crypto addresses and NFTs for authentication, OpenChat aims to combat toxicity on mainstream social media platforms and incentivizes positive engagement through token rewards.
JixuPolice Scotland's increasing use of facial recognition technology raises concerns about privacy and ethics, prompting calls for stronger safeguards.
Hui XinPrivacy risks surface as TikTok account exploits facial recognition technology to expose unsuspecting individuals, igniting concerns about online safety and security.
Hui XinAs cryptocurrency gains prominence, its role in humanitarian aid has grown significantly, particularly during times of conflict and crisis.
Hui XinIn a response to the ongoing conflict with Hamas, the Israeli crypto and Web3 communities have united under the banner of Crypto Aid Israel to provide essential humanitarian aid.
CatherineThe second crypto exchange in the world, FTX, collapsed taking down several companies in the fallout.
BitcoinistThe Ethereum-based trading protocol dYdX implemented a new feature called Liveness Check. According to an official post, the feature enables ...
BitcoinistEvery bit of cryptocurrency donated helps Ukrainians, making it clear that cryptocurrencies are the future of financial giving.
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