The Australian Prudential Regulation Authority (APRA) has imposed a A$250 million (US$167 million) capital adequacy requirement on health insurer, Medibank, following a hack that affected almost 10 million of its customers last year. The move is designed to ensure accountability after it discovered weaknesses in Medibank’s security environment.
Indian brands will lead the next wave of global customer experience innovation as consumers become aware of new technologies, and more deeply explore virtual and immersive environments, according to new research from Adobe. To help fuel this experience transformation, marketers and consumers alike are eager to embrace artificial intelligence (AI), especially generative AI.
Google, Meta and OpenAI executives have been called in for a parliamentary inquiry led by Australia’s Legalise Cannabis Party to explain their practice of removing posts and handling censorship. While the call was initiated following frustration the group has over removal of cannabis ads, plans are to discuss other AI issues that can impact the country.
Meta has begun rolling out its AI assistant across more than 40 European countries. It blames delays in the rollout on Europe’s “complex regulatory system.” The assistant will be available in six languages, initially on Facebook, Instagram and WhatsApp Messenger.