As keepers of the world’s ‘big data’, many of the major tech companies are naturally well placed to turn to the data-hungry development of artificial intelligence, or AI.
The combination of big data and algorithms is one of the hot topics globally. It is showing no signs of slowing down with ever greater regulatory scrutiny.
Between 31 May 2012 and 26 March 2013, an Australian husband and wife (Mr and Ms Vinson), through their self-managed superannuation funds, invested $1,250,000 and $1,625,000 respectively in a company that never earned any operating revenue.
The Office of the Information Commissioner (“OAIC”) has released a consultation draft Guide to big data and the Australian Privacy Principles (the “Guide”).