financetom
Business
financetom
/
Business
/
Italy regulator seeks information from DeepSeek on data protection
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Italy regulator seeks information from DeepSeek on data protection
Jan 28, 2025 11:30 AM

ROME, Jan 28 (Reuters) - Italy's data protection

authority said on Tuesday it was seeking answers from Chinese

artificial intelligence (AI) model DeepSeek on its use of

personal data.

The Italian regulator, which is also known as the Garante,

said it wanted to know what personal data is collected, from

which sources, for what purposes, on what legal basis, and

whether it is stored in China.

DeepSeek and its affiliated companies have 20 days to

answer, the Garante said in a statement, in one of the first

regulatory moves targeting the Chinese startup.

In the U.S., a White House press secretary said

officials were looking at the

national security implications

of the app.

DeepSeek, which presents itself as a low-cost

alternative to U.S. rivals, sparked a

tech stock selloff

on Monday as its free AI assistant overtook OpenAI's

ChatGPT on Apple's ( AAPL ) App Store in the United States.

Italy's Garante is one of Europe's most active watchdogs

on the use of AI. In 2023 it

briefly banned

the use of Microsoft ( MSFT )-backed ChatGPT in the country

over suspected breaches of EU privacy rules.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
IQVIA Holdings Q2 Adjusted Earnings, Revenue Climb; 2024 Guidance Updated
IQVIA Holdings Q2 Adjusted Earnings, Revenue Climb; 2024 Guidance Updated
Jul 22, 2024
07:26 AM EDT, 07/22/2024 (MT Newswires) -- IQVIA Holdings ( IQV ) reported Q2 adjusted earnings Monday of $2.64 per diluted share, up from $2.43 a year earlier. Analysts surveyed by Capital IQ expected $2.56. Revenue for the quarter ended June 30 was $3.81 billion, up from $3.73 billion a year earlier. Analysts surveyed by Capital IQ expected $3.79 billion....
Truist's profit falls on hit from securities sale, lower interest income
Truist's profit falls on hit from securities sale, lower interest income
Jul 22, 2024
July 22 (Reuters) - Truist Financial ( TFC ) reported a 33% drop in second-quarter profit on Monday, dragged down by a $5.1 billion loss on the sale of some securities and lower net interest income (NII). The bank's results mirror earnings at several lenders, which have seen a decline in NII as high interest rates impede loan demand. NII...
Terex to Acquire Environmental Solutions Group From Dover for $2 Billion in Cash
Terex to Acquire Environmental Solutions Group From Dover for $2 Billion in Cash
Jul 22, 2024
07:16 AM EDT, 07/22/2024 (MT Newswires) -- Terex ( TEX ) said Monday that it has signed a definitive agreement to acquire Environmental Solutions Group from Dover Corporation ( DOV ) in a $2 billion all-cash transaction. ESG designs and manufactures refuse collection vehicles, waste compaction equipment, and associated parts and digital solutions. The company expects the transaction to close...
Goodyear Tire Strikes $905 Million Deal to Sell Off-The-Road Tire Business
Goodyear Tire Strikes $905 Million Deal to Sell Off-The-Road Tire Business
Jul 22, 2024
06:48 AM EDT, 07/22/2024 (MT Newswires) -- Goodyear Tire (GT) will sell its off-the-road tire business to Japan's Yokohama Rubber in a deal worth $905 million in cash, as the tire manufacturer executes its plan to boost margins and reduce debt. The business provides tires globally for surface and underground mining, construction and quarry, as well as port and industrial...
Copyright 2023-2026 - www.financetom.com All Rights Reserved