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Getting ready for artificial general intelligence with examples

IBM Big Data Hub

Regardless, these are examples of narrow AI. According to Andreessen Horowitz (link resides outside IBM.com ) , in 2023, the average spend on foundation model application programming interfaces (APIs), self-hosting and fine-tuning models across surveyed companies reached USD 7 million.

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6 climate change adaptation strategies every organization needs today

IBM Big Data Hub

Learn more about managing climate risk As we saw in New York in September 2023, extreme precipitation can quickly stymie the ability to conduct “business as usual” and create a ripple effect of ramifications. This situation increases the need for businesses to adapt their sustainability strategies to address climate change issues.

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Australian Privacy Regulator Sues in Data Breach Case

Hunton Privacy

Patrick Gunning from King & Wood Mallesons reports that, on November 2, 2023, the Australian Information Commissioner filed proceedings in the Federal Court of Australia against Australian Clinical Labs Limited seeking a civil penalty ( i.e. , a fine) in connection with the company’s response to a data breach that occurred in February 2022.

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The Impact of Data Protection Laws on Your Records Retention Schedule

ARMA International

The records retention schedule is the foundational document for a records management program. Certain sectors, such as banking, financial services, health, and insurance have their own data protection and privacy requirements. 3 Personal Information Protection and Electronic Documents Act (PIPEDA). Bill C-11, Sec. 2 DLA Piper.

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$10,000,000 civil penalty for disclosing personal data without consent

Data Protection Report

The order also requires that the company destroy personal data for which it had not received consent and to create a document retention and destruction policy. million consumers between October 2019 and March 2023. Cerebral disclosed that its breach impacted nearly 3.2

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FDIC, FRB and OCC Issue Interagency Guidance on Third-Party Relationships

Hunton Privacy

On June 6, 2023, the Federal Deposit Insurance Corporation (“FDIC”), the Board of Governors of the Federal Reserve System (“FRB”) and the Office of the Comptroller of the Currency (“OCC”) issued their final Interagency Guidance on Third-Party Relationships (“Guidance”).

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Regulatory Update: NAIC Summer 2022 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2022 National Meeting (Summer Meeting) August 9–13, 2022. The Privacy Working Group has been reviewing state insurance privacy protections regarding the collection, ownership, use, and disclosure of information gathered in connection with insurance transactions.