📬 nenna.ai monthly newsletter - April

Hello nenna.ai fellows 

Welcome to our April edition! This month's newsletter is packed with updates from the Health Industry, American Privacy Rights Act and a first preview of our product development. Scroll down for more 👇

AND Thank you for being a part of our community! 💜

TODAY´S MENU

• American Privacy Rights Act

• Nenna @ DMEA

• Nenna.ai preview

• Copilot Ban U.S. Congress

• What else was important 

American Privacy Rights Act
Privacy Bill Introduced to Standardize U.S. Data Protection Laws 

Summary: The American Privacy Rights Act (APRA), a new comprehensive consumer privacy bill, has been introduced with bipartisan support in the U.S. Congress. This groundbreaking legislation seeks to unify the fragmented landscape of U.S. privacy laws into a cohesive federal standard, enhancing data protection for individuals and increasing regulatory clarity for businesses.

Details:

1. Private Right of Action: Individuals can sue for substantial privacy harms, with restrictions on arbitration to uphold this right.

2. National Standardization: The APRA preempts state laws, creating a unified federal privacy standard, enforced by the FTC and state attorneys general.

3. Strict Data Rules: Emphasizes necessary and proportionate data processing with stringent consent requirements for sensitive data.

Why is it important: The introduction of the APRA represents a significant advancement in U.S. privacy legislation, potentially setting a new standard for data protection across various sectors. It aims to harmonize the patchwork of state privacy laws with a unified federal standard.

If you want to know more about EU Regulations - Visit our AI ACT GPT 👈

nenna @ DMEA
AI in Healthcare: Latest Insights from DMEA

We've been at DMEA, the largest healthcare fair in Germany, and we've brought back the following insights for you:

1. At DMEA, the AIAct is a major topic, highlighting the need for TrustworthyAI in healthcare, prompting a shift towards more explainable and smaller, open-source LLMs.

2. The EU has designated medical products as high-risk AI in the AIAct, requiring additional compliance under the MDR (Medical Device Regulation) but it´s enough time to come up with that, 36 months.

3. Rising hospital cyberattacks underscore the importance of Cybersecurity, necessitating robust preparation and proactive measures to mitigate risks and reduce costs.

Why is it important: The healthcare industry needs to be digitized; the processes are complex and the regulation is high. Therefore, the use of (secure) AI is crucial to become more efficient and to develop a solution to counteract the shortage of skilled professionals. We try to take care about that 🔥

Nenna.ai Preview
Quick insights into what we're working on 🕵️

In recent weeks, we've been hard at work on our first product, and today, we're giving you a sneak peek. While we can't reveal too much yet, we want to share a bit about our plans:

1. Firstly, we are collaborating with Nenna to identify sensitive data in AI solutions and anonymize it to ensure compliance with data protection standards. This not only facilitates the use of AI in businesses but also safeguards all sensitive information from unauthorized access.

2. Secondly, we aim to empower every user to control where our solution is deployed. Successful AI implementation hinges on involving the user throughout the process.

So, we're on it, continuing to work diligently behind the scenes, and we ask for a little more patience from you. 🙌

DATA SECURITY
U.S. Congress Bans Microsoft Copilot

Overview: The U.S. Congress prohibits its members from using Microsoft Copilot on provided devices due to security concerns. In response to the high security standards required by U.S. authorities, Microsoft is developing a custom version of Copilot specifically for Congress, expected to be released this year, which will handle data with enhanced security.

Why is that important: This situation highlights the growing concerns over data security with AI tools in sensitive government environments, reflecting broader issues that many companies face with AI technologies and data protection. If the U.S. Congress gets a safer Copilot “normal” companies should be aware of their data..

NEWS
What else was important

• Meta:  Llama 3, the latest AI model from Meta, offers advanced capabilities including complex reasoning, instruction following, and problem-solving.

• Stanford-Index: The AI Index Report from Stanford University reveals the extent of advancement driven by corporations and universities, highlighting that only a few countries and organizations are keeping pace in the global AI supremacy race.

• Finance industry: A study by the Alan Turing Institute ,predicts the finance industry will accelerate the use of large language models for internal processes and market-facing activities within the next two years.