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Caden lands $15M to let users monetize their personal data

TechCrunch · 2y ago

Caden lands $15M to let users monetize their personal data

Caden, a privacy-focused startup backed by Yahoo founder Jerry Yang, offers users fine-tuned control over sharing data with third parties. Unlike other data monetization platforms, Caden empowers users by allowing them to opt in to monetize their data in various ways, such as movies watched, travel, and purchases. Founder John Roa aims to prioritize user privacy and shift the paradigm of data exchange by giving users control over their data sharing. This approach differentiates Caden from privacy laws like GDPR and consumer privacy acts, which protect opt-out rights but lack data monetization mechanisms.

Related News

Italy's antitrust takes aim at Google over personal data usage

Economic Times

Economic Times · 1y ago

Italy's antitrust takes aim at Google over personal data usage

Italy's antitrust agency has launched an investigation into Google and its parent company Alphabet over alleged unfair commercial practices involving users' personal data. The agency claims that Google's request for consent to connect its multiple services could be misleading and aggressive. The antitrust authority states that the information provided to users does not clarify the impact their consent may have on the use of their personal data. Google offers various online tools, such as YouTube and Gmail. The investigation will determine if Google limits users' freedom of choice by inducing them to agree to a combined usage of personal data.

Do you know what Google knows about you? Here is the hack to find out

Economic Times

Economic Times · 2m ago

Do you know what Google knows about you? Here is the hack to find out

Google collects extensive personal data from users through its services such as Search, YouTube, Gmail, Maps, and Android, even when using incognito mode or VPNs. This data includes search queries, video habits, email patterns, and location history, forming a detailed user profile. Users can view their data on Google’s My Activity page and adjust privacy settings to manage or delete their data. However, some data may still be retained by Google for various reasons.

Vana plans to let users rent out their Reddit data to train AI

TechCrunch · 1y ago

Vana plans to let users rent out their Reddit data to train AI

Vana, a startup, aims to allow users to earn money by renting out their Reddit data for AI training. The founders, Anna Kazlauskas and Art Abal, developed Vana as a platform that lets users combine their personal information into data sets usable for AI model training. Vana also allows for personalized user experiences by fine-tuning public models on the collected data. Vana ensures user data control and presents a monetization opportunity for individuals who can collectively decide how their data is used through the Reddit Data DAO.

Ireland fines LinkedIn 310 million euros over EU data breach

Economic Times

Economic Times · 10m ago

Ireland fines LinkedIn 310 million euros over EU data breach

The Irish Data Protection Commission has fined LinkedIn €310 million ($335 million) for violating users' personal data privacy by using targeted advertising without obtaining their consent freely. This is the largest fine issued by the regulator under EU data protection rules.

DPDP rules: Ecommerce, gaming, social media platforms to delete personal user data after three years

Economic Times

Economic Times · 7m ago

DPDP rules: Ecommerce, gaming, social media platforms to delete personal user data after three years

The draft rules of the Digital Personal Data Protection (DPDP) Act require data fiduciaries like ecommerce, online gaming, and social media platforms to erase personal user data after three years if no longer needed. These rules apply to entities with a specified number of users in India. Users must be notified 48 hours before data erasure and can request retention. Data fiduciaries must protect personal data and promptly inform users of breaches, detailing consequences and mitigation measures. Feedback on these rules is open until February 2025.

Dutch privacy watchdog recommends government organisations stop using Facebook

Economic Times

Economic Times · 1y ago

Dutch privacy watchdog recommends government organisations stop using Facebook

The Dutch privacy watchdog, AP, has recommended that government organizations cease using Facebook until it is clarified how personal data of users on government pages is handled. AP chairman Aleid Wolfsen emphasized the need for users to trust that their personal and sensitive data is secure while visiting government pages. Junior minister for digitalization, Alexandra van Huffelen, stated that Facebook parent company Meta must address data safety concerns before summer, or the government will be obliged to follow AP's advice and discontinue Facebook usage.

Mobile OS maker Jolla is back and building an AI device

TechCrunch · 1y ago

Mobile OS maker Jolla is back and building an AI device

Finnish startup Jolla is developing a private and secure AI device that acts as a private cloud and AI router, allowing users to access their personal data for AI queries while maintaining privacy. The device, called Jolla Mind², aims to protect users' personal information from data-hungry third parties, enabling them to utilise advanced AI without compromising privacy. It uses generative AI models to provide AI-powered insights and utility while keeping the user's data safe on the device itself. Jolla plans to launch the product later this year.

X hit with Austrian data use complaint over AI training

Economic Times

Economic Times · 1y ago

X hit with Austrian data use complaint over AI training

NOYB, an Austrian advocacy group, has filed a complaint against social media platform X, owned by Elon Musk, accusing the company of using users' personal data without their consent to train its artificial intelligence (AI). The group has filed complaints with authorities in nine European Union countries, putting pressure on the Irish data protection authority. X has agreed not to use personal data from EU users without consent, but NOYB claims that X lacks cooperation in mitigating the issue. The complaint focuses on ensuring X complies with EU law by obtaining user consent.

Fi Money’s MCP Server Enables ChatGPT and Gemini to Understand Your Full Financial Data

StartupTalky

StartupTalky · 1m ago

Fi Money’s MCP Server Enables ChatGPT and Gemini to Understand Your Full Financial Data

Fi Money has launched the first Model Context Protocol (MCP) Server, enabling users to connect their comprehensive financial data with AI assistants like ChatGPT and Gemini. This innovation allows users to consolidate financial information, export data into AI-ready formats, and ask personalized finance-related questions. Ensuring data privacy and security, Fi Money’s initiative offers users intelligent, context-aware financial insights and represents a major advancement in integrating AI with personal finance management.

Google Maps overhaul: Users to gain control as location data shifts to devices

Livemint

Livemint · 1y ago

Google Maps overhaul: Users to gain control as location data shifts to devices

Google Maps is making changes to how it handles users' location data, aiming to enhance privacy and security. Real-time location data will now be stored solely on users' devices instead of on Google's servers. The revamped feature, called Timeline, will provide a comprehensive record of users' whereabouts. Users will receive emails notifying them of the changes and can enable an auto-delete feature for their location history. The update is designed to give users more control over their personal information and is expected to roll out globally soon.

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