Macros weigh on ecommerce sales; District CEO on growth plan

Happy Monday! Inflation and pricier inputs may take some shine off this year's ecommerce festive sales. This and more in today’s ETtech Morning Dispatch.

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LinkedIn CEO on AI Jobs, Agentic Hiring and the AI Slop Problem

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Former SK Hynix employee jailed for leaking information to a Chinese firm: Report

The Seoul ⁠High Court made the ruling in an ​appeal case against the defendant, upholding the lower court's ​sentence, for leaking classified information on so-called CMOS image sensors, a technology used for ​non-memory chips in smartphone ⁠cameras and ‌laptops, to a Chinese company ​in 2022, ​Yonhap said.

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Three in five Americans favour stronger oversight of social media companies: Reuters/Ipsos poll

The poll, which was conducted over the six days ending August 3, comes as companies ​like Meta Platforms and Google's YouTube face mounting legal pressure over their treatment of young users. A trial is expected to begin on Wednesday over allegations by state prosecutors that Meta designed its products to addict young users.

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OpenAI flags possible critical cybersecurity risk in upcoming model, tightens controls

Under OpenAI's safety guidelines, a model reaches the "critical" threshold if it can autonomously identify and exploit severe, real-world software vulnerabilities, known ‌as zero-day ⁠exploits, or ⁠execute complex cyberattacks against highly secure targets without human intervention.

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Financial sector must build safeguards against AI risks before using it: CEA

The financial sector cannot afford to ignore emerging AI-related threats until they become a reality, he said at an event organised by industry chamber Assocham here.

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MDR on UPI will hit businesses, not users: FM Nirmala Sitharaman hits back at Congress' Jairam Ramesh

Sitharaman accused the opposition leader of "spreading a canard" and clarified that MDR "applies only on the merchants and not on the end users/customers," adding that the revenue would let banks and fintechs invest in infrastructure, innovation and security, benefits she said would eventually flow to all UPI users.

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Wakefit reports Rs 23 crore net profit in Q1, revenue up 17%

Founded in 2016, Wakefit initially focused on sleep-related products such as mattresses, pillows, and bed frames before expanding to a broader home portfolio including sofas, dining sets, wardrobes, study tables, and bookshelves.

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Impact of MDR’s return; KKR veterans to anchor new fund

Happy Thursday! Competition in the payments space may change with merchant fees on UPI potentially making a comeback. This and more in today’s ETtech Morning Dispatch.

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Google's Jeff Dean launches AI startup Discovery Loop

Announcing the venture on X, Dean wrote, "We are founding Discovery Loop... a Public Benefit Corporation whose mission is to automate machine learning, science, and engineering to accelerate discoveries and progress." He added that the four founders have worked together for between 14 and 30 years, helping build Google's AI models, products and computing infrastructure.

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Experimental AI systems have been going on hacking sprees

The incidents show testing advanced AI models is no longer a controlled exercise. And the companies behind them need to do more to keep AI's most dangerous capabilities safely contained.

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