Asia Pacific, including Japan, has led dealmaking activities in the global data centre market this year, with M&A value totalling $840.47 million, more than half of the global amount, LSEG data showed.
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India’s Minister of State for Skill Development and Entrepreneurship and Electronics and Information Technology Rajeev Chandrasekhar said the country is working on a draft regulation for artificial intelligence…
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On behalf of the EU, the Belgian Presidency of the Council has signed the protocol to include provisions on cross-border data flows in the agreement between the EU and Japan for an Economic Partnership.
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The guidance provides clarity for the use of personal data to train and develop AI systems, information to be provided to consumers for obtaining lawful consent, information for third-party developers employing AI models and best practices for complying with the Personal Data Protection Act.
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1. Tesla’s self-driving bid for China faces rivals racing ahead
On a whirlwind trip to Beijing starting Sunday, Musk came to discuss the potential rollout of its FSD driver-assistance system and the possibility of securing government approvals for overseas transfers of data from Tesla , opens new tab vehicles in China, according to a source with knowledge of the trip.
If Tesla succeeds in bringing its “Full Self-Driving” system to China, the world’s largest car market, the U.S. electric-car pioneer will be shifting into the fast lane of the global race toward autonomous vehicles.
2. EU-Japan: the Council approves a protocol to facilitate free flow of data
The protocol will provide greater legal certainty, ensuring that data flows between the EU and Japan will not be hampered by unjustified data localisation measures, and also ensuring the benefit from the free flow of data according to the EU and Japan’s rules on data protection and the digital economy.
The protocol will enable companies to handle data efficiently without cumbersome administrative or storage requirements and provide them with a predictable legal framework.
3. Global CBPR Forum Announces the Establishment of the Global CBPR and Global PRP Systems and Welcomes New Global CAPE Participants
Celebrating the second anniversary of its establishment, the Global CBPR Forum (Forum) announces the establishment of the Global CBPR and Global PRP Systems with the appointment of Accountability Agents and the publication of the System documents. The publication of these documents sets the stage for Accountability Agents to start issuing Global CBPR and Global PRP certifications to interested organizations this summer.
On May 15-17, the Forum will also be welcoming government officials, regulators, and other privacy experts from around the world to its fifth multilateral, multistakeholder workshop in Tokyo, Japan.
4. Tesla’s self-driving bid for China faces rivals racing ahead
Singapore’s Cyber Security Agency released its response to feedback it received during public meetings to address updating the Cybersecurity (Amendment) Bill. The guidance answers questions about the amendment including concerns it would increase the cost of compliance efforts for businesses. The CSA aims to update the bill to ensure it remains relevant to the digital landscape.
5. EU-Japan: the Council approves a protocol to facilitate free flow of data
The Personal Information Protection Committee approved the “Notice Amendment on Personal Information Impact Assessment”, which reflects the contents of the Personal Information Protection Act revised last year.
Through the revision of this notice, 3 evaluation fields and 7 detailed fields, including ‘pseudonymous information processing’, ‘portable image information processing equipment’, and ‘automated decision’, were newly established, and the number of evaluation fields increased from 25 to 28, and detailed The field was expanded from 55 to 62.
https://www.pipc.go.kr/np/cop/bbs/selectBoardArticle.do?bbsId=BS074&mCode=C020010000&nttId=10083
6. Global CBPR Forum Announces the Establishment of the Global CBPR and Global PRP Systems and Welcomes New Global CAPE Participants
Japan’s data protection authority, the Personal Information Protection Commission, released its triennial review of the Act on the Protection of Personal Information. The report details potential provisions to the APPI, including a surcharge system and possible criminal penalties in an effort to increase compliance.
https://www.ppc.go.jp/files/pdf/240322_shiryou-1.pdf
7. Singapore’s Cyber Security Agency released notes on the Cybersecurity (Amendment) Bill discussion
Microsoft will invest US$1.7 billion in Indonesia to empower the Southeast Asian country with cloud services and artificial intelligence, including by building data centres, visiting chief executive Satya Nadella said on Tuesday (Apr 30).
On February 22, 2023, the Cyberspace Administration of China released the “Standard Contract Measures for the Transfer of Personal Information Abroad” and the template “Standard Contract for the Transfer of Personal Information Abroad”.
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Onecompliance aims to provide concise updates on key regulatory changes in data security, privacy protection, and emerging trends in fintech regulations across major jurisdictions.
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