Infra industry must work three shifts to complete projects: Narayana Murthy

In a fireside chat with Zerodha co-founder Nikhil Kamath, Murthy said India needed to take quick decisions in infrastructure-related projects vis-à-vis China’s development.

from Tech-Economic Times https://ift.tt/HavF8o5

Rashmika Mandanna 'deepfake' video: Delhi Police still awaits response from Meta

The Delhi Police is still waiting for a reply from social media giant Meta in connection with a "deepfake" video of actress Rashmika Mandanna.

from Tech-Economic Times https://ift.tt/q6kDZa0

US Thanksgiving weekend sales hit record on big discounts, online boost

Online consumer spending jumped 7.8% during Cyber Week, or the five days from Thanksgiving through Cyber Monday, according to data from Adobe Analytics, outstripping initial expectations for a  5.4% rise.

from Tech-Economic Times https://ift.tt/vaUWeZK

Govt disconnects 70 lakh mobile numbers involved in financial frauds: DFS Secretary

To check digital frauds, the government has disconnected 70 lakh mobile numbers so far involved in cybercrime or financial frauds, Financial Services Secretary Vivek Joshi said on Tuesday.

from Tech-Economic Times https://ift.tt/90KrHt6

Premium Indian two-wheeler EV companies eye global foray for growth

The international expansion comes as the industry saw a 25% decrease in subsidies for electric two wheelers impacting sales earlier this year though it eventually recovered.

from Tech-Economic Times https://ift.tt/R2Pq7u1

VCs double check corporate governance as lapses rise

Multiple top-tier founders and investors said investors are bringing in stricter terms in shareholding agreements as well as term sheets and that's delaying the overall timeline for investments to close by several months in a number of instances.

from Tech-Economic Times https://ift.tt/chZW0Ku

Space-tech startup Agnikul to flight test 3D-printed engine by year-end

If successful, the startup incubated on the Indian Institute of Technology, Madras campus, will become India’s second private company to make a small satellite launch vehicle. The first one was Skyroot Aersospace, which launched the Vikram S in November 2022.

from Tech-Economic Times https://ift.tt/5HeMwTJ

Neeraj Chopra invests in OTT platform Stage

“My investment in Stage represents more than just a desire to rekindle the flames of our diverse regional dialects. We will embark on a journey together to reawaken dormant languages and empower every voice, ensuring that our cultural heritage thrives in its true form through this platform," Chopra said at a press meet held at his ancestral village of Khandra in Panipat.

from Tech-Economic Times https://ift.tt/oaAUBqc

PhonePe is set to launch consumer lending by January 2024

To begin with, the Walmart-backed company will work as a distributor for personal loans as it slowly builds up credit underwriting heft, they added. It is in the final stages of integrations with five lenders, a mix of banks and nonbanking finance companies.

from Tech-Economic Times https://ift.tt/7e4wzPi

Dealshare founder, president of retail business in race for CEO post

“There is a review going on since Rao stepped down as the CEO. Singh and Medda are the two candidates from the existing management. But the (proceedings) are being run by (a) third-party firm to follow due process,” a person briefed on the matter said.

from Tech-Economic Times https://ift.tt/0XDYHC5

Sorin’s Sanjay Nayar teams up with Peak Ventures for cleantech play

Nayar is partnering with Peak Ventures – an early-stage firm focused on cleantech areas such as new energy, food systems, clean water and climate. Under the new arrangement, Nayar would become a general partner at the Mumbai-based firm.

from Tech-Economic Times https://ift.tt/cH0IQsU

Elon Musk to meet Israeli leaders on Monday: report

During Musk's visit, before the war, about 200 people protested efforts by Netanyahu's right-wing government to curb the powers of Israeli courts. They gathered outside Tesla's California factory, where the meeting took place.

from Tech-Economic Times https://ift.tt/4jWUJ68

For workers at this iPhone plant, Tata means a fresh start

At the Narasapura facility, the recent takeover brings in hopes of better facilities, and a permanent position with Brand Tata.

from Tech-Economic Times https://ift.tt/Mb7VH8x

Generative AI taking investments to the cloud: Salesforce’s Arundhati Bhattacharya

Salesforce India chairperson Arundhati Bhattacharya talks about how generative AI holds a lot of promise but India’s public sector needs to play tech catch-up.

from Tech-Economic Times https://ift.tt/Dpgr1ut

Gensol Engineering to manufacture electric reverse trike

The vehicles with two wheels in the front and one in the back will be produced at a 30,000-unit-a-year facility at Chakan, Maharashtra

from Tech-Economic Times https://ift.tt/sd0mk9M

Pentagon's AI initiatives accelerate hard decisions on lethal autonomous weapons

Pentagon is intent on fielding multiple thousands of relatively inexpensive, expendable AI-enabled autonomous vehicles by 2026 to keep pace with China.

from Tech-Economic Times https://ift.tt/GseMn1d

ETtech Opinion | Catalysing the Indian innovation ecosystem- the RISC-V way

India is at the forefront of enabling a new era of processor innovation with our own indigenous Digital India RISC-V (DIR-V) Program. RISC-V is a free and open Instruction Set Architecture (ISA) which could be used by startups and entrepreneurs across the world to build their own products and devices.

from Tech-Economic Times https://ift.tt/TK5Zfq0

Ministers group likely to discuss e-gaming on December 15

While the GoM has conducted “a couple of informal meetings” so far, the first official meeting is likely to set the tone for the process of regulating online gaming, with a specific focus on how to effectively tax the sector and avoid “any illegal gambling or betting, especially from off-shore players”.

from Tech-Economic Times https://ift.tt/qPgfR8z

India, EU sign MoU on semiconductors in research, talent development

The MoU was signed ahead of the India-EU Trade and Technology Council that was held virtually on Friday. The meeting was co-chaired on the Indian side by external affairs minister S Jaishankar, minister of commerce and industry Piyush Goyal and minister of electronics and information technology Ashwini Vaishnaw.

from Tech-Economic Times https://ift.tt/Py3Yqev

Ecommerce companies, brands line up for Black Friday rush

Online and offline markets in India are set to see sales growing by over 70% in the week of Black Friday this year when compared to business as usual (BAU) weeks, according to estimates from market research firm 1Lattice. In the US, Black Friday is the Friday after Thanksgiving. It's the busiest shopping day of the year and marks the start of the Christmas shopping season. The sale typically gets extended to the following Monday, called Cyber Monday.

from Tech-Economic Times https://ift.tt/rNDAnSo

Appario looks for a new way to keep selling on Amazon

Amazon and Patni Group, joint venture partners of Appario’s parent firm Frontizo, had in October last year announced plans to shut the seller entity within a year.

from Tech-Economic Times https://ift.tt/ogjd1ZW

Zomato, Swiggy want to clarify stance to DGGI on tax notice

Companies are expected to tell officials that delivery fees are not accounted for as revenue, but passed on to delivery workers and hence cannot be taxed.

from Tech-Economic Times https://ift.tt/wd5Ph7G

Businesses, tech groups warn EU against over-regulating AI foundation models

One of the biggest bones of contention is foundation models, such as OpenAI's ChatGPT, which are AI systems that are trained on large sets of data, with the ability to learn from new data to perform a variety of tasks.

from Tech-Economic Times https://ift.tt/STKe0vO

Cert-In investigation into Apple's state-sponsored threat notifications nears conclusion

The probe found that there was “some vulnerability in Apple’s systems for a period during which several threat actors across the world tried to spread some virus on Apple devices”, the official said on condition of anonymity.

from Tech-Economic Times https://ift.tt/yTdncgN

OpenAI spat highlights perils of leaning on a single GenAI tool

The dependence on OpenAI explains why founders hugely invested in businesses dependent on OpenAI’s tech were extremely concerned.

from Tech-Economic Times https://ift.tt/ywja3Wl

AI poster child Sam Altman back at OpenAI, may have fewer checks on power

OpenAI is bringing Altman back just days after his ouster as well as installing a revamped board that could bring sharper scrutiny to the startup at the heart of the AI boom, but strong support from investors including Microsoft may give Altman more leeway to commercialize the technology.

from Tech-Economic Times https://ift.tt/Y8B35Oi

Broadcom closes $69 billion VMware deal after China approval

The deal, one of the biggest globally when announced in May 2022, was the latest in CEO Hock Tan's efforts to boost the chipmaker's software business. However, the transaction faced tough regulatory scrutiny across the world and the companies had delayed the closing date three times.

from Tech-Economic Times https://ift.tt/ElaI2tW

Sam Altman, OpenAI board open talks to negotiate his possible return

Discussions are happening between Altman and at least one board member, Adam D’Angelo, said the people, who asked not to be identified because the deliberations are private and they may not come to fruition. The talks also involve some of OpenAI’s investors, who are also pushing for his reinstatement, one of the people said.

from Tech-Economic Times https://ift.tt/04gsvdK

Deepfake issue: Govt to meet executives from social media firms on November 23

On Saturday, Union IT minister Ashwini Vaishnaw said that his ministry would meet social media and internet intermediaries to brainstorm ways in which the spread of deepfake photos and videos could be contained.

from Tech-Economic Times https://ift.tt/pSANKoe

What Google's multibillion payment to Apple says about privacy and power in tech

A valuation of default settings became clear in the current Google antitrust trial. During the trial, Google revealed that it paid $26.3 billion in 2021 to be the default search engine on various platforms, with a substantial portion of the money going to Apple.

from Tech-Economic Times https://ift.tt/FBw7rl2

Britain proposes antitrust overhaul after Microsoft-Activision case

The Competition and Markets Authority (CMA) moved into the top tier of global regulators when Britain left the European Union in 2020, giving it a bigger say over mega-mergers such as Microsoft's $69 billion acquisition of the "Call of Duty" maker.

from Tech-Economic Times https://ift.tt/DRz4gLl

Google launches largest ever online exhibition on Hindi Cinema

Google said the immersive street view captures will guide visitors on a 360-degree virtual tour of Mumbai's iconic Art Deco theaters like Liberty and Regal Cinemas

from Tech-Economic Times https://ift.tt/IDv4ybp

Data will show efforts to fight hate: X CEO Linda Yaccarino tells staff as advertisers flee

X, formerly Twitter, lost several major advertisers including IBM and Comcast, and owner Elon Musk was blasted by the White House after he agreed with a post on the platform Wednesday.

from Tech-Economic Times https://ift.tt/weC8Nc2

Ecommerce SaaS company Unicommerce eyes IPO in second half of 2024

The firm has started the book-building process and capital markets and investment firm CLSA has been roped in as one of the managers for the initial public offering (IPO), they added.

from Tech-Economic Times https://ift.tt/SXtIxf2

Amazon business looking to offer multiple licence options at signup

Amazon Business is the B2B offering of Amazon India that provides its business customers with access to products with a GST invoice allowing them to take input tax credit. These customers also get business-exclusive deals and quantity discounts on products, as per its website.

from Tech-Economic Times https://ift.tt/KP7vD0j

Sam Altman said to be discussing return to OpenAI with company's board

The discussions follow an outcry after Altman, 38, was ousted from his role as OpenAI's CEO a day earlier. Since then, OpenAI's investors and Altman's supporters have pressured the four board members of the startup to bring Altman back, six people with knowledge of the matter said.

from Tech-Economic Times https://ift.tt/gJdyl9B

Tech provides the assist to find football’s uncut gems

Reliance Foundation is using ai.io’s talent discovery platform to produce a goal that lets Indian football emerge the winner.

from Tech-Economic Times https://ift.tt/MQtxH0p

Meta breaks up its Responsible AI team

Meta Platforms has split its Responsible AI team that worked on understanding and preventing harms associated with the artificial intelligence technology it is developing

from Tech-Economic Times https://ift.tt/lBNmVur

ChatGPT maker OpenAI's board ousts CEO Sam Altman

OpenAI's chief technology officer Mira Murati will serve as interim CEO, the company said, adding that it will conduct a formal search for a permanent CEO.

from Tech-Economic Times https://ift.tt/G6ghkL0

Lionsgate suspends all advertising on X: report

This comes after Elon Musk endorsed an antisemitic post on X that falsely claimed members of the Jewish community were stoking hatred against white people. ​​

from Tech-Economic Times https://ift.tt/ER84YAI

'Ridiculous' US lawsuit by Elon Musk's X Corp should be dismissed: hate speech watchdog

The Center for Countering Digital Hate also called the "ridiculous" and "baseless" lawsuit against them an attempt to silence others who say things X may not like. It also denied X's claim that commercial rivals and perhaps even foreign governments were funding its activities.

from Tech-Economic Times https://ift.tt/ihQk5Zp

OpenAI explores ways to get ChatGPT into classrooms

OpenAI's chief operating officer, Brad Lightcap, said at a conference in San Francisco that the company will form a team to explore educational applications of a technology that has threatened to upend industries, stoked new legislation and become a popular learning tool.

from Tech-Economic Times https://ift.tt/MTsbYmu

How ready are Indian businesses for the AI era?

​​​Overall, according to to the Cisco AI Readiness Index 2023, only 26% of organisations in India are fully prepared to deploy and leverage AI – but this is higher than the global average of 14%. 42% are moderately prepared, 31% have limited preparedness, while 1% are unprepared.

from Tech-Economic Times https://ift.tt/j0C9ePZ

ETtech Opinion | Culture, technology, resilience: the changing business imperative in challenging times

As per a survey, 89% of respondents cited resilience as one of their most important strategic organisational priorities. It also revealed that 96% of organisations have experienced disruption in the past two years. Hence, the ability to bounce back is crucial for any business to succeed in today's unpredictable global environment.

from Tech-Economic Times https://ift.tt/JK3BEtq

Infosys to give 80% variable pay to employees for September quarter

Employees at position level 6 (PL6-manager) and below band – meaning those below manager category barring entry level – are set to receive the variable pay. While the average payout would be at 80%, individual payout will differ based on their performance and contribution for the quarter, as per an official communication by the engineering team HR head at Infosys.

from Tech-Economic Times https://ift.tt/Y5vxn4Q

PayU eyes B2B pay, credit play under new top brass

From being an early player offering online payments to internet companies back in 2011, to facing severe competition from new-age startups such as Paytm and Razorpay, to a failed attempt to acquire Billdesk and facing a merchant acquisition embargo from the Reserve Bank of India, PayU has had a chequered history in India.

from Tech-Economic Times https://ift.tt/yhsWoC1

Adobe open to discussions with EU on Figma deal remedies, says chief counsel

Photoshop maker Adobe expects to get an EU antitrust warning on its $20 billion bid for cloud-based designer platform Figma and is open to proposing remedies to resolve regulatory concerns, its chief counsel told Reuters on Wednesday.

from Tech-Economic Times https://ift.tt/EvQK4nh

Meta appeals against EU gatekeeper status for Messenger, Marketplace

As part of its latest crackdown on Big Tech, the EU in September picked 22 "gatekeeper" services, run by six of the world's biggest tech companies, to face new rules under the Digital Markets Act (DMA).

from Tech-Economic Times https://ift.tt/tXvwZjm

Social media firms must face lawsuits over harm to children: US judge

US district judge Yvonne Gonzalez Rogers in Oakland, California ruled against Alphabet, which operates Google and YouTube; Meta Platforms, which operates Facebook; ByteDance, which operates TikTok; and Snap, which operates Snapchat.

from Tech-Economic Times https://ift.tt/LlhFdCI

Sea posts surprise loss on hefty ecommerce investments, shares fall

Rising competition from Alibaba Group's Lazada and ByteDance's TikTok, along with new entrants like PDD's Temu, have forced Sea to revamp its playbook this year, with warnings that the increased ecommerce investments may lead to losses in some quarters.

from Tech-Economic Times https://ift.tt/L6uAd7w

Adobe faces EU antitrust warning over Figma deal, sources say

Tech deals around the world have recently attracted tougher antitrust regulatory scrutiny amid fears that some bigger companies may be acquiring rival startups to shut them down or boost their market power.

from Tech-Economic Times https://ift.tt/Iip60ak

ETtech in-depth | Lacking bite and funding, online meat ecosystem returns to the drawing board

The potential from low online penetration and lack of organisation has seen marquee investors such as Temasek, Prosus, Tiger Global, 3one4 Capital and Amazon pour in over $1 billion in funding into the online meat sector, as per Tracxn.

from Tech-Economic Times https://ift.tt/7IBJCp9

WhatsApp rolling out new voice chat feature with large groups

Meta-owned WhatsApp is introducing a new voice chat feature that will be a less disruptive method to connect with large groups on the platform.

from Tech-Economic Times https://ift.tt/UuHa2Cr

SaaS company Whatfix dragged to court by rival WalkMe

WalkMe has alleged that Whatfix, which is backed by SoftBank Vision Fund and Peak XV Partners (earlier Sequoia Capital India), gained unauthorised access to its systems, sought to interfere with its customer relationships, made misleading advertising claims about its products and used its design mark without permission

from Tech-Economic Times https://ift.tt/cF0oysS

China's Singles Day sales festival wraps up with ecommerce giants reporting sales growth

​​Originally a 24-hour online shopping event held on Nov. 11 each year in China, the 'Singles Day' festival - a nod to the digits in the date - has expanded into weeks of promotions across the country's major e-commerce platforms and in brick-and-mortar stores.

from Tech-Economic Times https://ift.tt/RdPD9Ma

Fact: check or mate? States embrace fact check units amid freedom of speech concerns

Different state governments are in the process of setting up fact check units to combat misinformation. But, can they be neutral and independent of state control? ET asks career fact checkers for answers!

from Tech-Economic Times https://ift.tt/2fiGp3F

MIB to bring OTT, digital news under proposed new broadcasting services legislation

The Ministry of Information and Broadcasting has opened public consultation on the Broadcasting Services (Regulation) Bill, 2023, designed to replace the Cable Television Networks (Regulation) Act of 1995. The proposed legislation aims to streamline regulatory processes, encompassing Over-The-Top (OTT) and digital news platforms, and update definitions and provisions for emerging technologies.

from Tech-Economic Times https://ift.tt/sx68cX9

Price wars during Chinese shopping fest expose consumer woes

This year's festival is being more closely watched than ever as a gauge of consumer confidence as China flirts with deflation and has identified boosting household demand as key to avoiding lost decades of sluggish growth.

from Tech-Economic Times https://ift.tt/qVOpC8S

Companies rush for cyber insurance on data laws, digitisation

Generally higher claims and lack of strong IT systems for SMEs is causing insurers to be wary about offering these products actively.

from Tech-Economic Times https://ift.tt/1xVTipj

EU AI Act to serve as blueprint for global rules: lawmaker Brando Benifei

While several countries have been looking at ways to regulate AI, European lawmakers have taken a lead by drafting AI rules aimed at setting a global standard for a technology key to almost every industry and business. The draft rules could get approved by next month.

from Tech-Economic Times https://ift.tt/SRniEPh

Google's open culture collides with the Israel-Hamas war

In the month since Hamas launched an attack inside Israel, and Israel retaliated with a bombing campaign and invasion of the Gaza Strip, discussion of the topic at Google -- for Muslims and Jews -- has sunk into an morass of hostility and intolerance, employees say.

from Tech-Economic Times https://ift.tt/YRhWFJC

Accel-backed SaaS startup OSlash to close shop by month end

The Bengaluru- and San Francisco-based startup offers plug-and-play artificial intelligence-based copilots for software, teams and individuals to improve productivity at the workplace.

from Tech-Economic Times https://ift.tt/BP2iRlk

US consumer watchdog proposes rules for Big Tech payments, digital wallets

The Consumer Financial Protection Bureau's proposal would subject companies like Alphabet, Apple and PayPal to bank-like supervision, with CFPB examiners inspecting their privacy protections, executives' conduct, and compliance with laws barring unfair and deceptive practices.

from Tech-Economic Times https://ift.tt/CJPxh1p

WeWork India says business not affected by US bankruptcy

The Chapter 11 filing will not impact WeWork India’s members and stakeholders, the company said in a statement on Tuesday, adding that it will continue to operate and serve members, landlords, and partners as usual.

from Tech-Economic Times https://ift.tt/7zJ3uQW

ChatGPT-maker OpenAI hosts its first big tech showcase as the AI startup faces growing competition

The path to OpenAI's debut DevDay has been an unusual one. Founded as a nonprofit research institute in 2015, it catapulted to worldwide fame just under a year ago with the release of a chatbot that's sparked excitement, fear and a push for international safeguards to guide AI's rapid advancement.

from Tech-Economic Times https://ift.tt/1U9oAts

Bumble founder Whitney Wolfe Herd to hand over CEO role to Slack's Lidiane Jones

Jones is the CEO of Salesforce-owned Slack and has held senior business roles at Microsoft where she spent more than 12 years. She will take over on Jan. 2, while Wolfe Herd will remain executive chair.

from Tech-Economic Times https://ift.tt/5luR0Q7

For financial services companies, India’s best market for tech talent: Morgan Stanley executive

India is currently the second largest location in terms of tech headcount outside the US for the multinational financial services firms, Michael Pizzi, managing director and head of US banks & technology at Morgan Stanley, told ET.

from Tech-Economic Times https://ift.tt/iuh5Y31

Another Google antitrust battle reaches court in Epic Games case

On Monday, Epic Games, the company behind the hit game Fortnite, will appear in federal court in San Francisco to kick off a monthlong trial in its own antitrust lawsuit against Google. Epic is expected to argue that Google is violating both state and federal antitrust laws by wielding monopolistic power over app developers on its Google Play Store on Android mobile phones.

from Tech-Economic Times https://ift.tt/p4hNdQM

Meta now lets creators publish Instant Games directly on Facebook

The company also said that it will change the way games are distributed across our organic discovery experiences.

from Tech-Economic Times https://ift.tt/O73FKBc

New Apple macOS update comes with a liquid detection feature

According to a report in 9to5Mac, macOS Sonoma 14.1 update includes a new system daemon called "liquiddetectiond," which can identify when the computer has been exposed to liquids.

from Tech-Economic Times https://ift.tt/6rOHa1z

Viasat to lay off 800 employees post Inmarsat acquisition

Post-layoffs, Viasat will still have global operations with a majority of its employees continuing to be located in the US and the UK.

from Tech-Economic Times https://ift.tt/pT9qurm

Elon Musk teases AI chatbot 'Grok,' with real-time access to X

"Grok" comes from "Stranger in a Strange Land," a 1961 science fiction novel by Robert Heinlein, and means to understand something thoroughly and intuitively.

from Tech-Economic Times https://ift.tt/yIZGYgc

Tech-ing Stock: India Mobile Congress 2023 showcases next-gen tech marvels

The India Mobile Congress 2023 saw large telcos and big companies, along with emerging startups, vie for attention with their innovations. ET took a walk across the floor, exploring all that the showcase had to offer and came away impressed at what the future has in store.

from Tech-Economic Times https://ift.tt/dtnyOEL

Nazara eyes tax crisis-hit real money game companies

The RMG industry is facing a tax demand of more than Rs 1.5 lakh crore, after the government decided to levy a 28% GST on deposits made by users to play a game, instead of on the winnings.

from Tech-Economic Times https://ift.tt/1wfRrLp

Explained | Sam Bankman-Fried's conviction: what's next?

US District Judge Lewis Kaplan has set Sam Bankman-Fried's sentencing for March 28, 2024. Bankman-Fried could face decades in prison. But what's next?

from Tech-Economic Times https://ift.tt/p3J9DPz

The other crypto bosses in US authorities' crosshairs

Onetime crypto poster child Sam Bankman-Fried was found guilty of defrauding customers of his now-bankrupt crypto exchange FTX, in a high-profile criminal case that rocked the industry. But he's not the only one in regulators' sights.

from Tech-Economic Times https://ift.tt/gfoc94Q

British PM Rishi Sunak: new AI models to be tested before release

British Prime Minister Rishi Sunak on Thursday said that like-minded governments and artificial intelligence companies had reached agreement on testing new AI models before they were released.

from Tech-Economic Times https://ift.tt/7NFnpx1

Amazon made $1 billion through secret price raising algorithms: FTC

The $1 trillion company monitored its sellers and punished them if they offered lower prices on other platforms, the FTC said.

from Tech-Economic Times https://ift.tt/utnvrg2

Midcaps brave IT winter better than big firms

Despite a few companies like Happiest Minds and Mphasis missing estimates due to wage hikes and sustained pressure on the BFSI segment, analysts see the midcap segment continuing to end the fiscal on a strong note.

from Tech-Economic Times https://ift.tt/7htnPOf

India clear about how to mitigate downsides of AI: MoS Rajeev Chandrasekhar at AI summit

He presented his views on AI and policy surrounding the technology in a round-table discussion, “What should National Policymakers do?”.

from Tech-Economic Times https://ift.tt/O3nQdrM

Facebook owner Meta faces EU ban on targeted advertising

The ban on such advertising, which targets users by harvesting their data, is a setback for U.S. tech giant Meta Platforms, the owner of the two social media services, which has opposed efforts to curb the practice.

from Tech-Economic Times https://ift.tt/KUF3to2

Britain to invest 300 million pounds in AI supercomputing

Britain said on Wednesday it would boost funding for two supercomputers which will support research into making advanced artificial intelligence models safe.

from Tech-Economic Times https://ift.tt/5UfZQ2e

Tesla wins Autopilot trial involving fatal crash

The case, in a California state court, was filed by two passengers in a 2019 crash who accused the company of knowing Autopilot was defective when it sold the car. Tesla argued human error caused the crash.

from Tech-Economic Times https://ift.tt/wEp6Oz4

Nokia sues Amazon over alleged use of patented video tech

Nokia said on Tuesday it had sued Amazon over the alleged use of the Finnish company's video-related technologies in the U.S. giant's streaming services and devices.

from Tech-Economic Times https://ift.tt/tvIl2HZ

Two-wheeler EV sales rise 12% as Ola Electric sees festive surge

Ola Electric sold 22,284 vehicles in October, up from 18,691 vehicles sold in September, according to the portal. Rival Ather Energy sold 8,025 vehicles in October, up from the 7,151 vehicles a month ago.

from Tech-Economic Times https://ift.tt/wJRDm1u

RBI issues rules to regulate cross-border payment aggregators

The central bank sad that non-banks that provide cross-border payment aggregator (PA) services will have to apply for an authorisation from the regulator by April 30, 2024.

from Tech-Economic Times https://ift.tt/pkmxzZb