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23andMe changes to terms of service are ‘cynical’ and ‘self-serving,’ lawyers say

TechCrunch

Two days before 23andMe disclosed that hackers had accessed the personal and genetic data of almost 7 million customers, the genetic testing giant updated its terms of service. For personal use only. All rights reserved.

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Survey: Execs eager to implement generative AI, but few know how

CIO

Nearly two-thirds (62%) said their firms were waiting to see how new regulations around AI use develop, while 74% said that substantive change management would be needed to help cope with the advent of generative AI. There’s very few legal folks who have expertise in this area,” he noted. Generative AI

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What is your data strategy for an AI future?

CIO

The application of AI to many business processes will only accelerate the need to ensure the veracity and timeliness of the data used, whether generated internally or sourced externally. a year from using poor quality data. And IBM calculate that bad data is costing the US economy more than $3 trillion a year.

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EU and US agree to chart common course on AI regulation

CIO

The European Union and the US have agreed to increase co-operation in the development of technologies based on artificial intelligence (AI), placing a particular emphasis on safety and governance. The US government has, however, taken steps to put its own house in order by developing a strategy on the use of AI for federal agencies.

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Yieldstreet to acquire real estate investment platform Cadre

TechCrunch

Financial terms of the deal were not disclosed. Founded in 2015, Yieldstreet gives people a way to invest in areas like real estate, marine/shipping, legal finance, commercial loans and […] © 2023 TechCrunch. For personal use only. All rights reserved.

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Top overlooked GenAI security risks for businesses

CIO

As AI becomes more sophisticated, so too do the potential threats, especially in terms of organizational IP and personal privacy. Current IP laws are not designed to handle this scenario, leading to a legal gray area. The answer to that question can have a huge impact on a business’s profitability and legal exposure going forward.

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Looking for an investment from a CVC? Take these 3 tips to the negotiation table

TechCrunch

As venture capital flows continue to fluctuate, founders have to double down on the terms they agree on. While it can be tempting to overlook certain terms for the sake of closing a deal, founders should remember that nearly everything in a deal is negotiable. More posts by this contributor. CVCs understand startup negotiations, too.

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