BharatPe backs new UPI MDR framework; distances itself from Ashneer Grover's remarks
Clarifying that Grover's remarks do not reflect the company's stance, BharatPe said his views were made strictly in an individual capacity.
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Huawei's Xu says Chinese AI not powerful enough yet to see frontier risks
His comments come as alarm over AI safety has intensified in the United States, where leading developers and researchers have warned that increasingly autonomous systems could bypass safeguards or bec…
US, China security experts propose nuclear-style safeguards for AI risks
The experts, part of a US-China dialogue whose work helps inform official discussions, are urging both governments to prepare for such scenarios amid rising concerns about increasingly powerful and mo…
France's Thales urges international framework on AI development
Speaking during a presentation of war-fighting technology amid a debate over the speed of AI development, CEO Patrice Caine told reporters that machines could be kept under control with adequate techn…
In Silicon Valley, AI data center boom meets local resistance
In Silicon Valley's biggest city, residents and environmental groups are organizing against a wave of proposed data center projects that officials have courted in a bid to position the city as a hub f…
German court rules Meta liable for fake ads on Instagram, Facebook
A German court has ruled that Meta is liable for fake advertisements posted by third parties on its Instagram and Facebook platforms, and ordered the U.S. tech giant to remove such
King Charles to call on tech giants for 'reassurances' over AI
King Charles III will urge tech giants to ensure that artificial intelligence is geared to serve humanity and that mankind does "not lose control", during a conference in Scotland on Thursday. "Those…
What AI leaders and world governments have to say about 'AI doom' fears
AI industry leaders are split over how fast companies should develop the increasingly powerful technology: Anthropic's Dario Amodei, OpenAI's Sam Altman and SpaceX's Elon Musk are seeking a coordinate…
Generac, Amazon strike $2.4 billion long-term generator supply deal
As part of the deal, Generac issued a warrant to Amazon.com NV Investment Holdings to acquire up to 1.69 million shares of the generator maker's stock at $200.93 per share.
China's Huawei sets 2027 launch for new AI chips as it targets Nvidia
The company is also working on ways to connect very large numbers of AI chips, allowing them to work together as one bigger computing system. Most advanced AI programmes require more processing power…
UN chief sounds alarm on AI risk after Trump plays it down
Speaking ahead of next week's U.N. General Assembly gathering in New York, Guterres told reporters the need for stronger oversight would be a major focus of his talks with global leaders coming to the…
Google should relax ad tech rules, appoint antitrust monitor, US judge finds
U.S. District Judge Leonie Brinkema in Alexandria, Virginia, gave her assessment in a decision unsealed on Wednesday, two weeks after she rejected the U.S. Department of Justice's insistence that Goog…
Snap targets enterprises with Salesforce, Nvidia AI tools for augmented-reality glasses
Snap on Wednesday announced partnerships with companies including Salesforce, Nvidia and Amazon Web Services to integrate workplace tools into its Specs augmented-reality glasses, courting enterprise…
'We're losing control,' says AI pioneer Yoshua Bengio
that humanity is "losing control" of the technology and the world needs guardrails similar to nuclear arms controls. Bengio told AFP people need to be aware of the risks ahead.
OpenAI reveals six new cases of AI misbehavior, vows transparency
US artificial intelligence giant OpenAI promised Wednesday to more systemically report instances of its models going off track, while also publishing six new reports on previously undisclosed incident…
Decoding MDR’s impact; EV bikes’ policy change sparks debate
Happy Thursday! The return of MDR is set to change UPI's market share game. This and more in today's ETtech Morning Dispatch.
Revolut hackers demand $3 million ransom: FT
Hackers behind a data breach at Revolut threatened to sell confidential records of hundreds of customers to other criminal groups unless the British fintech pays a ransom of $3 million within 24 hours…
Anthropic to fold Claude AI features into one interface, launches document tools
Anthropic said on Wednesday it is combining the chat and Cowork features of its Claude AI assistant into a single interface and launching new document and presentation tools.
New MDR norms for UPI to add more revenue, bottom line to business: Paytm CEO
The government has introduced a 0.4% fee on UPI transfers exceeding Rs 2,000 to merchants from October 15, while explicitly ring-fencing everyday person-to-person transactions as well as small payment…
Ex-Infosys CEO Vishal Sikka’s startup Hang Ten Systems raises $53 million
Hang Ten is building AI software for large enterprises, with a focus on software development and other technology-intensive work. Its platform uses AI agents to automate parts of enterprise software p…
Calls to slow down AI development serve the interests of US AI leaders, says French finance minister
"I can clearly see that the calls to slow down are now coming from those at the top of the class... Making everyone behind them slow down so they can stay in first place - I can clearly see their self…
DeepMind cofounder warns AI capabilities must not outrun safety controls: FT
AI companies' warnings about recursive self-improvement come as researchers report that increasingly capable AI agents can write software, perform autonomous tasks and assist in developing AI systems.…
UPI MDR may attract 18% GST; eligible merchants can claim input tax credit
Effective October 15, UPI payments to merchants (P2M) above Rs 2,000 will attract a 0.4% merchant discount rate with an overall cap of Rs 300. Besides, a flat concessional MDR rate of Rs 5 would be ap…
MDR could push small merchants, price-sensitive consumers back towards cash: GTRI
Effective October 15, UPI payments to merchants (P2M) above Rs 2,000 will attract a 0.4 per cent MDR with an overall cap of Rs 300. Besides, a flat concessional MDR of Rs 5 would be applicable on spec…
