Welcome to the Tech Mem Ride Home for Wednesday, April 21st, 2021.

I'm Brian McCullough today. The EU proposes a big new regulatory framework for AI.

A ransomware gang threatens to release Apple

product schematics unless they get paid off.

Fallout from yesterday's Apple event including what you can and cannot put on your

air tags. Netflix has disappointed Wall Street

and Amazon is expanding its pay with your Palm program

to more Whole Foods locations.

Here's what you miss today in the world of tech. The European Union is proposing strict AI rules banning

what it calls high-risk uses of AI such as in cases of mass surveillance.

Now in the title of the show today I suggested in cases of mass surveillance.

Now in the title of the show today, I suggested that this is the equivalent of a new

GDPR program and that's not strictly true as GDPR of course deals with different things

like personal user data and privacy but still

this would be a European style regulatory regime that would do things like fine non-compliant companies

up to 6% of annual global revenues sounds quite a bit like

GDPR quoting the Wall Street Journal. The European Union's executive arm proposed

a bill Wednesday that would create a list of so-called

high-risk uses of AI that would be subject to new supervision and standards for

their development and use such as critical infrastructure, college admissions, and

loan applications. Regulators could find a company up to 6% of its annual worldwide revenue

for the most severe violations, though in practice,

...