The Dutch Data Protection Authority (DPA) has imposed a €4.75 million ($4.98 million) fine on Netflix for not adequately informing its customers about how their personal data was being used between 2018 and 2020. The fine follows a detailed investigation that began in 2019, which revealed that Netflix’s privacy statement was insufficiently clear regarding the company’s data practices. Specifically, the DPA found that the streaming giant did not provide customers with enough information on how their data was being processed or used.
The investigation also uncovered that when customers sought to understand which personal data Netflix was collecting, they did not receive clear answers. This lack of transparency was deemed a violation of the General Data Protection Regulation (GDPR), which sets strict requirements on companies to protect user privacy and ensure clear communication about data usage.
In response to the findings, Netflix has since updated its privacy statement and improved how it informs customers about its data collection practices. Despite these changes, the company has objected to the fine, though it did not provide a comment when approached by the press.
This fine highlights the increasing scrutiny on companies to comply with GDPR and underscores the importance of clear, transparent data handling practices, especially for tech giants like Netflix that handle vast amounts of personal information.
Basis, an AI startup, has secured $34 million in a Series A funding round to develop its AI-powered accounting automation product. The round, led by Khosla Ventures, attracted a diverse group of investors, including NFDG (the AI-focused fund managed by former GitHub CEO Nat Friedman and ex-Apple executive Daniel Gross), OpenAI board members Larry Summers and Adam D’Angelo, and Google’s chief scientist Jeff Dean.
The New York-based company is part of a growing group of AI startups creating autonomous agents—systems capable of performing tasks independently. Basis’ product, designed specifically for accounting firms, can handle various workflows such as entering transactions, verifying data accuracy, and integrating with popular ledger systems like QuickBooks and Xero. The product has already shown promising results, with large firms like Wiss reporting a 30% reduction in time spent on manual accounting tasks. Basis functions similarly to a junior accountant, allowing staff to focus on reviewing the AI’s work rather than completing tasks themselves.
Basis also aims to address the critical shortage of accountants in the US, exacerbated by retiring baby boomers and a decline in younger generations entering the profession. According to the Bureau of Labor Statistics, the accounting sector employs over 3 million people, but the number of candidates sitting for the CPA exam has fallen by 33% between 2016 and 2021. The shortage has led many firms to outsource work to countries like India. Moreover, with AI’s potential to automate tasks traditionally performed by accountants, the sector is expected to experience significant disruption. A 2023 OpenAI paper suggested that automation powered by large language models could eventually impact all accountant and auditor roles.
Meta has been fined €251 million by the European Union’s privacy regulator over a 2018 security breach that affected 29 million users worldwide. The breach involved the ‘View As’ feature, which cyber attackers exploited to access sensitive personal data such as names, contact details, and even information about users’ children.
The Irish Data Protection Commission, Meta’s lead EU regulator, highlighted the severity of the violation, which exposed users to potential misuse of their private information. Meta resolved the issue shortly after its discovery and notified affected users and authorities. Of the 29 million accounts compromised, approximately 3 million belonged to users in the EU and European Economic Area.
This latest fine brings Meta’s total penalties under the EU’s General Data Protection Regulation to nearly €3 billion. A Meta spokesperson stated that the company plans to appeal the decision and emphasised the measures it has implemented to strengthen user data protection. This case underscores the ongoing regulatory scrutiny faced by major technology firms in Europe.
Synopsys and SiMa.ai, two Silicon Valley-based companies, have announced a partnership to accelerate the development of energy-efficient AI chips designed for automotive applications. Synopsys, a leader in chip-design software, will collaborate with SiMa.ai, a startup known for its low-power hardware and software tailored for diverse AI functions.
The collaboration aims to meet the increasing demand for advanced AI technologies in electric vehicles, where efficient energy use is critical. SiMa.ai’s technology supports a range of applications, from driver-assistance systems that improve safety to voice assistants enabling hands-free commands. These tools often require different types of hardware, and the partnership allows automakers to simulate and select the best combinations for their needs.
The companies see this as a step towards integrating features like voice assistants into cars within the next three years. SiMa.ai’s CEO, Krishna Rangasayee, highlighted the importance of adapting data centre-level AI performance into power-efficient solutions for vehicles, ensuring both high performance and minimal energy consumption.
Major firms including Google, Stripe, and Shopify have pledged $80 million to support innovative carbon capture technologies, targeting emissions from paper mills and sewage plants in the US. This investment is part of the Frontier coalition’s strategy to develop cost-effective solutions for reducing atmospheric carbon.
Two start-ups, CO280 and CREW, will benefit from the funding. CO280 plans to deploy carbon capture technology adapted from the oil industry to trap emissions from paper mills. Meanwhile, CREW will enhance wastewater treatment processes with limestone to absorb carbon dioxide, leveraging rocks’ natural CO2-attracting properties.
The coalition’s aim is to drive down the cost of carbon removal to $100 per metric ton in the US, a significant reduction from current prices. Frontier’s head of deployment, Hannah Bebbington, highlighted the potential to integrate these technologies into older industries, paving the way for large-scale, affordable carbon removal in the near future.
The Democratic Republic of Congo (DRC) has filed criminal complaints against Apple’s subsidiaries in France and Belgium, accusing the tech giant of indirectly benefiting from conflict minerals sourced from the region. The DRC, a major supplier of tin, tantalum, and tungsten — essential components in electronic devices — alleges that minerals smuggled through its conflict zones fuel violence and atrocities, including mass rapes and killings, often perpetrated by armed groups.
While Apple claims to audit suppliers and maintain a transparent supply chain, international lawyers representing the Congolese government argue the company relies on minerals pillaged from Congo. The legal filings accuse Apple of covering up war crimes, handling stolen goods, and misleading consumers about the integrity of its supply chain. The complaints also criticise the industry-funded ITSCI certification scheme, claiming it falsely legitimises minerals sourced from conflict zones.
Belgium’s historical role in the exploitation of Congo’s resources was highlighted by Congolese lawyers, who called on Belgium to support their legal efforts. Both France and Belgium are seen as jurisdictions that emphasise corporate accountability. Judicial authorities in these countries will decide whether to pursue criminal investigations against Apple and its subsidiaries.
This legal action reflects Congo’s broader struggle to end the illicit trade of its resources, which has contributed to decades of violence. Millions have died or been displaced due to conflicts linked to mineral exploitation, underscoring the urgent need for stricter enforcement of ethical supply chain practices.
The US Commerce Department has finalised $406 million in grants to Taiwan’s GlobalWafers to boost silicon wafer production in Texas and Missouri. These funds will support the first large-scale US production of 300-mm wafers, critical components in advanced semiconductors. This initiative is part of the Biden administration’s effort to strengthen the domestic supply chain for chips.
The grant will aid GlobalWafers’ nearly $4 billion investment in building new manufacturing facilities, creating 1,700 construction jobs and 880 permanent manufacturing positions. The company plans to produce wafers for cutting-edge, mature-node, and memory chips in Sherman, Texas, and wafers for defence and aerospace chips in St. Peters, Missouri.
GlobalWafers’ CEO Doris Hsu expressed enthusiasm about collaborating with US-based customers for years to come. Currently, over 80% of the global 300-mm silicon wafer market is controlled by just five companies, with most production concentrated in East Asia.
This funding is part of the $52.7 billion CHIPS and Science Act, aimed at expanding domestic semiconductor manufacturing. Recent grants include $6.165 billion for Micron Technology and significant subsidies for Intel, TSMC, and GlobalFoundries.
TikTok and its parent company, ByteDance, have asked the Supreme Court to halt a US law that would force ByteDance to sell TikTok by 19 January or face a nationwide ban. The companies argue that the law violates the First Amendment, as it targets one of the most widely used social media platforms in the United States, which currently has 170 million American users. A group of TikTok users also submitted a similar request to prevent the shutdown.
The law, passed by Congress in April, reflects concerns over national security. The Justice Department claims TikTok poses a threat due to its access to vast user data and potential for content manipulation by a Chinese-owned company. A lower court in December upheld the law, rejecting TikTok’s argument that it infringes on free speech rights. TikTok maintains that users should be free to decide for themselves whether to use the app and that shutting it down for even a month could cause massive losses in users and advertisers.
With the ban set to take effect the day before President-elect Donald Trump’s inauguration, TikTok has urged the Supreme Court to decide by 6 January. Trump, who once supported banning TikTok, has since reversed his position and expressed willingness to reconsider. The case highlights rising trade tensions between the US and China and could set a precedent for other foreign-owned apps operating in America.
The NeurIPS conference, AI’s premier annual gathering, drew over 16,000 computer scientists to British Columbia last week, highlighting the field’s rapid growth and transformation. Once an intimate meeting of academic outliers, the event has evolved into a showcase for technological breakthroughs and corporate ambitions, featuring major players like Alphabet, Meta, and Microsoft.
Industry luminaries like Ilya Sutskever and Fei-Fei Li discussed AI’s evolving challenges. Sutskever emphasised AI’s unpredictability as it learns to reason, while Li called for expanding beyond 2D internet data to develop “spatial intelligence.” The conference, delayed a day to avoid clashing with a Taylor Swift concert, underscored AI’s growing mainstream prominence.
Venture capitalists, sponsors, and tech giants flooded the event, reflecting AI’s lucrative appeal. The number of research papers accepted has surged tenfold in a decade, and discussions focused on tackling the costs and limitations of scaling AI models. Notable attendees included Meta’s Yann LeCun and Google DeepMind’s Jeff Dean, who advocated for ‘modular’ and ‘tangly’ AI architectures.
In a symbolic moment of AI’s widening reach, 10-year-old Harini Shravan became the youngest ever to have a paper accepted, illustrating how the field now embraces new generations and diverse ideas.
Meta Platforms has introduced significant upgrades to its Ray-Ban Meta smart glasses, adding AI video capabilities and real-time language translation. The updates, announced during Meta’s Connect conference in September, are now available through the v11 software rollout for Early Access Program members.
The new AI video feature lets the smart glasses process visuals and answer user queries in real-time. Additionally, the glasses can now translate speech between English and Spanish, French, or Italian, providing translations via open-ear speakers or as text on a connected phone.
Meta also integrated the Shazam music identification app into the glasses, enhancing their functionality for users in the US and Canada. Earlier AI upgrades, such as setting reminders and scanning QR codes via voice commands, continue to expand the glasses’ utility.
