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☆ Texas sues Google over alleged ‘indiscriminate’ biometric data collection
▼ + stars: | 2022-10-20 | by ( Brian Fung | ) edition.cnn.com time to read: +2 min

CNN Business —Texas Attorney General Ken Paxton sued Google on Thursday, alleging the tech giant had violated the state’s biometric privacy law by “indiscriminately” collecting voiceprints and facial recognition data from users and non-users of the company’s products without their consent. “Of course, this is only visible to you and you can easily turn off this feature if you choose and we do not use photos or videos in Google Photos for advertising purposes. The company has also allegedly listened in on Texans “without regard to whether a speaker has consented to Google’s indiscriminate voice printing,” according to the complaint. In February, the state claimed a now-shuttered Facebook photo-tagging tool — which was the subject of a $650 million biometric privacy settlement in Illinois last year — had also been a violation of the Texas biometric law. Texas has multiple lawsuits ongoing against Google, including two other consumer protection cases and an antitrust case targeting Google’s dominance in digital advertising.

☆ The public cloud is changing how Wall Street works. Here's how the tech is upending everything from trading to dealmaking.
▼ + stars: | 2022-02-23 | by ( Bianca Chan | ) www.businessinsider.com time to read: +13 min

Cloud technology has now percolated through nearly every nook and cranny of Wall Street, affecting everything from investment banking to risk management and marketing. What's motivated the recent trend stems from two things that typically elicit change at financial firms: saving money and moving faster. But at least 30 Wall Street firms and well-known fintechs have publicly sided with one provider as a primary partner. "If you look at Wall Street, they have tens of thousands of people in back offices. Take Citibank, which accidentally wired $900 million to Revlon lenders in what is considered one of the largest blunders ever on Wall Street.

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