Techstrong News Recap – November 7, 2022

Hi again, everyone here the headlines for November 7th. First up tiktok updated this privacy policy for users in Europe to state that workers in China can remotely access user data. Tiktok is stated that the company uses said data for what it claims are important functions and keeping user experience consistent and safe.

This announcement emerges only months ahead of the expected draft decision of the year-long investigation into the platform through the general data protection regulation probe. Tiktok says this change is based on providing transparency to how tiktok uses data though. This is happening as there is a growing regulatory regulatory scrutiny towards the platforms and data security from China.

It will be important to keep our eyes on this development in the next few months to see what happens as far as the gdpr probe is concerned. Next Amazon has decided to freeze corporate hirings for retail businesses for the rest of 2022 from a predicted RAF economy. The hiring freeze includes corporate and Technology positions for retail and operations divisions.

Amazon's cloud and Warehouse divisions. However are expected to remain unaffected. Approximately 20,000 openings were available for the free started.

It seems like Amazon has joined the likes of other big tech companies to lower hiring. This being said Amazon predicts that jobs will come back in the beginning of the new year. While on the subject of hiring practices, the ride-hailing company lift has announced that is laying off 13% of its Workforce.

Lift currently has over 4,000 employees and the layoffs are expected to affect many roles throughout the company. This layoff though does not currently include drivers Logan green. The lift.

CEO has said that a probable recession in the increasing cost of ride-sharing insurance are the main reasons for the layoffs. Lyft hasn't been doing so hot either as the stock price is down nearly 70% over the past year, too. This all goes to show how companies across different Industries are getting hit by the current economy.

Next up open AI has opened up its AI to text image generation to be more available to businesses with a public beta launch of its API. Openai has said that the API will make it easier for companies to add dollies text to image functionality to products. Zooming out the adoption of text to image and even text to video AI has grown considerably.

however, as this type of AI grows, so does the dangers of spreading misinformation and ethical questions regarding its data use Regardless though. It seems that this technology is going to stay with us for the time being on digital cxo. We have an article looking at how to use proactive Services over the past two years.

The work world has gone through many changes that have put pressure on the field and service teams. In a world where there's a rapidly retiring Workforce a younger Workforce expecting flexibility and customers that want fast personalized service. It shows the importance of business agility and proactive Services is one way to do that.

com. On Security Boulevard, we have an article looking at a survey that showcases how malware ransomware and iot posed major it security challenges. A recent threat report by SonicWALL shows that more than four billion malware attempts were made globally in 2022.

So far additionally year to year ransomware attempts have exceeded the full year totals from past four and five years. com. com.

We have an article looking at how Memento launched in elastic serverless cache platform to improve the performance of applications running on databases deployed in the cloud. com. And that's today's texturing news recap.