Elon Musk-owned platform X has agreed to stop collecting and processing user data in the European Union (EU).
This decision comes after concerns were raised about the platform’s use of personal data to train its AI tool, ‘Grok’.
The suspension specifically affects EU and European Economic Area (EEA) user data, covering data collected between May 7, 2024, and August 1, 2024.
The Data Protection Commission (DPC), which oversees X’s operations in the region, welcomed the suspension, highlighting its role in protecting consumer rights under the General Data Protection Regulation (GDPR).
Dr. Des Hogan, chairman of the DPC, said the suspension allows regulators to continue examining X’s compliance with GDPR. He reaffirmed the DPC’s commitment to protecting consumer rights and freedoms in the EU and EEA.
Reports of potential misuse of EU user data by X emerged in late July following a change to default settings that allowed user data to be used for artificial intelligence training.
In a move not seen in decades, the U.S. Treasury Department has initiated a historic $10 billion bond buyback—its largest ever—targeting securities set to mature between mid-2025 and mid-2027.
In a bold move to reshape the future of ApeCoin, Yuga Labs has introduced a proposal that would dissolve the existing ApeCoin DAO and replace it with a streamlined management body called ApeCo.
Circle’s arrival on the New York Stock Exchange sent shockwaves through the market, and Cathie Wood’s ARK Invest wasted no time jumping in.
WazirX’s bid to restructure and compensate victims of a $230 million hack has been rejected by the Singapore High Court, putting the exchange’s recovery roadmap in limbo.