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Almost 90% of CIOs Have Implemented AI Policies: Logicalis

Eighty-five per cent of organizations are investing in AI technology, 72% of CIOs are “apprehensive” about regulating AI internally and 86% have Implemented formal AI Policies. AI is regareded as the number one priority for 2024, although CIOs are also thinking about cybersecurity and sustainability. Digital services company Logicalis interviewed 1,000 CIOs globally for the tenth edition of their CIO report.

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Italy fines UniCredit $3.1M; investigates OpenAI’s “Sora”

March 12, 2024

Italy’s Garante, one of the EU’s most proactive regulators, has fined the country’s second largest bank, UniCredit, and has launched an investigation of a new OpenAI product. The €2.8 million (~US$3.1 million) UniCredit fine, which the bank plans to appeal, is in response to a 2018 data breach that may have impacted thousands of customers. The OpenAI Sora investigation is to clarify how the new algorithm, which creates short videos from text instructions, is trained, to understand what data it will collect, and to determine compliance with EU regulations.

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