Salesforce to Open 1st AI Center in London

FILE PHOTO: The company logo for Salesforce.com is displayed on the Salesforce Tower in New York City, US, March 7, 2019. REUTERS/Brendan McDermid/File Photo
FILE PHOTO: The company logo for Salesforce.com is displayed on the Salesforce Tower in New York City, US, March 7, 2019. REUTERS/Brendan McDermid/File Photo
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Salesforce to Open 1st AI Center in London

FILE PHOTO: The company logo for Salesforce.com is displayed on the Salesforce Tower in New York City, US, March 7, 2019. REUTERS/Brendan McDermid/File Photo
FILE PHOTO: The company logo for Salesforce.com is displayed on the Salesforce Tower in New York City, US, March 7, 2019. REUTERS/Brendan McDermid/File Photo

Salesforce has picked London for its first AI center, where it said industry experts, developers and customers will be able to collaborate on innovation and develop new skills.
The US cloud software company, which is hosting 18,000 people at its annual London World Tour event on Thursday, said a year ago it would invest $4 billion in Britain in the next five years, including in artificial intelligence innovation.
Zahra Bahrololoumi, chief executive of Salesforce UK and Ireland, said the company's customers were excited about the benefits of AI, but were cautious about the emerging risks.
"No company will adopt AI unless they can trust it, which is why we are so well positioned," she told Reuters, pointing to Salesforce's Einstein technology, which has a "Trust Layer" to ensure customers' data is not compromised.
"We are sending a clear message to customers and partners on AI, we are deeply committed to working closely together so that you can reap the rewards of this transformative technology, while ensuring it is a force for good," she said.



EU Privacy Regulator Fines Meta 91 Million Euros over Password Storage

A logo of Meta Platforms Inc. is seen at its booth, at the Viva Technology conference dedicated to innovation and startups, at Porte de Versailles exhibition center in Paris, France June 17, 2022. REUTERS/Benoit Tessier
A logo of Meta Platforms Inc. is seen at its booth, at the Viva Technology conference dedicated to innovation and startups, at Porte de Versailles exhibition center in Paris, France June 17, 2022. REUTERS/Benoit Tessier
TT

EU Privacy Regulator Fines Meta 91 Million Euros over Password Storage

A logo of Meta Platforms Inc. is seen at its booth, at the Viva Technology conference dedicated to innovation and startups, at Porte de Versailles exhibition center in Paris, France June 17, 2022. REUTERS/Benoit Tessier
A logo of Meta Platforms Inc. is seen at its booth, at the Viva Technology conference dedicated to innovation and startups, at Porte de Versailles exhibition center in Paris, France June 17, 2022. REUTERS/Benoit Tessier

The lead European Union privacy regulator fined social media giant Meta 91 million euros ($101.5 million) on Friday for inadvertently storing some users' passwords without protection or encryption.

The inquiry was opened five years ago after Meta notified Ireland's Data Protection Commission (DPC) that it had stored some passwords in 'plaintext'. Meta publicly acknowledged the incident at the time and the DPC said the passwords were not made available to external parties.

"It is widely accepted that user passwords should not be stored in plaintext, considering the risks of abuse that arise from persons accessing such data," Irish DPC Deputy Commissioner Graham Doyle said in a statement, according to Reuters.

The DPC is the lead EU regulator for most of the top US internet firms due to the location of their EU operations in the country.

It has so far fined Meta a total of 2.5 billion euros for breaches under the bloc's General Data Protection Regulation's (GDPR), introduced in 2018, including a record 1.2 billion euro fine in 2023 that Meta is appealing.