Connect with us

Business

New AI Privacy Guidance Makes Compliance Easier for Businesses

Published

on


The Office of the Australian Information Commissioner (OAIC) has just published two new guides that explain how Australia’s existing privacy laws apply to AI, and what businesses need to do to stay on the right side of them.

Let’s break it down in plain English so it’s easy to understand—even if you’re still getting your head around AI!

What Was the Old Rule?

Before now, businesses have faced uncertainty about how privacy laws apply to AI tools—especially commercially available generative AI products that use personal information to train their models.

This created confusion about what steps to take to comply and how to select AI products that respect privacy.

There wasn’t clear guidance from regulators on how to balance innovation with privacy risks. Many organisations were left guessing if their AI usage was lawful or exposing them to privacy breaches.

What’s Changed?

The OAIC has stepped in with two new guides:

  • Guide for Businesses Using AI Products: This helps businesses understand their privacy obligations when using AI tools, and offers practical tips on choosing AI products that meet privacy standards.
  • Guide for AI Developers: This focuses on developers using personal information to train generative AI models, clarifying how privacy laws apply in that context.

These guides clearly articulate the OAIC’s expectations and outline what good privacy governance looks like when it comes to AI.

What Does This Mean for Your Business?

The key takeaway is that AI products shouldn’t be used just because they’re available.

Businesses must:

  • Take a cautious approach, carefully assessing privacy risks
  • Ensure robust privacy safeguards are in place
  • Be transparent with customers about how their personal information is used in AI
  • Verify that any AI-generated outputs comply with privacy laws

If you’re planning to use AI or already do, these guides give you a clear path to follow—and the OAIC is serious about enforcing compliance.

What Should You Do Now?

Here’s a quick checklist to help you stay compliant:

  • Review your current or planned use of AI tools. Are you aware of what personal information they collect or process?
  • Read the OAIC’s new guides to understand your obligations and best practices.
  • Work with your legal or privacy team to put privacy governance measures in place—like risk assessments and data minimisation.
  • Train your staff on privacy risks related to AI and how to handle data responsibly.
  • Stay informed about upcoming privacy reforms, including potential new obligations on fair and reasonable use of personal information.

Key Takeaways

  • Existing privacy laws apply fully to AI—there’s no special exemption just because it’s a new technology.
  • The OAIC’s new guides clarify how those laws work with AI tools and development.
  • Businesses must assess privacy risks and build safeguards before using AI.
  • Transparency and accountability are essential to build trust and avoid penalties.

Frequently Asked Questions (FAQ)

1. Do privacy laws apply to all AI tools?
Yes. Australian privacy laws apply to any AI tool that collects, uses, or shares personal information. There are no special exceptions just because it’s AI.

2. What are the main privacy risks with AI?
Risks include accidental data leaks, using personal info without permission, AI generating incorrect or misleading results, and not being clear with customers about how their data is used.

3. How can my business comply with the new guidance?
Start by reading the OAIC’s guides, do a privacy risk check on your AI tools, protect personal data with strong security, train your staff on privacy best practices, and be transparent with your customers about AI use.

4. What happens if a business breaks the privacy rules?
The OAIC can investigate and take enforcement action, including fines. Breaking privacy rules can also harm your reputation and customer trust.



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Forget Takeout War — Alibaba Makes Clear the Real Play in China Is AI

Published

on


Tech giant Alibaba has been fighting a bruising food delivery war in China. But the company’s latest earnings make it clear that artificial intelligence is what investors really care about.

On Friday, Alibaba reported a 2% rise in overall revenue to 247.65 billion Chinese yuan, or $34.6 billion, for the quarter ended June 30 — missing analysts’ forecasts of $252.92 billion yuan in revenue. Operating profit dropped 3% to 35 billion yuan.

Despite that drag, investors piled in.

Alibaba’s New York-listed shares closed 12.9% higher on Friday to $135 apiece, while its Hong Kong-listed stock gained as much as 18% Monday morning.

The rally was fueled by a triple-digit percentage gain in AI-related product revenue and Alibaba Cloud’s 26% year-over-year revenue surge to 33.4 billion yuan — beating analyst expectations for an 18% rise.

That performance underscores how investors are zeroing in on AI as Alibaba’s next growth engine.

“Our investments in AI have begun to yield tangible results,” said Alibaba Group CEO Eddie Wu on Friday’s earnings call.

“We’re seeing an increasingly clear path for AI to drive Alibaba’s robust growth,” Wu said.

Analysts are upbeat too.

“For Cloud, it maintains accelerating growth on rising AI adoption with enhanced modeling capabilities and strong inference/training demands,” wrote equity analysts at Jefferies on Friday.

That long-term upside explains why investors are looking past the bruising economics of food delivery.

Quick commerce drags on profits

The cloud boom stands in sharp contrast to Alibaba’s costly delivery battles.

Alibaba’s China e-commerce business — which includes its traditional e-commerce and food delivery businesses — managed a 10% revenue growth from last year, to 140 billion yuan.

But, earnings before interest, taxes, and amortization fell 21% from a year ago amid heavy subsidies for food delivery and instant shopping.

That weakness reflected the heavy toll of Alibaba’s quick commerce push. It has been burning billions of yuan to compete with rivals Meituan — the market leader — and new entrant JD.com in food delivery and instant shopping.

Jiang Fan, Alibaba’s e-commerce chief, acknowledged on Friday’s call that the company has spent heavily to build up the quick commerce business, but said the losses will shrink as repeat customers drive efficiency.

Nomura analysts wrote on Monday that Alibaba’s quick commerce sector has scaled up enough for the company to “shift emphasis from land grabs to optimizing efficiency.”

Chelsey Tam, a senior equity analyst at Morningstar, struck a similar note, arguing Alibaba is better positioned in the current food delivery battle.

“We believe Alibaba has leveraged its ecosystem resources far more effectively than in previous food delivery competitions, increasing its chances of gaining market share and achieving profitability in the medium term,” wrote Tam on Friday.

Alibaba’s stock is 59% higher in New York this year. Its Hong Kong-listed stock is up 65% over the same period.





Source link

Continue Reading

Business

Broadcom Anticipates 21% Revenue Surge, AI Business Drives Growth

Published

on


Broadcom Inc. (AVGO.US) is set to release its latest quarterly financial report on September 4, with market expectations pointing to a 21% year-over-year increase in revenue for the third quarter, reaching $15.82 billion. Earnings per share are anticipated to be $1.66, compared to $1.24 in the same period last year.

The spotlight of the market’s attention is likely to be on Broadcom’s artificial intelligence (AI) business. This segment generated $4.4 billion in revenue during the second quarter, marking a 46% year-over-year growth. The company projects that this figure will rise to $5.1 billion in the upcoming report. If these projections hold true, the AI business will account for approximately one-third of Broadcom’s total revenue, marking the tenth consecutive quarter of year-over-year growth for this segment.

Investors will be closely monitoring the demand for AI chips to determine if the growth momentum is indeed slowing. The company’s non-GAAP gross margin for the second quarter was approximately 79%, with an adjusted EBITDA margin of 67%. These figures underscore Broadcom’s disciplined cost structure and its ability to expand in the AI semiconductor sector.

However, guidance for the third quarter suggests that the adjusted EBITDA margin may drop to 66%. This could lead to negative commentary suggesting that the growth rate has peaked and is set to decline. Nevertheless, even in such a scenario, Broadcom would remain at the higher end of the industry’s profitability range.

The potential for strong performance in gross margins and EBITDA margins will be crucial in determining whether the stock can achieve short-term profitability. In the previous quarter, Broadcom’s free cash flow reached $6.4 billion (or $22.6 billion over the past 12 months), representing over 40% of the company’s revenue. This robust cash flow comfortably covers the quarterly dividend and enhances the prospects for future stock buybacks and debt reduction, especially following the $69 billion acquisition of VMWare.



Source link

Continue Reading

Business

Reason Benefit Corporation Recognized as Best AI Business Solution in Alabama for 2025

Published

on


Reason Benefit Corporation, led by CEO Andrew Reiland, has been honored with the “Best AI Business Solution in Alabama for 2025” award, recognizing their innovative, customer-focused AI solutions that are reshaping industries.

Introduction to Reason Benefit Corporation

Reason Benefit Corporation, under the leadership of CEO and Founder Andrew Reiland, is setting a new standard in artificial intelligence (AI) and data management. The company delivers a unique, customer-centric approach to AI, offering fully tailored solutions that cover the entire AI lifecycle. With an emphasis on ethics and data security, Reason Benefit Corporation is reshaping how businesses, government agencies, and eventually consumers, harness the power of AI.

In an industry saturated with generic AI agents and one-size-fits-all solutions, Reason Benefit Corporation sets itself apart by providing bespoke, interactive AI models designed to align with each client’s unique data and workflows. This ensures solutions that are not only secure and effective but also tailored to each client’s specific needs.

A Revolutionary Approach to AI and Data Management

At the heart of Reason Benefit Corporation’s offerings is an innovative approach to machine learning and data management. Unlike traditional AI models that can sometimes fail to meet specific business needs, the company’s solutions are built around the customer’s unique data sets and workflows. This approach ensures highly accurate predictions, a perfect fit for existing infrastructure, and ultimately, greater business success.

Reason Benefit Corporation is committed to ensuring that these AI models are not only effective but also sustainable, secure, and easy to integrate. With cutting-edge data lake security, the company guarantees that client data remains secure and accessible at all times.

Under the guidance of Andrew Reiland, who has extensive experience in software engineering and building neural networks, the company has been able to push the boundaries of AI performance while maintaining robust data management capabilities. This enables businesses and governments to make informed, real-time decisions based on the most accurate and relevant data.

Scaling with Efficiency and Expertise

Reason Benefit Corporation has rapidly scaled its operations, thanks to its engineering-led approach and focus on efficiency. By implementing scalable and cost-effective solutions, the company has achieved significant time and cost savings for its clients while maintaining its ability to adapt to an evolving market. The company’s quick response to new challenges is a result of its deep technical expertise and commitment to constant improvement, positioning it as a leader in the competitive AI market.

Andrew Reiland, CEO of Reason Benefit Corporation, emphasizes, “We believe that machine learning should be a seamless extension of a business, not a disruptive force. Our solutions integrate smoothly into existing workflows, providing immediate benefits without the need for drastic system changes.”

Reason Benefit Corporation Awarded Best AI Business Solution in Alabama for 2025

In a significant industry recognition, Reason Benefit Corporation was named “Best AI Business Solution in Alabama for 2025” by Best of Best Reviews. This prestigious award highlights the company’s leadership and innovative contributions to the AI industry. Under Andrew Reiland’s leadership, Reason Benefit Corporation has developed a reputation for delivering industry-grade, customer-tailored AI solutions that are both powerful and ethical.

The recognition comes as a result of the company’s consistent efforts to provide highly secure and scalable AI models. Clients have praised the company for not just meeting their expectations but exceeding them, with solutions that integrate seamlessly into their existing infrastructure while providing measurable improvements in efficiency and performance.

Not Your Average AI Provider

Reason Benefit Corporation distinguishes itself from other AI providers by offering end-to-end solutions across the entire AI lifecycle. From initial data integration and model development to ongoing optimization and monitoring, the company provides a comprehensive service that ensures its clients do not need to rely on multiple vendors for their AI needs.

Security and usability are top priorities for Reason Benefit Corporation, with the company implementing industry-leading data lake security standards to ensure that client information remains protected. This commitment to security is embedded throughout the entire AI lifecycle, from model creation to long-term maintenance, ensuring that all operations are compliant with industry regulations.

Andrew Reiland’s vision has been instrumental in building a company that not only excels technologically but also maintains a strong ethical framework, ensuring that all AI solutions are designed to improve human decision-making rather than replace it.

The Future of AI: Ethical, Secure, and Customer-Centric

As the AI field continues to grow, Reason Benefit Corporation is leading the way toward a future where AI is both powerful and ethical. The company’s solutions, designed for a wide range of clients from large enterprises to government agencies, provide tailored AI models that meet specific business needs. By doing so, Reason Benefit Corporation ensures that clients can rely on AI tools that grow and evolve alongside their business.

Reason Benefit Corporation’s innovative AI solutions are a vital asset to businesses and government agencies, enabling them to make more accurate, data-driven decisions with immediate access to expert insights.

About Reason Benefit Corporation

Reason Benefit Corporation, founded by Andrew Reiland, is a pioneering provider of AI solutions, specializing in end-to-end services throughout the AI lifecycle. With a strong emphasis on security, scalability, and ethical AI practices, Reason Benefit Corporation offers businesses and government agencies tailored AI models that address unique needs. The company’s engineering-driven approach ensures solutions are seamlessly integrated, offering not just high performance but also robust data security and continuous optimization.

Media Contact:

Andrew Reiland
CEO & Founder, Reason Benefit Corporation
Email: invest@myreason.ai
Website
LinkedIn

Contact Info:
Name: Andrew Reiland
Email: Send Email
Organization: Reason Benefit Corporation
Website: https://www.myreason.ai/

Release ID: 89168653

If there are any problems, discrepancies, or queries related to the content presented in this press release, we kindly ask that you notify us immediately at error@releasecontact.com (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our responsive team will be available round-the-clock to address your concerns within 8 hours and take necessary actions to rectify any identified issues or support you with press release takedowns. Ensuring accurate and trustworthy information is our unwavering commitment.



Source link

Continue Reading

Trending