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SlashDotNov 26, 2025
OpenAI Needs At Least $207 Billion By 2030 Just To Keep Losing Money, HSBC Estimates


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OpenAI Is Just $200 Billion Away From Still Losing Money, HSBC Says (Gizmodo)

EngadgetMay 02, 2025
TikTok fined $602 million for illegally sending European user data to China
The Irish Data Protection Commission (DPC) has fined TikTok owner ByteDance €530 million ($602 million) for breaching the European Union's privacy laws. The regulator said TikTok sent European user data to China without being able to guarantee that the information was safe from government surveillance. 

It was reported last month that the DPC was going to slap TikTok with such a fine — the third-largest ever for a General Data Protection Regulation (GDPR) breach. The regulator confirmed that on Friday.

The DPC, which handles enforcement of the GDPR when it comes to TikTok (which has its European HQ in Ireland), also ruled that the platform wasn't adequately transparent with users. Along with the fine, the DPC gave TikTok six months to halt all illegal data transfers.

TikTok claimed during the four-year probe that it didn't store data from European Economic Area users on servers in China. However, it told the DPC last month it learned in February that "limited EEA User Data" had been stored there and admitted that contradicted what it previously said to regulators.

"The DPC is taking these recent developments r

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