Google's TurboQuant Algorithm Sends Memory Chip Stocks Tumbling 
NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey 
NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo 
Reflection AI Eyes $25 Billion Valuation in Massive $2.5 Billion Funding Round 
California's AI Executive Order Pushes Responsible Tech Use in State Contracts 
AWS Bahrain Region Disrupted by Drone Activity Amid Middle East Conflict 
Nanya Technology Shares Surge 10% After $2.5 Billion Private Placement from Sandisk and Cisco 
Chinese Universities with PLA Ties Found Purchasing Restricted U.S. AI Chips Through Super Micro Servers 
Federal Judge Blocks Pentagon's Blacklisting of AI Company Anthropic 
OpenAI Executive Shake-Up Ahead of Anticipated 2026 IPO 
Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions 
Rubio Directs U.S. Diplomats to Use X and Military Psyops to Counter Foreign Propaganda 
SpaceX Eyes Historic IPO at $1.75 Trillion Valuation 
Cybersecurity Stocks Tumble After Anthropic's Claude Mythos AI Leak Sparks Market Fears 
MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown 
Major tech companies, including Google and Apple, are set to meet on Wednesday in San Francisco, California to discuss prevailing concerns over online privacy.
According to reports, the event was organized by the Information Technology Industry Council (ITI), whose member companies also include AMD, Amazon, Dropbox, Facebook, IBM, Intel, Lenovo, Logitech, Mastercard, Microsoft, Samsung, and many more.
Meanwhile, Axios first reported that the event is a much-needed gathering following Facebook’s massive private information leak scandal that involved the analytics firm Cambridge Analytica.
Earlier this year, the Cambridge Analytica scandal broke out, revealing that the data of over 50 million Facebook users was collected and utilized for the firm’s services — without the consumers' knowledge — for targeted political ads during the last United States presidential election.
With a tech company as large as Facebook caught mishandling private user data, there has been a growing concern over how other tech giants are protecting their customers’ information. ITI CEO and president Dean Garfield realized that, telling Axios, “My experience is that they’ve always viewed privacy as a foundational principle, but the question of how do you give meaning to it and talk about it in a way that resonates is now something that’s more pressing.”
The implementation of the European Union’s General Data Protection Regulation (GDPR) beginning in May is also seen as a basis for setting the meeting. The GDPR, although centered on EU territories, has reportedly affected tech companies based in the U.S. Meanwhile, tech companies are also likely going to discuss the local online privacy bill being pushed by California lawmakers, which could be included in the ballot for the 2018 midterm elections in November.
Although the specific agendas of the high-profile meeting are under wraps, it is likely that these companies are going to try to come up with propositions for the United States' version of GDPR.
Garfield said that the EU’s GDPR does not necessarily mean it is the “best or final” standard for online privacy policies just because it was implemented first. He added, “Just because Europe has taken a comprehensive approach doesn't mean our different approach is deficient. … We should always be thinking about how we evolve to make sure consumers have trust in our products."
