Connect with us

E-Business

NDPC, NLRC and SMEDAN Ink MoU to Strengthens Sectorial Regulation

Published

on

NDPC
L-r: Mr Charles Odii,, DG, SMEDAN,  andDr Vincent Olatunji,,, national commissioner/CEO of NDPC,  at the event
Kindly share this post

Nigeria Data Protection Commission (NDPC) signed two significant Memoranda of Understanding with the National Lottery Regulatory Commission (NLRC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), aimed at bolstering data protection initiatives across various sectors.

NDPC

L-r: Mr Charles Odii,, DG, SMEDAN,  andDr Vincent Olatunji,,, national commissioner/CEO of NDPC,  at the event

Dr Vincent Olatunji, national commissioner/CEO of NDPC,  represented NDPC, Director General, NLRC, Mr Lanre Gbajabiamila, represented NLRC, and Mr Charles Odii, DG of SMEDAN,  represented SMEDAN during the signing of the MOU at the Headquarters of SMEDAN and NLRC respectively.

The partnership with SMEDAN seeks to promote data protection within the Small and Medium Enterprise ecosystem, with approximately 40 million SMEs.

The MoU establishes a framework for collaboration, including the formation of a working group to focus on capacity building in data protection. This initiative aims to educate SMEs on adopting appropriate technical and organizational measures towards safeguarding data privacy.

Dr Olatunji who expressed optimism about the implementation of the memoranda with the two strategic agencies assured stakeholders that the trusted use of data will guarantee short, medium and long term growth.

“You have almost 40 million players within this sector alone, imagine the exponential growth we can bring in if people can carry out transactions on the basis of trust and confidence. It is good that we are here today, to put pen into paper, we have to work together to ensure that there is privacy in what you are doing in the sector.”

The MoU between the NLRC bolsters the collaboration between the two Commissions. The DG, NLRC, Mr Lanre Gbajabiamila, expressed gratitude for NDPC’s ongoing support and also underscored the importance of safeguarding personal data within the gaming ecosystem. The MoU formalises the commitment to uphold data protection laws and implement best practices in data storage and processing.

Dr Olatunji reiterated the significance of this partnership, emphasising the need to protect the personal data of approximately 60 million data subjects within the gaming sector.

He stressed the importance of training NLRC staff and stakeholders on data protection principles to foster a culture of compliance.

He said, “We are looking at an ecosystem with about 60 million people who regularly exchange and process data, this is one sector that cannot be overlooked. SMEDAN has 40 million Nigerians monitored under them, we have almost half of the population.”

“When we talk about the interests and freedom of all Nigerians, we have to ensure that the personal data of over 220 million people are adequately protected and processed in line with extant regulatory framework,” he added.

The Director General, NLRC, Mr Lanre Gbajabiamila expressed appreciation to the NDPC for their ongoing work.
“The change that the establishment of NDPC has brought to the gaming value chain is commendable, we are not taking this MoU for granted. International partners come here to see what we do and make comments that are welcoming to show that we are on the right part which is acceptable to the industry for operations to come in.

“We would also like to collaborate with you in conducting joint awareness campaigns and capacity building on data governance.

The DG, SMEDAN, Mr Charles Odii expressed appreciation for NDPC’s readiness to collaborate. He emphasised the significance of data protection and complying with the Nigeria Data Protection Act, 2023, in preparing for international business.

He said, “SMEDAN is out to prevent exposure of our data for selfish and malicious operations. We have to show that the data we are mining in Nigeria is protected according to our data protection law.”

“We cannot be a development agency if we are not teaching small businesses the right thing to do. In developing small businesses, we need to upskill and sensitise them. We willl go into the nooks and crannies of Nigeria to make them understand that if you process data then you must abide by the data protection laws in Nigeria,” he added.

These collaborations mark significant milestones in NDPC’s mission to promote data protection and privacy across diverse sectors in Nigeria. The commission remains committed to fostering partnerships that uphold the rights of individuals and ensure the responsible handling of personal data.


Kindly share this post

Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

E-Business

Schmidt, Ex Google Chief Says AI Risky in Terrorist Hands

Published

on

Eric Schmidt, former Google CEO
Kindly share this post

Eric Schmidt, former Google CEO has expressed concerns about the extreme risks posed by artificial intelligence (AI) falling into the hands of terrorists or rogue states.

Schmidt, Ex Google Chief Says AI Risky in Terrorist Hands

Eric Schmidt, former Google CEO

He warned that nations such as North Korea, Iran, and Russia could adopt AI technologies to develop weapons capable of causing significant harm, including biological weapons.

Schmidt urged governments to oversee private tech companies, emphasising, “The real fears I have are not the ones most people discuss about AI, I talk about extreme risk.”

“I’m always worried about an ‘Osama Bin Laden’ scenario, where truly evil individuals take control of some aspect of modern life to harm innocent people,” he added.

With private companies driving AI advancements, he stressed the need for careful government monitoring and regulation. “It’s really important that governments understand what we’re doing and keep their eye on us,” he said.

His remarks followed a two-day AI summit in Paris, where the UK and the U.S. declined to sign a communiqué outlining the future direction of AI. The declaration on “inclusive and sustainable artificial intelligence for people and the planet” was endorsed by 57 countries, including India, China, the Vatican, the EU, and the African Union Commission.

The UK justified its decision, stating that the agreement lacked “practical clarity” on global AI governance and national security concerns.

Schmidt supports U.S. export controls restricting the sale of advanced AI microchips to certain countries, aiming to slow adversaries’ progress in AI research.

He also highlights the importance of international collaboration on AI safety, suggesting that cooperation with nations like China is essential to addressing global AI challenges.

 

 


Kindly share this post
Continue Reading

E-Business

OpenAI CEO Rejects $97.4Bn Takeover Bid from Elon Musk

Published

on

Sam Altman, chief executive of ChatGPT-owner OpenAI
Kindly share this post

Sam Altman, chief executive of ChatGPT-owner OpenAI, has firmly declared the company “not for sale” following a $97.4bn (£78.4bn) takeover bid from a consortium led by Elon Musk.

OpenAI CEO Rejects $97.4Bn Takeover Bid from Elon Musk

Elon Musk

Speaking at the AI Action Summit in Paris, Altman emphasised OpenAI’s mission to develop AGI (artificial general intelligence) for the benefit of humanity.

Marc Toberoff, attorney for Elon Musk, confirmed the bid submission on Monday.

In response, Altman humorously offered to buy Twitter for $9.74 billion on Musk’s platform.

Unlike many tech giants, OpenAI is not publicly traded but operates through a complex partnership between non-profit and for-profit entities.

Musk aims to return OpenAI to its non-profit roots, despite owning a rival firm, xAI.

Christie Pitts, a tech investor, expressed scepticism about Musk’s intentions, noting his competitive interests.

Altman echoed this sentiment, suggesting Musk’s move disregards OpenAI’s mission.

Altman, who holds no stock in OpenAI, advocates transforming the organisation into a fully for-profit company to raise more funds for AI research.

Although the board has the final say, the $97.4bn offer falls short of OpenAI’s previous $157bn valuation and rumoured $300bn in future funding talks.

Toberoff stated the consortium might increase their bid. Meanwhile, OpenAI is collaborating with Oracle, a Japanese investment firm, and an Emirati sovereign wealth fund on “The Stargate Project,” a $500 billion AI infrastructure initiative announced by President Donald Trump.

 

 

 

 


Kindly share this post
Continue Reading

E-Business

Adobe Launches AI Video Tool to Compete with OpenAI

Published

on

Kindly share this post

Adobe yesterday released the first public version of an artificial intelligence tool that can generate video clips and revealed how much it will charge, but said it will not set pricing for major users such as studios until later this year.

The Firefly Video Model, as Adobe is calling the service, will compete against Sora, a model developed by ChatGPT creator OpenAI, and startup Runway, both of which currently offer video-generation services. Facebook owner Meta Platforms has also developed a video-generation AI model but has not given a timeline for when it will be released.

Adobe’s model differs from its rivals because it is geared toward generating clips that will fit into how film and television studios use Premiere Pro, its flagship video editing software.

To that end, many of the features that Adobe is emphasizing revolve around feeding existing shots into the video model and asking it to generate clips that fix or expand on shots that were taken on a real production set but that did not come out quite right.

Adobe said the service will generate five-second clips at 1080p resolution. While that is shorter than the clips of up to 20 seconds generated by OpenAI’s service, Adobe executives said the majority of individual clips in most productions are only three seconds.

Adobe said a user can generate 20 clips per month for $9.99 and 70 clips for $29.99. That compares with 50 videos for $20 per month with OpenAI’s plan at lower resolution and a $200 OpenAI plan that can handle longer, higher resolution videos.

Adobe is also working on a “Premium” pricing plan for studios and other high-volume video users and will release those pricing details later this year. Alexandru Costin, Adobe’s vice president of generative AI, said the company is working to generate 4K video and will remain focused on quality rather than longer clips.

“We actually think that great motion, great structure, great definition scheme, making the actual clip look like it was film, is more important than making a longer clip that’s unusable,” Costin told Reuters.

 


Kindly share this post
Continue Reading

Trending