Financial services AI dangers highlighted by UK regulator's review
Regulators globally have begun to focus more keenly on the impact of AI, from cyber and operational risks associated with frontier AI models such as Anthropics Mythos to the challenges posed by the agentic systems
India, AI governance, and a voice for the Global South
India faces a choice between dependency and leadership in AI governance
Samsung likely to post 18-fold jump in profit on surging AI demand for memory
Up from 4.7 trillion won a year earlier, this would mark a third consecutive quarter of record operating profit for Samsung
Foxconn second-quarter revenue jumps, company cautions on geopolitics
The companys shares have gained 4.3% this year, underperforming the 61.5% rise for the Taiwan market
Government issues stern notice to Meta on child sexual abuse material in Instagram ads: Sources
MeitY has ordered Instagram to disable all ads and content promoting and facilitating access to CSEAM, the sources said, adding that the Ministry also demanded a detailed explanation within seven days
I&B Ministry issues fresh notice to Telegram on pirated content
The Ministry asked the platform to submit an Action Taken Report within 15 days, stating that as an intermediary, Telegram must abide by IT Act and IT Rules
Battery apps taken down in India after stalled e-rickshaw rides
Over the last few days, videos of people using Chinese battery management apps to remotely cut power to e-rickshaws mid-ride have gone viral
Google loses fight against record 4.1 billion EU antitrust fine
The European Commission had originally handed out a 4.34 billion fine to Google in 2018 for its agreements which forced phone manufacturers to pre-install Google offerings
Microsoft launches firm to help companies adopt AI with $2.5 billion
Microsoft Frontier Company, as the new operating entity is called, will kick off with $2.5 billion in funding from the tech giant
OpenAI discusses giving U.S. government 5% stake: Report
Trump said on June 2 that he intended to meet top artificial intelligence firms to discuss the possibility of the government taking a stake in their companies to address public concern over AI
