Ireland fines Meta €390 million in latest privacy crackdown

Ireland fines Meta €390 million in latest privacy crackdown

• Irish regulators hit Facebook parent Meta with hundreds of millions in fines for online privacy violations and banned the company from forcing European users to agree to personalized ads based on their online activity.
• Ireland’s Data Protection Commission imposed two fines totalling 390 million euros ($414 million) in its decision in two cases that could shake up Meta’s business model targeting users with ads based on what they do online.
• The watchdog fined Meta 210 million euros for violations of the European Union’s strict data privacy rules involving Facebook and an additional 180 million euros for breaches involving Instagram.
• The decision stems from complaints filed in May 2018 when the 27-nation EU’s privacy rules, known as the General Data Protection Regulation, or GDPR, took effect.

India lags in automation of industry despite possessing tech prowess: robotics industry

• India and China’s exposure to industrial automation looks immensely different though both share a comparable story as far as consumption is concerned.
• For instance, when China claimed to have a density of 187 robots per 10,000 employees, India only had four robots for an equal number of employees, indicating the latter was clearly lagging in terms of industrial automation despite technological prowess.
• Even after the adverse effects of the global pandemic, the investment in the robotics industry has doubled in a span of a year.
• India’s industrial robotic market stood at 3,200 units in 2020 and expected to reach 28,000 units by the year 2030.