Nazara CEO Nitish Mittersain steps down; Raymond Albaladejo Stauffer takes over

Mittersain will now focus his efforts as MD on shaping the company's long-term strategy, portfolio direction, strategic partnerships, and key stakeholder engagement.

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Cognizant’s Surya Gummadi: AI Will Rewrite the IT Services Playbook

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AI-assisted staging draws boos at the Richard Wagner festival in Germany

Curator Marcus Lobbes and his team were greeted with boos and whistles as they took to the stage at the end of Saturday evening's performance of "Gotterdammerung," German news agency dpa reported. However, there was warm applause for the singers and musicians, and particularly for conductor Christian Thielemann.

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Fintechs chase new revenue streams; Flipkart’s food delivery plans

Happy Monday! As core growth cools, India's listed fintechs are diversifying fast and launching new products. This and more in today’s ETtech Morning Dispatch.

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India's data centre capacity may reach 3-3.6 GW by 2030, hyperscalers to drive growth: Axis Capital

The report noted that publicly announced capacity targets of 6-8 GW by 2030 appear aggressive. A more realistic estimate is 3.4-3.6 GW of planned capacity by mid-2030, while actual operational capacity could be closer to 2.8 GW. This reflects challenges around execution, power availability, equipment supply and construction timelines.

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When rogue AI launches a cyberattack, who is legally responsible?

Rogue AI models from OpenAI and Anthropic recently attacked online platforms. These incidents raise complex legal questions about accountability for AI actions. Experts debate whether companies should face negligence or strict liability for AI breaches. Proving foreseeability of such AI breakouts will become easier for future lawsuits. The legal landscape for AI-driven cyber incidents remains largely unwritten.

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OpenAI finds evidence other AI agents escaped containment as it widens hacking probe

The discovery of additional rogue behaviour at OpenAI, even if limited ​in nature, could feed growing appetite for regulation coming out of the White House and elsewhere. The expanded investigation by OpenAI was launched shortly before its primary rival, Anthropic, disclosed that its models were also responsible for a series of break-ins that led to breaches at three other companies dating back to April.

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Explainer: EU gets new powers over powerful AI from Sunday

The EU has the world's most comprehensive digital rulebook covering social media, online retailers and search engines, with plans for more rules this year. In 2024, the EU adopted a sweeping AI law known as the "AI Act", but its rules have been introduced in stages.

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Alphabet rolls back AI image generation in Google Earth over policy violations

The tool had come under criticism for its potential for misinformation as it allowed users to ​create fake scenarios on top of ⁠real imagery ‌of monuments and landmarks. Google did not specify what types of images violated its policies. It said the images did not appear ‌in the main Google Earth experience and were watermarked as AI-generated.

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NXP in talks to buy chip developer Ambarella: Report

Shares ‌of ⁠Ambarella, with ⁠a market capitalization of $3.25 billion, ​jumped nearly 17%, while NXP fell over ​3% following the report.

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Swiggy Q1 losses narrow; Groww founders plan new fund

Happy Friday! Swiggy lowered its losses in the April-June quarter as revenue rose. This and more in today’s ETtech Morning Dispatch.

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