OpenAI in Hot Water Over Processing Minors' Data, Krablr Talks to Crabs with AI Language, Twitter's Blue Check Drama, Stability AI CEO Teases IPO Plans and Ledger Raises $108 Million to Secure Crypto!

OpenAI's Data Party Crashed by Italian Authority - Forced to Stop Processing Personal Data Locally!

• The Italian data protection authority (Garante) has ordered OpenAI to stop processing people's data locally with immediate effect.

• The Garante has issued the order over concerns that OpenAI has unlawfully processed people's data and over the lack of any system to prevent minors from accessing the tech.

• OpenAI has 20 days to respond to the order backed up by penalties if it fails to comply.

• The GDPR applies whenever EU users' personal data is processed.

• OpenAI has not informed people whose data it has repurposed to train its commercial AIs, raising questions about the legality of its processing of Europeans' data.

Krablr Goes Crab-Talk: Using AI to Speak the Language of Crustaceans!

• Krablr, a crab pricing engine, is pivoting to generative AI technology.

• The company is developing a new language to communicate with crabs and increase yields.

• Krablr's CEO believes this will contribute to sustainable and environmentally-friendly fishing practices.

• Early tests have shown an increase in crab populations in areas where the language prototype has been implemented.

• Krablr plans to release the new generative AI language to customers in the coming months.

Twitter to Remove Verification Badges Unless Users Pay for Twitter Blue Subscription: Celebrities Outraged!

• Twitter will remove blue checks from “legacy verified” users who don't sign up for a Twitter Blue subscription.

• Twitter's verification system was introduced in 2009 to protect celebrities from impersonation.

• Some celebrities have spoken out to say that they won’t be paying for a blue check, as it will make the symbol less cool.

• Impersonation is the biggest concern among celebrities, and there are other benefits to Twitter Blue beyond the blue check.

• Elon Musk's grand plan to make Twitter profitable is to implement schemes like this, but disinformation may proliferate.

Stability AI CEO hints at IPO plans, shuts down acquisition rumors and advocates for open source art in AI

• Emad Mostaque, CEO and founder of Stability AI, hinted at plans to go public in the next few years.

• Mostaque shut down the idea of Stability AI ever getting acquired.

• Stability AI's open source platform's business model will be seen more properly in the next year.

• Mostaque defended the petition asking for more regulation in the AI space, saying that OpenAI should become transparent and probably governed.

• Stability AI is seeking funding that would value the business at $4 billion, up from a reported $1 billion post-money valuation that it landed in October.
  

Ledger Raises $108M in Series C Extension to Keep Crypto Safe

• Ledger has raised $108 million in an extension to its Series C funding round to help people secure their cryptocurrencies.

• The France-based crypto hardware maker previously raised $380 million in June 2021, taking its valuation to around $1.4 billion.

• Existing investors Molten Ventures, 10T, Cité Gestion Private Bank, Cap Horn, Morgan Creek, Cathay Innovation, and Korelya Capital, along with new investors True Global Ventures, Digital Finance Group and VaynerFund, participated in the funding round.

• Ledger's cold hardware wallets allow owners to have full custody and security over their assets.

• The company secures over 20% of the world's cryptocurrencies and more than 30% of NFTs, and the funds will help it bring "secure consumer devices to hundreds of millions" exploring digital assets and blockchain-enabled technology.