Tech Brew Ride Home Mon. 7/22 - Just the Equifax, Ma'am
Jul 22, 2019
Equifax reaches a $700 million settlement for its massive 2017 data breach, igniting discussions on consumer security. Microsoft invests a whopping billion in an AI startup, aiming to push the boundaries of artificial intelligence. Huawei’s controversial links to North Korea's cellular network raise eyebrows, while Google manages to settle a decade-old Wi-Fi snooping lawsuit. Plus, insights into Apple’s leadership evolution hint at significant changes ahead.
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Equifax Settlement
- Equifax will pay up to $700 million for a 2017 data breach exposing 150 million people's data.
- This settlement covers government litigation, except for Indiana and Massachusetts.
Executive Actions
- Equifax's CEO resigned after the breach, keeping $90 million in compensation.
- The former CIO was jailed for insider trading, selling stock before the breach announcement.
Microsoft's AI Investment
- Microsoft invested $1 billion in OpenAI, an AGI firm, to be paid over a decade.
- This deal makes Microsoft OpenAI's preferred partner for commercializing its technology.