ChatGPT steps on toes of EU data privacy rules
<img width="250" height="141" src="https://www.leaprate.com/wp-content/uploads/2024/01/FIN-LP-ChatGPT-steps-on-toes-of-EU-data-privacy-rules-iStock-1488400461-250×141.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2024/01/FIN-LP-ChatGPT-steps-on-toes-of-EU-data-privacy-rules-iStock-1488400461-250×141.jpg 250w, https://www.leaprate.com/wp-content/uploads/2024/01/FIN-LP-ChatGPT-steps-on-toes-of-EU-data-privacy-rules-iStock-1488400461-700×394.jpg 700w, https://www.leaprate.com/wp-content/uploads/2024/01/FIN-LP-ChatGPT-steps-on-toes-of-EU-data-privacy-rules-iStock-1488400461-768×432.jpg 768w, https://www.leaprate.com/wp-content/uploads/2024/01/FIN-LP-ChatGPT-steps-on-toes-of-EU-data-privacy-rules-iStock-1488400461-120×67.jpg 120w, https://www.leaprate.com/wp-content/uploads/2024/01/FIN-LP-ChatGPT-steps-on-toes-of-EU-data-privacy-rules-iStock-1488400461-245×138.jpg 245w, https://www.leaprate.com/wp-content/uploads/2024/01/FIN-LP-ChatGPT-steps-on-toes-of-EU-data-privacy-rules-iStock-1488400461-500×281.jpg 500w, https://www.leaprate.com/wp-content/uploads/2024/01/FIN-LP-ChatGPT-steps-on-toes-of-EU-data-privacy-rules-iStock-1488400461.jpg 1366w" sizes="(max-width: 250px) 100vw, 250px" /><p>Following the <a href="https://www.garanteprivacy.it/garante/doc.jsp?ID=9870847#english">temporary ban</a> on processing imposed on OpenAI by the Italian DPA on 30 March 2023, and based on the outcome of its fact-finding activity, the Italian DPA concluded that the available evidence pointed to the existence of breaches of the provisions contained in the EU GDPR.</p>
<p><span data-contrast="auto">The machine-learning startup grabbed the November 2023 headlines when its board suddenly ousted its CEO, Sam Altman, and rehired him days later following staff protests. Unlike any other Silicon Valley corporate structure, OpenAI started as a non-profit organisation. It has a for-profit subsidiary, OpenAI Global, in which Microsoft Corporation (MSFT) invested roughly $13bn.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p>
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<p><span data-contrast="auto">Reportedly, Altman visited South Korean chipmakers Samsung and SK Hynix to discuss possible partnerships. According to rumours, Altman aims to raise billions of dollars to establish a network of factories dedicated to manufacturing semiconductors.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p>
<p><span data-contrast="auto">At the end of last year, reports surfaced that OpenAI is initiating a fresh funding round to aim for a market valuation of around $100bn. Should this exercise succeed, it would loop OpenAI in the same bracket as Elon Musk’s SpaceX.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p>
<p><span data-contrast="auto">Seemingly, investors were included in preliminary discussions. However, something tangible or public, such as terms and timing, has yet to be announced.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p>
<p>The post <a rel="nofollow" href="https://www.leaprate.com/forex/market-news/chatgpt-steps-on-toes-of-eu-data-privacy-rules/">ChatGPT steps on toes of EU data privacy rules</a> appeared first on <a rel="nofollow" href="https://www.leaprate.com">LeapRate</a>.</p>
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