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.

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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.

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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.

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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.

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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?”.

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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.

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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.

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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.

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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.

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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.

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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.

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