European Union vows to defend its stand against X after the US backs a court challenge from Elon Musk

The European Union imposed a significant fine on social media platform X for regulatory violations. Following this, the U.S. government expressed support for Musk's legal efforts to dismiss the fine. The European Commission emphasised its right to enforce legislation aimed at protecting citizens. This situation has escalated tensions between Brussels and Washington regarding regulatory power. Officials from both sides have engaged in discussions about jurisdiction and implications for American companies.

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IRDAI's commission reset impact; ETSA winner Progcap’s next bet

Happy Friday! IRDAI's overhaul plan could significantly impact the new-age insurance distribution industry. This and more in today’s ETtech Morning Dispatch.

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White House asks OpenAI, Anthropic to hold models from British testers: Politico

The White House wants to take steps to make sure US systems are secure before the models are shared with partners, according to the report.

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BNP Paribas to keep sensitive data off public cloud despite Google deal

BNP Paribas will keep some sensitive customer data and critical operations off public cloud infrastructure even after signing a five-year cloud and AI partnership with Google, the French bank said on Thursday.

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AI speeding up tech development, but identifying problems is key: SAP Labs India MD

During a fireside discussion on Leadership in the AI Era, Gangadharan said companies should start with the business outcome they want to achieve rather than look for problems after adopting a technology.

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Meta's Muse rekindles fears over winners and losers as personal AI agent emerges

Meta's Muse, the first major consumer product to emerge under Alexandr Wang since he was hired to head its AI efforts last year, has split the fortunes of US stocks this week.

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OpenAI expands GPT-6 lineup with cheaper Sol and Luna models

The launch of low-cost GPT-6 Sol and GPT-6 Luna follows the rollout of GPT-6 Astra, a faster model for handling more tasks than previous iterations, earlier this month.

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Anthropic unveils Claude Opus 5.5

The company said Opus 5.5 performs on par with its Claude Fable 5.1 model on most tasks while costing 40% less to run on typical workloads than its predecessor, Claude Opus 5.

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Poor data sharing undermining EU cyber defences, auditors say

The 27-nation bloc was investing more and more in cybersecurity - with €1.4 billion ($1.61 billion) in its current budget - and improving cooperation, according to the court, which reports on how effectively the EU spends money.

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Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows

The dollar-denominated notes are split into 3-1/2-year, 5-1/2-year and 7-1/2-year tenors, while the euro-denominated bonds are split into 4-year and 6-year tenors, according to the term sheet.

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Ashwini Vaishnaw on India’s chip push; Emergent's new AI bet

Happy Monday! The next set of investments under India’s semiconductor scheme are expected to begin in the next six months, IT minister Ashwini Vaishnaw told us. This and more in today’s ETtech Morning Dispatch.

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