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☆ Opening iconic New York City streets to pedestrians meant an extra $3 million in spending last year — and helped save local businesses during the pandemic
  + stars: | 2023-10-11 | by ( Juliana Kaplan | Eliza Relman | ) www.businessinsider.com   time to read: +6 min
Last year, New York City opened Fifth Avenue as a pedestrian street on December weekends. During the 2022 holiday season, New York City Mayor Eric Adams turned an 11-block stretch of the iconic Fifth Avenue into an "open street" for three weekends in December. This is just the latest example highlighting New York City's efforts to pedestrianize busy corridors. At the same time, Open Streets saw the number of businesses on them grow by 10%, while non-pedestrianized streets saw a 20% decrease in the number of businesses. However, there are downsides to Open Streets in New York City.
Persons: —, Eric Adams, Adams, That's, he's, Ting Liu, Tom Harris Organizations: New York City, Service, Mastercard, New, Office of Technology, Innovation, Bloomberg Associates, Times, Times Square Alliance, Columbia University Mailman School of Public Health Locations: New York, Midtown, New, —, Astoria, Queens, New York City
☆ CFPB to crack down on data brokers, Chopra says at White House event
  + stars: | 2023-08-15 | by ( Chelsey Cox | ) www.cnbc.com   time to read: +4 min
WASHINGTON — The White House on Tuesday held a roundtable examining potential harmful data broker practices as part of an overall strategy to protect Americans' privacy. The CFPB's new rule proposals will build upon the FCRA to hold data brokers that sell highly sensitive information more accountable. One proposal, said Chopra, will define a data broker dealing in certain types of consumer data as a consumer reporting agency and the brokers' sale of data as a consumer report. Another will clarify whether credit header data, the portion of a credit report that contains identifying information, can be considered a covered consumer report. "We applaud the steps the Consumer Protection Financial Bureau is taking to stop data brokers from unlawfully collecting and selling millions of Americans' sensitive data," she said.
Persons: WASHINGTON, Chopra, There's, Arati Prabhakar, Lael Brainard, Lina Khan, Brian Boynton, Khan, Brainard Organizations: Consumer, Fair, White, Office of Science, Technology, National Economic Council, Federal Trade, Justice Department's Civil, FTC, Protection
☆ Eric Adams' relationship with the NY tech community hits some snags
  + stars: | 2023-07-26 | by ( Brian Schwartz | ) www.cnbc.com   time to read: +4 min
New York City Mayor Eric Adams speaks during an interview on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., February 28, 2022. Since then, however, Adams' often-positive relationship with New York's tech community has soured in some ways. Adams' team also referred CNBC to two New York tech leaders: Andrew Rasiej, the chairman of NY Tech Alliance, and George Fontas, the CEO of tech lobbying shop Fontas Advisors. NY Tech Alliance is a massive tech trade group with 60,000 members, according to their website. Rasiej pushed back on the notion that Adams relationship with New York's tech community has soured.
Persons: Eric Adams, Adams, Mayor Adams, Andrew Rasiej, George Fontas, Rasiej, Fontas, we're, Josh Gold, Uber, Airbnb Organizations: York City, New York Stock Exchange, New York, New, Airbnb, CNBC, NY Tech Alliance, Fontas, Technology, Innovation, Yorkers, Mayor, Adams City Hall Locations: York, New York City, U.S, New York, Washington
☆ US antitrust enforcer says generative AI 'raises competition concerns'
  + stars: | 2023-06-29 | by ( ) www.reuters.com   time to read: +1 min
WASHINGTON, June 29 (Reuters) - Generative AI, which is best known for ChatGPT, raises competition concerns and is a focus of the Federal Trade Commission's Bureau of Technology along with its Office of Technology, the agency said in a blog post by the staff of the two offices. "Generative AI depends on a set of necessary inputs. If a single company or a handful of firms control one or several of these essential inputs, they may be able to leverage their control to dampen or distort competition in generative AI markets," the staff said in the blog post. "The FTC’s Bureau of Competition, working closely with the Office of Technology, is focused on ensuring open and fair competition, including at key inflection points as technologies develop. Generative AI represents one of these paradigm shifts," the staff of the offices said.
Persons: Diane Bartz, Chris Reese Organizations: Federal Trade Commission's Bureau of Technology, Technology, Competition, Thomson
☆ A couple in Canada were reportedly scammed out of $21,000 after getting a call from an AI-generated voice pretending to be their son
  + stars: | 2023-03-06 | by ( Britney Nguyen | ) www.businessinsider.com   time to read: +4 min
A couple in Canada reportedly lost $21,000 from a scammer claiming to be a lawyer and their son. Benjamin Perkin told The Washington Post his parents thought the AI-generated voice was him. Perkin told the Post the voice was "close enough for my parents to truly believe they did speak with me." Scams involving AI technology predate the emergence of ChatGPT and other AI bots going viral right now. "AI tools that generate authentic-seeming videos, photos, audio, and text could supercharge this trend, allowing fraudsters greater reach and speed," she said.
☆ The top US consumer watchdog is worried you're going to fall for AI scams or overblown marketing hype
  + stars: | 2023-03-03 | by ( Ethan Dodd | ) www.businessinsider.com   time to read: +5 min
Tech companies and investors think generative AI will be an economic revolution. Investors say generative AI could save workers loads of unnecessary labor. While AI products may hold less promise than companies say, the FTC is worried they will make it easier to deceive voters and consumers. "We're also concerned with the risk that deepfakes and other AI-based synthetic media, which are becoming easier to create and disseminate, will be used for fraud," FTC spokesperson Juliana Gruenwald told Insider. If the FTC's instincts are right, today's generative AI may pose less economic disruption than deception.
☆ Tech leaders dish on how asinine it is to try to describe their companies, products, and worth to Congress
  + stars: | 2022-09-21 | by ( Hanna Kang | Kayla Gallagher | ) www.businessinsider.com   time to read: +24 min
Tech companies are worried an aging Congress can't meet or even understand their demands. Younger members of Congress are beginning to take the lead in conversations on tech issues. Hawley said younger members are generally more critical of big tech. However, he added, new technologies are more widely used by younger people, and users tend to understand technology better. Meanwhile, major tech companies continue to ramp up their federal lobbying spending, together spending more in 2021 than in any other year in history.
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