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Since it was founded nearly two decades ago, 23andMe has grown into one of the largest biotechnology companies in the world. Millions of people have used its simple genetic testing service, which involves ordering a saliva test, spitting into a tube, and sending it back to the company for a detailed DNA analysis. But now the company is on the brink of bankruptcy. This has raised concerns about what will happen to the troves of genetic data it has in its possession. The company’s chief executive, Anne Wojcicki, has said she is committed to customer privacy and will “maintain our current privacy policy”. But what can customers of 23a...... Read Full article on HadNews

Reddit is allowing access to an “unnamed” artificial intelligence (AI) company ahead of the social platform’s initial public offering (IPO). The deal, reported by Bloomberg is worth “about $60 million on an annualized basis” for AI models to be given access to Reddit’s material. The move to allow an AI company into the nuts and bolts of content could be seen as a way to hook in more investors ahead of the platform making moves to enter the public trading domain, as we reported last month. Bloomberg’s insider has said the “San Francisco-based firm told prospective investors in its IPO that it had signed the deal, worth about $60 million...... Read Full article on HadNews

A multinational company’s Hong Kong office was the victim of an elaborate scam using deepfake video technology to impersonate executives and scam the company out of HK$200 million ($25.6 million), local police reported on Sunday (Jan 4). In what police described as the first scam of its kind in Hong Kong, scammers used deepfake technology to digitally recreate company executives and impersonate them on a video conference call. The technology allowed the scammers to generate fake but convincing representations of targeted individuals that replicated their voices and appearances. The scam began in mid-January when an employee in the Hong...... Read Full article on HadNews