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.

from Tech-Economic Times https://ift.tt/rK7w4Bd

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.

from Tech-Economic Times https://ift.tt/Xihl5Rm

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.

from Tech-Economic Times https://ift.tt/Xps8qZS

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.

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

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.

from Tech-Economic Times https://ift.tt/hL2k47X

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.

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

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.

from Tech-Economic Times https://ift.tt/2JV8abH

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.

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

OpenAI, Anthropic AI agents implicated in new security breaches

The institute ​said agents powered by Anthropic's Mythos 5 and OpenAI's GPT-5.6-Sol engaged in unauthorized actions during security evaluations the government organization conducted to assess the models' capabilities.

from Tech-Economic Times https://ift.tt/2E5GFoA

Nvidia bets on Sarvam AI; Sidbi eases fund rules for VCs

Happy Wednesday! Sarvam’s Pratyush Kumar has confirmed adding Nvidia to the AI startup’s captable. This and more in today’s ETtech Morning Dispatch.

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

OpenAI pays $3.2 million in US probe over hiring foreign workers

The Justice Department in a release said that OpenAI and Statsig, which makes product development software, recruited foreign workers ‌for some ⁠open ⁠positions and took various steps to discourage US workers from applying. That included requiring them to ​mail paper applications instead of submitting electronic ones, advertising jobs on the radio late at night, ​and not posting the openings on an external website, the Justice Department said.

from Tech-Economic Times https://ift.tt/bFl6Wnf