A closeup shot of a warning lamp in the street at night
In today's ExchangeWire news digest: Italy temporarily blocks ChatGPT over privacy concerns; Google is hit with a multibillion pound advertising lawsuit in the UK; and Hong Kong sees its crypto ambitions bolstered by tightening restrictions in the US.
ChatGPT has been temporarily banned by Italy’s data protection authority, due to privacy concerns. The Italian Garante has also launched an investigation into OpenAI after a data breach exposed excerpts of users’ conversations with ChatGPT, in addition to their financial information.
Tech giant Google has been hit with a £3.4bn lawsuit which claims the company cost publishers billions in lost revenue. The suit, filed by The Guardian’s former technology editor, Charles Arthur, claims Google abused its market dominance to reduce how much publishers could make from online ads.
Hong Kong’s efforts to woo cryptocurrency companies is receiving a much-needed boost thanks to a crackdown on digital assets in the US. WSJ reports that over 80 crypto and blockchain companies are interested in establishing a presence in Hong Kong, with 20 from Europe, Canada, Singapore, and mainland China having told the Hong Kong government of their plans to do so.
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HK$50m (~£5.1m) - Hong Kong's annual budget for Web3 development as of February 2023.
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